Vietnam exported more than 406,000 tons of coffee as of March 15 this year, earning $2.28 billion, according to the Vietnam Customs.

The figures represent a year-on-year decrease of 18% in volume but an increase of 41% in value.

The value increase was attributed to the rising export prices, hitting an average of $5,614 per ton in the first quarter of the year, skyrocketing 73% compared to the same period of 2024.

Germany was Vietnam's biggest export market with a value of $278 million, up 79% year-on-year; followed by Italy with $171 million, 31%; Japan $127 million, 56%; the US $120 million, 53%; and Spain $117 million, 29%.

The total coffee export value is expected to reach $8 billion this year, according to the Vietnam Coffee and Cacao Association (Vicofa).