Vietnam is the largest pepper supplier to the US market, exporting 267,000 tons of pepper worth 912 million USD last year due to advantages from EVFTA and high quality products. The US has reduced imports of pepper from India and Vietnamese pepper prices have increased by about 30%, leading to a low level of pepper exports and shrinking growing areas in Vietnam. The processing capacity and quality of Vietnamese pepper is highly appreciated, but the domestic supply is no longer abundant, leading to higher prices.
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Original content
Vietnam also holds the position of the largest pepper supplier to the US market. According to the General Department of Customs, last year, Vietnam exported 267,000 tons of pepper, an increase of 16.6% in volume. Estimated value is 912 million USD. According to the Vietnam Pepper and Spice Association (VPSA), Vietnamese pepper has an advantage over some countries such as Indonesia, Malaysia, India, Sri Lanka, Cambodia... thanks to advantages from EVFTA. Currently, the import tax on ground or crushed pepper exported to the EU is reduced from 4% to 0%. In addition, the US has reduced imports of pepper from India while Vietnamese products have good prices and increasingly high quality, so they are favored by this country. Vietnam's pepper industry is also highly appreciated for its processing capacity with the rate of processed goods accounting for about 30% of total export turnover. It is forecast that pepper exports will remain at a low level, because domestic supply is no ...
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