Vietnam July rice exports increasing, up 6.6% but coffee exports down 4.5% m/m

HANOI, Aug 15 (Reuters): Vietnam's coffee exports in July were down 4.5% from June at 122,293 tonnes, while rice exports in the same period rose 6.6% against the preceding month, government customs data released has showed.

For the first seven months of 2021, Vietnam exported 965,883 tonnes of coffee, down 8.1% from a year earlier, Vietnam Customs said in a statement.

Coffee export revenue in the January-July period fell 0.1% to around $1.78 billion, it said.

Meanwhile, Vietnam's rice exports in June rose 6.6% from the previous month at 464,792 tonnes, the statement said.

The country's rice exports in the first seven months fell 12.7% year on year to 3.5 million tonnes, it said.

Meanwhile, Vietnam also reported a trade deficit of US$1.25 billion in July, widening from a deficit of US$500 million in June, government customs data released on Wednesday showed.

Exports in July rose 2.4% from June to US$27.86 billion, while imports were up 5.3% to US$29.11 billion, the Customs Department said in a statement.

For the first seven months of this year, exports rose 26.2% from a year earlier to US$186.35 billion, while imports were up 35.8% to US$188.76 billion, resulting in a trade deficit of US$2.41 billion for the period, it said. - Reuters

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