Vietnam remains seventh largest tea supplier to US

30-Nov-2021 Intellasia | VOV | 5:02 AM Print This Post

Vietnam held its place as the seventh largest tea supplier to the United States during the past nine months of the year with 4,100 tonnes worth $5.7 million, according to the Ministry of Industry and Trade.

The figures represented a rise of 1.8 percent in volume and 7.9 percent in value against the same period last year, while the average import price of tea from the Vietnamese market also surged by 6.1 percent on-year to reach $1,404.8 per tonne.

Elsewhere, Argentina made up the largest tea supplier to the US during the nine-month period with 33,800 tonnes worth $43.7 million, followed by China with 8,800 tonnes worth $ 38.9 million.

Statistics from the United States International Trade Commission (USITC) indicate that the US imported 85,900 tonnes of tea worth $375.5 million throughout the reviewed period, a rise of 8.2 percent in volume and 14 percent in value compared to last year’s corresponding period.

Furthermore, the average price of imported tea in the US market increased by 5.3 percent on-year to $4,372.2 per tonne.

Black tea made up a major imported item to the US market with 72,400 tonnes worth $229.1 million, a rise of 9.2 percent in volume and 10.2 percent in value compared to the same period from last year.

The US imported the most black tea from markets such as Argentina and India, accounting for 55.4 percent of the total import volume of black tea to the US market in the reviewed period.

Vietnam became the sixth largest supplier of black tea to the US, with the import volume and value of black tea from the Vietnamese market enjoying an upward trajectory.

However, the US’ green tea imports from the country saw a decrease in terms of both volume and value with 500 tonnes worth $952,000, a drop of 22.7 percent in volume and down 8.2 percent against the same period from last year.

https://en.dangcongsan.vn/economics/vietnam-remains-seventh-largest-tea-supplier-to-us-587748.html

 

Category: Economy, Vietnam

Print This Post

Comments are closed.