Vietnamese Fresh Chili Peppers is a popular spice that adds a fiery kick to various dishes. With its vibrant red color and intense heat, this spice has gained recognition not only in Vietnam but also in international markets. As the world's largest exporter, China is rapidly increasing its import of this fruit from Vietnam.
Vietnamese spices are highly sought after by China, accounting for 90% of the production. The export of this spice has surged by over 100% in the first five months of the year. According to preliminary statistics from the Vietnam Pepper Association (VPA), in May, Vietnam exported 1,630 tons of chili peppers, generating a revenue of $3.1 million. Although the quantity increased by 1.1% compared to April 2023, there was an 8.8% decrease in revenue. By the end of May 2023, chili pepper exports reached 5,914 tons, earning $11.8 million, which represents a significant increase of 101.9% in quantity and 57.3% in revenue compared to the same period in 2022.
China is the largest customer for Vietnamese Fresh Chili Peppers. In May, the export of chili peppers to China reached 1,478 tons, and in the first five months of the year, it amounted to 5,362 tons, accounting for 90.7% of the market share. Laos follows with 398 tons, accounting for 6.7%. In 2022, Vietnam exported 4,904 tons of chili peppers, generating revenue of $11.9 million.
According to data from Statistics, global chili pepper production in 2020 was approximately 60 million tons, including both hot chili peppers and bell peppers. Asia is currently the largest chili pepper-producing region, accounting for around 80% of global production. The global chili pepper trade is valued at approximately $35 billion annually.
China is currently the leading country in both the production and trade of fresh chili peppers. The cultivation area for chili peppers in China exceeds 1.3 million hectares, representing 35% of the total global cultivation area. Chili peppers are widely used as a significant spice in Chinese cuisine.
In addition to culinary uses, chili peppers also have various medicinal benefits, such as promoting blood circulation, protecting the heart, reducing inflammation, and potentially combating cancer. Each year, China exports around 70,000 tons of chili powder and dried chili peppers to markets such as Spain, Mexico, the United States, and Southeast Asian countries.
China is not only a major importer of chili peppers but also a primary consumer market for many Vietnamese export industries. Therefore, the reopening of the Chinese market since the beginning of 2023 brings great expectations for businesses and industries, especially those related to fruits and vegetables, seafood, fiber, cement, rubber, steel, textiles, and rice.
According to statistics from the General Department of Customs, Vietnam's exports to the Chinese market in May 2023 reached over $4.8 billion, representing a 35.5% increase compared to the previous month. In total, exports in the first five months amounted to $20.3 billion, a 7.4% decrease compared to the same period last year.
Notably, China is one of the significant importers of Vietnamese fruits and vegetables. In May 2023, the export of fruits and vegetables to China exceeded $482 million, a nearly 110% increase compared to April 2023. Overall, in the first five months of the year, exports of fruits and vegetables to this market brought in over $1.28 billion, a 78.08% increase compared to the same period in 2022.
The increasing demand from China, coupled with the reopening of its market, presents a positive outlook for Vietnam's export industries, particularly in the agricultural and spice sectors. The trade relationship between China and Vietnam continues to thrive, fostering economic growth and cooperation between the two countries.
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