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02 May 2019, Gergana Bencheva, EMIS Editor

Vietnam’s coffee exports to fall 13.5% y/y in Jan-Apr 2019

Vietnam's coffee exports are expected to drop by 13.5% on an annual basis to 629,000 tonnes for the first four months of 2019, Vian Macroeconomic News reported referring to data published by the country’s statistics bureau. The quality of exported coffee is equal to 10.48 million 60-kg bags.

Thus, it is estimated that Hanoi’s revenue from coffee export will decline by 22.6% on the year to USD 1.09 billion between January and April 2019. For the fourth month of the year alone, Vietnam’s coffee shipments are estimated at 140,000 tonnes and are calculated to be worth USD 235 million.

Also, the country’s rice exports for the four-month period are expected to drop by 7.9% year-on-year to 2.03 million tonnes. Crude oil exports are forecast to rise 22.8% to some 1.51 million tonnes, Vian Macroeconomic News noted.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: Vian Macroeconomic News

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