Switzerland increases coffee imports from Vietnam

Notably, its coffee imports from Vietnam rose to 4,820 tonnes worth US$10.81 million, up 2.6% in volume and 5.3% in value against the same period from last year, reported the Import and Export Department under the Ministry of Industry and Trade.

Vietnam’s coffee market share in Switzerland’s total coffee imports also increased from 8.56% in the first quarter of 2022 to 9.17% a year later.

The first quarter of 2023 witnessed Vietnam ship abroad 552,610 tonnes of coffee worth approximately US$1.23 billion, down 5.0% in volume and 5.4% in value year on year. The average coffee export price also dropped by 0.3% year on year to US$2,222 per tonne.

Elsewhere, Vietnamese coffee exports to most markets recorded an upward trend, with the exception of Belgium, Spain, Japan, and the Netherlands.

Most notably, coffee exports to Indonesia and Algeria recorded triple-digit growth compared to the first quarter of last year, at 209% and 126,8% respectively.

Elsewhere, export earnings to the United States soared by 26.9% to reach more than US$86 million, while exports to the EU market fell by 8.2% to US$473.7 million year on year.

These figures indicate that EU is Vietnam’s largest coffee export markets, accounting for nearly 40% of total exports.