According to statistics from the Customs Department, in February, Vietnam exported 14,331 tons of pepper, earning $97.3 million. Compared to the same period last year, exports of this commodity, considered the "black gold" of our country, increased by only 5.4% in volume, while the value surged by a dramatic 77.5%.

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

Regarding export markets, the US remains the largest customer for Vietnamese pepper, with a turnover of nearly $45 million. This is followed by Germany and India, with turnovers of $19.2 million and $12.4 million respectively.

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

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Vietnam's pepper export prices are at their highest in eight years. Photo: Pacific Group

Notably, the average export price of "black gold" in the first two months of this year reached US$6,746 per ton, a sharp increase of 68.2% compared to the same period in 2014. This is also the highest price in the past eight years, since February 2017.

With positive signs from export markets and a strong upward price trend, the Vietnam Pepper and Spice Association (VPSA) forecasts that the "black gold" commodity will have a prosperous year. This is because global production of this spice continues to decline, while consumer demand remains stable.

In Vietnam's pepper-growing capitals, production remains fairly stable. In some localities such as Gia Lai, Binh Phuoc, Dong Nai, and Ba Ria - Vung Tau , the increase in pepper prices since the beginning of the year has encouraged farmers to boldly invest in caring for and restoring their existing pepper gardens. This industry in our country is facing a "golden opportunity," creating a strong impetus for development.

According to VPSA, pepper exports in 2025 could bring in $1.5 billion – a historical record. On the global spice map, Vietnam still accounts for about 40% of pepper production and 55% of its export value.

With the world's largest stockpile, Vietnam's 'black gold' is soaring in price, entering a golden age. Holding 40% of the world's production, Vietnam is the country with the world's largest 'black gold' stockpile. Last year, the global price surge of this spice has ushered in a new golden age for farmers.