Vietnam Jan coffee exports rise 9% y/y, rice up 4.2%

HANOI -- Vietnam's coffee exports in January are estimated to have risen 9% from a year earlier to 175,000 tonnes, while rice exports were likely up 4.2%, government data released on Saturday showed.

A man checks roasted coffee beans at a factory in Hanoi, Vietnam November 22, 2016. Photo: Reuters

Coffee

Coffee exports from Vietnam are estimated to have increased 9% in January from a year earlier to 175,000 tonnes, equal to 2.9 million 60-kg bags, the General Statistics Office (GSO) said on Saturday.

Coffee export revenue for Vietnam, the world's biggest producer of the robusta bean was up 40.9% to $395 million in the month.

Rice

Rice exports in January are estimated to have risen 4.2% from a year earlier to 360,000 tonnes.

Revenue from rice exports in the period was seen decreasing 4.3% to $182 million.

Energy

Vietnam's January crude oil exports were estimated to have fallen 49.6% from the same period last year to 180,000 tonnes.

Crude oil export revenue in the period was seen sliding 27.5% from a year earlier to $113 million.

Oil product imports in January were estimated at 700,000 tonnes, up 100.5% from the same period last year, while the value of product imports likely rose 180.9% to $384 million.

The GSO trade data is subject to revision next month.

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