According to estimates , in May 2023, Vietnam's coffee exports reached 165 thousand tons, worth 396 million USD, up 0 . 9% in volume, but decreased by 0.7% in value compared to April 2023, up 15.7% in volume and 21.8% in value compared to May 2022.

In the first 5 months of 2023, coffee exports surpassed the USD 2 billion mark

In the first 5 months of 2023, Vietnam's coffee exports were estimated at 882 thousand tons, worth 2.02 billion USD, down 2.2% in volume, but up 0.2% in value over the same period last year. last year.

In May 2023, the average export price of Vietnam's coffee was estimated at $2,399/ton, down 1.6% compared to April 2023, but up 5.3% compared to May 2022.

Accumulated in the first 5 months of 2023, the average export price of our country's coffee is estimated at $2,295 per ton, up 2.4% over the same period last year.

Regarding the type structure in the first 4 months of 2023, exports of Robusta and Arabica coffee decreased, but exports of Excelsa and processed coffee increased compared to the same period last year.

Statistics from the General Department of Customs show that Robusta coffee exports in April 2023 reached approximately 145 thousand tons, worth $312.67 million, up 5.3% in volume and 16% in value. price compared to April 2022. In the first 4 months of 2023, Vietnam's Robusta coffee exports reached 647.74 thousand tons, worth 1.29 billion USD, down 2.9% in volume and 2.0% in value over the same period. period last year.

In which, exports of Robusta coffee to the markets of Spain, Japan, Belgium, the UK and the Netherlands decreased, but exports to the markets of Germany, Italy, the United States and Russia increased.

According to the Vietnam Coffee and Cocoa Association (VICOFA), the continuous increase in coffee prices is due to insufficient supply and demand. It is forecasted that from now until the end of the year, coffee exports will still be favorable when the demand increases while the source of goods is not improved. It is forecasted that this year's coffee output will decrease by 10% - 15% / year due to unfavorable weather.

However, not only farmers but also some exporters said that they did not benefit from increased coffee prices. The current coffee market volatility, especially the high financial costs, makes Vietnamese businesses not dare to stock up.

The current trend of increasing coffee prices may lead to people expanding their growing areas. VICOFA also warned that, according to new regulations of the European Union ( EU ), coffee products originating from deforested and degraded forests after December 30, 2020 will not be exported to this market. .

Therefore, it is important not to plant on land that is at risk of deforestation because it will adversely affect Vietnam's coffee exports in the future.