Statistics from the Customs Department show that in February, Vietnam exported 14,331 tons of pepper, earning 97.3 million USD. Compared to the same period last year, the export of the commodity known as “black gold” of our country only increased by 5.4% in volume, while the value increased dramatically by 77.5%.

In the first two months of 2025, businesses exported 27,416 tons of pepper, worth 184.9 million USD (about 4,700 billion VND). Although the volume of pepper exported decreased by 11.6%, the value increased sharply by 48.5% compared to the same period last year.

Regarding export markets, the US is still the largest customer of Vietnamese pepper with a turnover of nearly 45 million USD. Next are Germany and India, with turnover reaching 19.2 million USD and 12.4 million USD respectively.

In China alone, import output increased by 86.6% compared to the same period in 2024.

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Vietnam's pepper export price is the highest in 8 years. Photo: Pacific Group

Notably, the average export price of “black gold” in the first two months of this year reached 6,746 USD/ton, a sharp increase of 68.2% compared to the same period in 2024. This is also the highest price in the past 8 years, since February 2017.

With positive signals from export markets as well as a strong price trend, the Vietnam Pepper and Spice Association (VPSA) predicts that the “black gold” commodity will have a prosperous year. Because the global output of this spice continues to decline, while consumption demand remains stable.

In Vietnam's pepper capitals, output is quite stable. In some localities such as Gia Lai, Binh Phuoc, Dong Nai, Ba Ria - Vung Tau, pepper prices have increased since the beginning of the year, encouraging farmers to boldly invest in caring for and restoring existing pepper gardens. This industry in our country is facing a "golden opportunity", creating a strong driving force for development.

According to VPSA, pepper exports in 2025 could bring in 1.5 billion USD - a historical record. On the global spice map, Vietnam still accounts for about 40% of pepper output and 55% of pepper export turnover.

With the world's largest warehouse, Vietnam's 'black gold' is soaring in price, during its golden age. Holding 40% of the output, Vietnam is the country with the world's largest 'black gold' warehouse. Last year, this spice grain's soaring price globally opened a new golden age for farmers.