November 14, 2024 | 23:49 GMT +7

  • Click to copy
Saturday- 12:37, 07/05/2022

Pepper exports to Europe nearly doubled

(VAN) Pepper export to Europe in the first quarter of this year increased strongly in turnover and nearly doubled compared to the same period last year.
Vietnamese pepper export to the EU nearly doubled in the first quarter. Photo: TL.

Vietnamese pepper export to the EU nearly doubled in the first quarter. Photo: TL.

According to the Agency of Foreign Trade (Ministry of Industry and Trade), in the first quarter of this year, Vietnam's pepper export value to most market regions increased compared to the first quarter of 2021, except for Oceania, which decreased by 44.6 %. In which, the export speed of pepper to Europe increased the most (up 92.9%) and nearly doubled. Followed by America (up 63.5%); Africa (up 10.3%) and Asia (up 6.4%).

Thanks to such a strong increase, in the total pepper export turnover, the proportion of pepper export to Europe increased from 20.21% in the first quarter of 2021 to 28.08% in the first quarter of 2022. On the opposite side, the proportion of pepper export to Asia accounted for 33.99% of the total export value in the first quarter of 2022, lower than the 44.33% contribution of the first quarter of 2021.

Over the last first quarter, a number of single markets in Europe had triple-digit growth in export turnover of Vietnamese pepper such as Germany, up 178.9%, the Netherlands up 100.1%.

In 2021, the EU imports of pepper from the world market reached EUR 413.74 million ($438.56 million), an increase of 28.3% compared to 2020. In which, the EU imported pepper from Vietnam reached EUR 123 million (USD 130.45 million), up 46.9% compared to 2020. Vietnam's pepper market share accounts for 29.75% of the total import value of the EU, higher than the 25.98% contribution in 2020.

The Agency of Foreign Trade forecasts that in 2022, the EU will continue to increase pepper import from Vietnam.

Author: Son Trang

Translated by Hoang Duy

Production unit codes open the door for fruit exports

Production unit codes open the door for fruit exports

(VAN) The assignment of production unit codes is a mandatory requirement, akin to a "passport," that enables the exportation of numerous specialty fruits from Hau Giang to demanding markets.

China’s soybean production, imports steady

China’s soybean production, imports steady

(VAN) If realized, production would be up slightly from a projected 19.7 million tonnes 2023-24.

China - Hong Kong has become the largest market for Vietnam's seafood exports

China - Hong Kong has become the largest market for Vietnam's seafood exports

(VAN) Vietnam's seafood exports to China saw strong growth in the first 10 months of the year, making China - Hong Kong the largest market for Vietnamese seafood exports.

Enhancing the quality of Vietnamese products in FTA markets

Enhancing the quality of Vietnamese products in FTA markets

(VAN) The trade deficit has decreased after 15 years of encouraging Vietnamese citizens to prioritize the use of Vietnamese products, and there has been a consistent trade surplus since 2016.

Fertilizer exports regain growth momentum

Fertilizer exports regain growth momentum

(VAN) After a sharp decline in 2023, fertilizer exports have regained growth this year, both in volume and value, although export prices are still on a downward trend.

Seafood exports in 10 months reaching over USD 8.3 million, opstimistic to hit the target

Seafood exports in 10 months reaching over USD 8.3 million, opstimistic to hit the target

(VAN) Despite the numerous obstacles, Vietnam is confident that its seafood export turnover will surpass 10 billion USD in 2024.

Opportunities for seafood exports to the US under Donald Trump's administration

Opportunities for seafood exports to the US under Donald Trump's administration

(VAN) The United States is the largest market for Vietnamese seafood. Exports to this market will present both opportunities and challenges with Donald Trump's return to the presidency.

Read more