HCMC- Vietnam’s coffee exports reached a record-breaking US$1.08 billion in February, with 193,031 tons shipped, marking the first time monthly exports have surpassed the US$1-billion mark.
In the first two months of this year, total coffee exports amounted to 343,331 tons, generating more than US$1.87 billion, according to the Vietnam Coffee and Cocoa Association (VICOFA).
Of this, raw coffee accounted for 315,615 tons worth over US$1.65 billion.
Nguyen Nam Hai, chairman of VICOFA, attributed this surge to rising global prices and a proactive export strategy, with foreign-invested enterprises contributing 27% of total output.
A sharp increase in export prices played a significant role, with the average price in the first two months reaching US$5,574.5 per ton, up 76.3% year-on-year. In February alone, prices hit a record high of US$5,596 per ton.
Germany, Italy, and Japan remained Vietnam’s top coffee buyers, accounting for 16.6%, 9.4%, and 8.2% of total exports, respectively. Compared to the same period last year, export value to Germany increased by 53%, Italy by 5.6%, and Japan by 10.4%.
Deputy Minister of Agriculture and Environment Phung Duc Tien said that with this strong growth momentum, coffee exports could exceed US$6 billion in 2025.
He encouraged domestic enterprises to invest in advanced processing technology, expand into new markets, and adapt to global market fluctuations. The ministry is also working with VICOFA and businesses to develop a long-term strategy to enhance the brand value of Vietnamese coffee.
