Vietnam's star anise exports to India increased by 178% in March

Published 2024년 4월 12일

Tridge summary

In March, Vietnam witnessed a significant surge in star anise exports, reaching a record 998 tons, a 79% increase from the previous year, with a value of 5.4 million US dollars. A notable 65% of these exports were to India, marking a 178% increase from the previous month. Despite this surge, the first quarter experienced a decline in export volume and value by 27% and 38% respectively, compared to the previous year. China and the United States remained significant markets, though exports to these countries also saw a decline. By 2023, Vietnam's star anise exports had grown by 26% year-on-year, reaching a value of 83 million US dollars and a quantity of 16,136 tons, with India becoming the largest market. The cultivation of star anise in Vietnam is mainly in Lang Son and Cao Bang Provinces, covering 40,000 hectares and producing over 16,000 tons annually.

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Original content

According to statistics from Vietnam, in March this year, Vietnam's star anise exports hit a record high of 998 tons, up 79% year-on-year, and the export value reached 5.4 million US dollars. Among them, exports to India reached 645 tons, up 178% month-on-month, accounting for 65% of Vietnam's total star anise exports. In the first three months of this year, Vietnam exported 2,435 tons of star anise, with an export value of 13.3 million US dollars, a year-on-year decrease of 27% and 38% respectively in quantity and amount. In terms of export markets, Vietnam's star anise exports to China were the largest, reaching 1,376 tons, A year-on-year decrease of 39%; the United States is the third largest export market for Vietnamese star anise, with exports to this market reaching 212 tons, a year-on-year decrease of 16%. In 2023, the total export value of Vietnamese star anise reached 83 million US dollars, and the quantity reached 16,136 tons, an increase of 26% year-on-year. India is ...

Source: Foodmate