According to the Vietnam Pepper and Spice Association (VPSA), pepper export revenue reached $71.8 million in the first half of August 2025, bringing the total export value since the beginning of the year to $1.06 billion as of August 15.

Data from the Ministry of Agriculture and Environment shows that in the first seven months of 2025, Vietnam exported 145,300 tonnes of pepper, generating $991.1 million. This marks a 11.6% decrease in volume but a 29.9% increase in value compared to the same period in 2024.

The average export price during this period was estimated at $6,823.2 per ton, up 46.9% year-on-year.

The US, Germany, and India were the top three importers of Vietnamese pepper, accounting for 26%, 8.9%, and 7.3% of total exports, respectively. Compared to the same period last year, export value to the US rose by 28.4%, to Germany by 56.7%, and to India by 76.5%.

Among the 15 largest export markets, the UK recorded the strongest growth, with export value increasing 2.1 times, while the United Arab Emirates saw the sharpest decline, down 18.1% year-on-year.

Despite the US imposing a 20% tariff on Vietnamese goods—double the rate of previous months—pepper prices have continued to rise and remain at high levels.

VPSA forecasts that global pepper prices will continue to rise in the second half of 2025, driven by increased demand from major markets, creating favorable conditions for Vietnam’s pepper exports.

While export volume is expected to decline to around 220,000 tonnes from 250,000 tonnes in 2024, the higher prices are projected to push total export revenue to $1.4 billion. However, due to the US tariff, the net value for the industry will likely be around US$1.3 billion, roughly equivalent to last year.