October Tea Report: 2024 China Exports & US Imports

Data from the China Customs and the US Census Bureau (GATS) was recently published regarding China exports and US imports of tea for October 2024.

CHINA EXPORTS

HIGHLIGHTS INCLUDE

• October total export volume INCREASED 16.4% year on year
• YTD totals are UP 1.1% over last year
• Exports of YTD GREEN tea volume INCREASED 4.6% over YTD 2023
• Average prices DECREASED 21.1% over the previous October to $3.66/kg

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US IMPORTS

HIGHLIGHTS INCLUDE

• YTD total imports from CHINA are UP 15.1% over 2023
• Average price for imports from CHINA was $5.10/kg, DOWN 3.0% over October 2023
• 30.8% of YTD GREEN tea import (volume) was from China
• YTD imports of GREEN from China are UP 19.0%
• 47.4% of the month’s US ORGANIC tea import volume was from China (29.3% YTD)