What country is the second largest coffee exporter?
Vietnam, the world’s second-largest coffee exporter after Brazil, has achieved a historic milestone as its coffee exports rose by 61% in the first nine months of the year, reaching a value of US$6. THB 226 billion). Coffee is one of the most widely consumed beverages worldwide and ranks among the most traded commodities globally. It sustains the livelihoods of some 25 million farmers and creates additional employment throughout the coffee value chain.According to Statista, Finland leads the world with a jaw-dropping 11. That’s about four cups a day. Not far behind are Sweden, Iceland, and Norway, proving that in the north, coffee isn’t a treat, it’s a lifestyle.Brazil is unquestionably the king of coffee producing countries. It is the world’s largest producer and exporter of arabica variety coffee, with an ideal climate and a vast territory. The brazilian regions of minas gerais and são paulo are famous for their high-quality coffee plantations.
Is coffee the US second most valuable commodity import?
Coffee is not the U. S. While coffee is a major import, it doesn’t rank as high in value as other commodities. Its global significance is notable, but domestically, its financial ranking is lower. Coffee as a commodity is classified under soft commodities , a category that includes other grown products such as cocoa, cotton, and sugar.No. Although it is heavily traded and widely consumed throughout the world, coffee is not the most traded commodity in the world.
Is coffee the second most traded commodity after oil fact check?
The facts: According to MIT’s Observatory of Economic Complexity (OEC), coffee is the world’s98th most-traded product. Green coffee comes in at 114, while roasted coffee ranks 301st. All data appears to be from 2015. In fact, coffee isn’t even the world’s second-most traded agricultural product. Coffee’s Position by Dollar Value The global coffee market is a multi-billion dollar industry. While precise rankings vary slightly depending on the source and year, coffee’s substantial export value places it firmly within the top 20-30 globally traded commodities by value.Known for: Clear, sweet, medium-bodied, and low-acid coffee. Distinctive details: Brazil is the top coffee-producing country in the world by volume, growing both arabica and robusta. With hundreds of thousands of coffee plantations across many states, a third of all the world’s coffee comes from Brazil.Our coffee, our why Starbucks proudly sources 100% arabica coffee from more than 450,000 farmers in 30 markets along “The Coffee Belt” – in Latin America, Asia Pacific and Africa. Our buyers, based in Lausanne, Switzerland, scour the globe for the finest coffees, including our premium, single-origin Reserve selections.Situated in South America, Brazil is the top producer of coffee. They produce 2,68 million metric tons of coffee on average every year. Brazil has also held onto its first-place position as the world’s largest coffee producer for over 150 years. India is now the seventh-largest coffee producer globally with exports reaching $1. FY 2023-24, almost double the $719. India’s coffee exports have grown significantly due to the increasing global demand for its rich and unique flavors.As per India export data, the largest exporter in India is Reliance Industries, with an export value of 15%. The top export companies in India include Reliance Industries, Tata Steel, Sun Pharma Industries, Rajesh Exports, and Tata Motors.Major coffee importing countries worldwide 2024. The United States imported around nine billion U. S. Germany followed in second place, importing around 5. U. S.
What is the most traded commodity in the world 2025?
Oil leads! Top 10 Most Traded Commodities in 2025 From energy to agriculture to metals, commodities remain the backbone of the global economy and international trade. The biggest commodity traders include multinational companies like Glencore, Vitol, and Trafigura. These companies dominate the market with their vast trading volumes in energy, metals, and agricultural products.Crude oil, for example, is widely considered the largest traded commodity in the world, given its central role in powering economies. But the list of traded commodities extends far beyond energy. Agricultural products like wheat, soybeans, and coffee sit alongside metals such as gold, silver, copper, and palladium.Gold, like crude oil, is one of the most traded commodities. Many variables impact the price of gold, including demand and supply, the movement of the US dollar, inflation, global uncertainty, central bank demand, and so on. Gold, like crude oil, is one of the most traded commodities.