Vietnam's 2023 Tea Exports: Lowest Output in 7 Years
- 280
- Business
- 16:14 15/01/2024
DNHN - In 2023, Vietnam’s tea exports are estimated to reach 121,000 tonnes, worth 211 million USD. This is also the year with the lowest tea export in the past 7 years.
The Import and Export Department (Ministry of Industry and Trade) announced the data of the General Department of Customs, stating that in the fourth quarter of 2023, Vietnam’s tea exports are estimated to reach 39.3 thousand tonnes, worth 70 million USD. This is an increase of 16.7% in volume and 18.1% in value compared to the third quarter of 2023, although it decreased by 22.1% in volume but still increased by 1.4% in value compared to the fourth quarter of 2022. The average price of tea exports in the fourth quarter of 2023 reached 1,778.9 USD/tonne, up 1.2% compared to the third quarter of 2023 and up 30.1% compared to the fourth quarter of 2022.
In summary, in 2023, Vietnam’s tea exports reached about 121,000 tonnes, worth 211 million USD, down 16.9% in volume and 10.9% in value compared to 2022. The average export price of tea in 2023 is estimated to reach 1,737.3 USD/tonne, up 7.3% compared to 2022, and 2023 is also the year with the lowest tea export output in 7 years.
The main reason for the sharp decline in Vietnam’s tea exports in 2023 is attributed to the decrease in market demand and the increase in import regulations in major tea export markets.
It is noteworthy that the type of tea exported from Vietnam is currently mainly raw tea, with low processing content. Most of the exported teas have recorded a similar decrease in the 11 months of 2023. Green tea is the type of tea leading in volume and value, reaching 52.6 thousand tonnes, worth 104 million USD, down 6.9% in volume and 1% in value compared to the same period in 2022. Next is black tea with 42.2 thousand tonnes, worth 57.2 million USD, down 16.1% in volume and 18.4% in value. Scented tea reached 3.5 thousand tonnes, worth 7.3 million USD, down 4.7% in volume but up 6.7% in value.
Except for the oolong tea group, which reached 1.1 thousand tonnes, worth 3.5 million USD, up 101.8% in volume and 106.5% in value compared to the same period in 2022.
Although the import value of tea from Vietnam in major markets in the world accounts for a low proportion, the tea industry still has the opportunity to expand its market share because the market demand is not high. However, to increase exports to important markets, the Import and Export Agency proposes that the Vietnamese tea industry should focus on producing safe tea, encouraging the application of high technology and biotechnology, supporting the linkage of production from tea growers to processing and consumption, as well as promoting and promoting trade. Diversifying products and focusing on high-value products are also identified as important development directions.
Hieu Dan
Related news
- VCBC Chairman Steve Bui: Incentives have run their course — Vietnam enters an institutional race to attract the next generation of FDI
- Vietnamese Journalism in the Age of AI: How can reporters survive in the profession?
- Dr. Samuel Feldberg warns of risks that could reshape the global economic order and shares strategic advice for Vietnamese businesses
- VINASME organizes training program on risk control for sustainable business development amid uncertainty
- Vietnam’s International Financial Center looks beyond tax incentives to compete
- Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
Đọc thêm Business
VCBC Chairman Steve Bui: Incentives have run their course — Vietnam enters an institutional race to attract the next generation of FDI
VCBC Chairman Steve Bui analyzes Vietnam's next-generation FDI strategy, stressing that the country must now compete on institutional quality, innovation, and stronger linkages between foreign and domestic enterprises.
Vietnamese Journalism in the Age of AI: How can reporters survive in the profession?
Few professions have faced a transformation as profound as journalism is experiencing today.
Businesses under pressure: Capital and talent shortages threaten competitiveness
The Vietnam Institute of Economics and World Affairs (VIEWA) recently held a working session with the Vietnam Association of Small and Medium Enterprises (VINASME) as part of a policy research and business support initiative.
Dr. Samuel Feldberg warns of risks that could reshape the global economic order and shares strategic advice for Vietnamese businesses
Geopolitical tensions, technological transformation, trade fragmentation, and financial uncertainty are reshaping the global economy at an unprecedented pace.
VINASME organizes training program on risk control for sustainable business development amid uncertainty
In the context of a rapidly changing economy, increasing competition, and accelerating digital transformation, risk management capability has become a critical factor determining the resilience and sustainable growth of businesses, particularly SMEs.
Vietnam’s International Financial Center looks beyond tax incentives to compete
What makes a city an international financial center? Is it skyscrapers, massive capital flows, or generous tax incentives?
CEO Nguyễn Tất Tùng: only by anchoring in culture and preserving national identity can Vietnamese entrepreneurs reach the world
In a setting imbued with the rich cultural essence of Kinh Bắc, the 15th anniversary celebration of Dragon Travel was far more than a typical corporate event.
Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
On the morning of April 21, at the Ministry of Science and Technology, the Agency for Technology Entrepreneurship and Commercialization Development announced the 2026 innovation agenda aligned with the National Strategy for Startup and Innovation.
Building and accumulating intangible assets: a sustainable competitive advantage
In an intellectually vibrant afternoon of the business community, a seemingly old question was raised again in a way that made the entire audience rethink from the beginning.
From cost optimization to “survival optimization”: Vietnamese firms confront supply chain volatility
A fresh surge in domestic fuel prices is not only squeezing household budgets but also triggering a quiet yet profound wave of concern across Vietnam’s business community.