Local peppers enjoy boost in exports to Germany
According to the statistics released by the International Trade Commission, Germany imported 5,373 tonnes of pepper worth US$11.88 million from Brazil throughout the reviewed period, representing a decline of 13.8% in volume and 23% in value in comparison with the same period from last year.
This has come alongside the Central European country increasing imports of Vietnamese pepper, with the import volume reaching 4,907 tonnes worth US$13.49 million, marking a year-on-year rise of 19.7% in volume and 0.1% in value.
Most notably, Vietnam's market share of pepper in overall German imports during the reviewed period enjoyed an increase from 31.4% in 2019 to 39.2% this year.
According to figures compiled by the Import and Export Department under the Ministry of Industry and Trade, Vietnam raked in US$45 million from exporting 18,000 tonnes of pepper during August, bringing the eight-month export turnover to US$445 million, an on-year fall of 7.4% in volume and 19.9% in value.
Furthermore, August saw the average export price of pepper surge by 0.4% to US$2,500 per tonne from the previous month, bringing the average eight-month export price to US$2,198 per tonne, a year-on-year drop of 13.5% compared to the corresponding period from last year.
Moreover, exports of ground black peppers to major markets such as the United States, the UK, the Netherlands, Japan, Australia, Thailand, Sweden, China, and the Republic of Korea recorded robust growth, with the export of the item to both Germany and Chile skyrocketing by 353.8% and 273.3%, respectively, according to the General Department of Vietnam Customs.
Related News
Quang Ninh Customs seeks solutions to promote import and export
10:34 | 02/11/2024 Customs
Vietnam and UAE trade sees billion-dollar growth
07:15 | 03/11/2024 Import-Export
Opportunities for accelerating Vietnam's seafood exports
09:27 | 31/10/2024 Import-Export
Latest News
Import and export are expected to reach 800 billion USD
13:32 | 04/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
13:29 | 04/11/2024 Import-Export
Rice exports likely to set new record in 2024
13:25 | 04/11/2024 Import-Export
Vietnamese goods conquer halal market through trust and quality
09:57 | 04/11/2024 Import-Export
More News
Exporters urged to have strategies to take advantage of UKVFTA for expansion
17:33 | 03/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
17:29 | 03/11/2024 Import-Export
Sharing responsibility for ensuring security and safety of the supply chain
07:13 | 03/11/2024 Import-Export
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export
Lao Cai Customs sees a triple-digit surge in export-import turnover
10:37 | 02/11/2024 Import-Export
Your care
Import and export are expected to reach 800 billion USD
13:32 | 04/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
13:29 | 04/11/2024 Import-Export
Rice exports likely to set new record in 2024
13:25 | 04/11/2024 Import-Export
Vietnamese goods conquer halal market through trust and quality
09:57 | 04/11/2024 Import-Export
Exporters urged to have strategies to take advantage of UKVFTA for expansion
17:33 | 03/11/2024 Import-Export