Vietnam: Exports of turmeric, garlic, and ginger soared

Published Jul 16, 2024

Tridge summary

Vietnam is the world's leading spice exporter, with a revenue of approximately 1.5 billion USD per year, primarily driven by pepper. Other spices such as ginger, garlic, turmeric, and chili have also seen significant increase in demand. However, the pepper production is expected to decrease by 10-15% due to tree destruction, and the industry faces challenges like quality control and chemical residues. The Vietnam Pepper and Spice Association has requested the Ministry of Agriculture and Rural Development to develop solutions to meet market demands and address the issues of chemical residues in various spice crops.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnam has affirmed its position as the world's top spice exporter, reaching a turnover of about 1.5 billion USD per year. Among them, pepper ranks first with a 5-month export turnover of nearly half a billion USD, an increase of 21% over the same period in 2023. In addition to pepper, this year recorded a breakthrough in other spices such as ginger, garlic, turmeric. Data from Customs shows that turmeric exports reached 3 million USD, an increase of 14 times over the same period last year; ginger reached 5.6 million USD, an increase of nearly 9 times and garlic reached 4.7 million USD, an increase of 3 times. Similarly, Vietnamese chili is also increasingly purchased by many countries. In the first 5 months of the year, export turnover of this product was about 44.5 million USD, up 10% over the same period last year. In contrast, cinnamon export turnover decreased by more than 4% to 96 million USD, and anise decreased by 15% to 27.3 million USD. Industry experts believe that ...

Source: VNExpress