The Ministry of Industry and Trade cited statistics of the Statistical Office of the European Communities as saying that the market share of Vietnamese coffee in Spain's total imports from the global market accounted for over 30% in 2022.
Vietnam exported over 342,000 tonnes of coffee in the first two months of the year, earning 745 million USD, down 7% in volume and 9.5 percent in value year-on-year.
Spain is the 8th largest trading partner of Vietnam in the EU, and the 8th biggest importer of Vietnamese goods.
Last year, two-way trade between Vietnam and Spain hit 3.54 billion USD, 13% higher than that recorded in 2021. This was the highest growth rate ever.
The two countries have witnessed the sound development of bilateral relations and there is a bright prospect for the two sides to further expand their relationship, especially in economic, trade, and investment cooperation.
Spain's coffee sector is forecast to grow by 6.84% in the 2022-2025 period, therefore there is ample room for Vietnamese coffee exporters to exploit the European market.
