August Tea Report: China Exports & US Imports

August numbers for China tea exports and US tea imports under HS codes 0902 show declines:

CHINA EXPORTS

Data from the China Tea Marketing Association reveals a 20.4% decrease in exports over the previous August.

• Average export price increased to $6.19/kg, a 11.51% increase over August 2019
• Total exports for the year are down 4.8% over the previous 2019 period
• Green tea accounted for about 84% of export volume
• Exports of all forms of tea (eg. green, black, wulong, etc), except pu'er, saw declines

US IMPORTS

US Census Bureau statistics released show import volumes are also down:

US import volumes are down 30.5% for the year, and down 28.7% vs August 2019:

• Black tea volumes saw some rebound of the previous 3 month decline
• Some packaged teas saw gains in volume, value, or both over the previous August
• Total tea imports from worldwide decreased by 6.4% over August 2019 and dropped 12.9% for the year