Local peppers enjoy boost in exports to Germany

The export of Vietnamese pepper to the German market witnessed an increase during the first five months of the year, while the European nation simultaneously reduced their imports of the agricultural product from Brazil.

According to the statistics released by the International Trade Commission, Germany imported 5,373 tonnes of pepper worth US$11.88 million from Brazil throughout the reviewed period, representing a decline of 13.8% in volume and 23% in value in comparison with the same period from last year.

This has come alongside the Central European country increasing imports of Vietnamese pepper, with the import volume reaching 4,907 tonnes worth US$13.49 million, marking a year-on-year rise of 19.7% in volume and 0.1% in value.

Most notably, Vietnam's market share of pepper in overall German imports during the reviewed period enjoyed an increase from 31.4% in 2019 to 39.2% this year.

According to figures compiled by the Import and Export Department under the Ministry of Industry and Trade, Vietnam raked in US$45 million from exporting 18,000 tonnes of pepper during August, bringing the eight-month export turnover to US$445 million, an on-year fall of 7.4% in volume and 19.9% ​​in value.

Furthermore, August saw the average export price of pepper surge by 0.4% to US$2,500 per tonne from the previous month, bringing the average eight-month export price to US$2,198 per tonne, a year-on-year drop of 13.5% compared to the corresponding period from last year.

Moreover, exports of ground black peppers to major markets such as the United States, the UK, the Netherlands, Japan, Australia, Thailand, Sweden, China, and the Republic of Korea recorded robust growth, with the export of the item to both Germany and Chile skyrocketing by 353.8% and 273.3%, respectively, according to the General Department of Vietnam Customs.