Vietnam has reached a significant milestone in its agricultural exports, surpassing $1 billion in pepper exports for the first time in a decade. According to the General Department of Customs, the country exported 18,415 tonnes of pepper in October, valued at $120.6 million. This marks a 7.7% increase in volume and a 9.1% rise in value from the previous month, reflecting robust demand for Vietnam’s premium pepper on the global market.
In total, Vietnam exported 218,732 tonnes of pepper in the first 10 months of 2024, worth $1.11 billion. While volume saw a slight decline of 3% compared to the same period last year, the value of exports surged by an impressive 47%, driven by a notable 51.5% rise in the average export price, which reached $5,077 per tonne. This growth in revenue underscores the increasing global demand for high-quality Vietnamese pepper.
The United States remains the largest market for Vietnamese pepper, accounting for nearly a third of export volume and revenue. Other key markets, including Germany, the UAE, and several Southeast Asian nations, also saw significant increases in both volume and value. These results demonstrate Vietnam’s expanding presence and competitiveness in the global spice trade.
Vietnam continues to lead the world in pepper exports, with the upcoming harvest estimated at 170,000 tonnes. The country’s success is supported by sustainable farming practices, such as organic cultivation and mixed farming, which enhance both productivity and environmental sustainability.
As Vietnam strengthens its position as the global leader in pepper exports, the country’s strategic focus on quality, innovation, and market expansion promises to drive continued growth in the coming years, benefiting both its agricultural sector and the global trade landscape.
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