Vietnam exports 951 tons of star anise to India

Published 2024년 6월 14일

Tridge summary

Vietnam has seen a decrease in star anise exports, with a drop of 14.7% in quantity and 29.9% in value in the first five months of the year. Despite this, India remains the largest export market, followed by the United States and Bangladesh. Vietnamese star anise products dominate the Indian market, accounting for 80% of total imports. The preferential tariff policy of the ASEAN-India Free Trade Agreement also contributes to the export benefits. Vietnam is one of the largest producers of star anise, along with China, and is a major player in the global spice export market, particularly in pepper, cinnamon, and star anise.

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Original content

According to the Vietnam News Agency, in the first five months of this year, Vietnam exported 5,475 tons of star anise with a total export value of US$27.5 million, a year-on-year decrease of 14.7% and 29.9% respectively in quantity and value. In the first five months, India was still the largest export market for Vietnamese star anise, with an export volume of 3,360 tons, followed by the United States (399 tons) and Bangladesh (140 tons). India has the highest sales volume of cinnamon and star anise products in the world, and is also a major producer of medicinal materials. Vietnamese cinnamon and star anise products dominate the Indian market, accounting for 80% of the total imports. Vietnamese cinnamon is widely loved by Indian consumers due to its high essential oil content and unique aroma. In addition, Vietnam's exports to India benefit from the preferential tariff policy of the ASEAN-India Free Trade Agreement, especially because India has a large population and a huge ...

Source: Foodmate