2022 coffee exports may hit record

Figures from the General Department of Vietnam Customs show that coffee exports brought in $2.8 billion in the first eight months of 2022, up 40 per cent over the same period of 2021. The Vietnam Coffee and Cocoa Association (VICOFA) has forecast that if the export price stays at the same high level as in the first half of the year, exports will hit a record $4 billion for the year as a whole. As one of 13 key agricultural products in Vietnam, coffee contributes 3 per cent of GDP.