Vietnam's turmeric, garlic and ginger exports surge

Published Jul 20, 2024

Tridge summary

Vietnamese spice exports have seen a significant increase in the first five months of this year, with turmeric, ginger, and garlic showing notable growth, and chili peppers experiencing a 10% rise in export value. However, cinnamon and fennel exports have declined. This growth is driven by reduced global supply and higher demand from countries like the United States, China, and Japan. Despite being the third-largest spice exporter globally, Vietnam faces challenges such as the need for specific export measures and addressing chemical residues in products. The Vietnam Pepper and Spice Association has called on the Ministry of Agriculture and Rural Development to take actions to meet market demands and ensure product safety.

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

Original content

Statistics from the General Department of Vietnam Customs show that in the first five months of this year, turmeric exports reached US$3 million, a 13-fold increase year-on-year; ginger reached US$5.6 million, an eight-fold increase year-on-year; garlic reached US$4.7 million, a two-fold increase year-on-year. In addition, Vietnamese chili peppers were also purchased by many countries. In the first five months of this year, the export value of this product was about US$44.5 million, an increase of 10% year-on-year. The export value of cinnamon showed a downward trend, reaching US$96 million, a decrease of 4%; the export value of fennel reached US$27.3 million, a decrease of 15% year-on-year. Industry experts said that the export value of various spices increased sharply in the first five months of this year due to the reduction of world supply. Less. In addition, the demand for spices reserves in the United States, China, Japan and other countries has increased significantly. ...

Source: Foodmate