Datafrom the China Tea Marketing Association (CTMA) and US Census Bureau reveal an overall adjustment in volumes exported and overall declines in US imports of tea from across the globe.
CHINA EXPORTS
Chinese exports of tea increased over March volumes and over April 2019 numbers. Compared to the previous year, this April saw an 18.8% gain in volume and a 37% gain in dollar value. This reflects a general re-balancing of exports for the quarter. Q1 of 2019 saw 110,500 metric tons exported compared to a total 108,400 in Q1 2020.
US IMPORTS
For imports brought in under the 0902 HS code, the US saw a 13.4% decline in import volume compared to April of the previous year. A further breakdown shows black tea losing 10.5% and green dropping by 17.3%. Some of the biggest percentage losers were teabag teas and those packed in smaller units.
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