Vietnam rice exports exceeded the 4 billion USD mark for the first time

According to the General Department of Customs, in the first half of November, Vietnam's rice exports reached 332 thousand tons, worth 219 million USD. Overall, from January 1 to November 15, the country's rice exports reached 7.37 million tons, worth 4,155 billion USD.

Thus, this is the first time in a year that Vietnam's rice export value exceeded the 4 billion USD mark. Previously, the rice export value reached its highest level in a year in 2011 with 3,518 billion USD.

The Philippines still ranks first in Vietnam's rice consumption. In the first 10 months of 2023, Vietnam rice exports to the Philippines reached nearly 2.63 million tons, worth nearly 1.41 billion USD, down 4% in volume but up 11% in turnover compared to the same period in 2022. The Philippines market accounts for 37.3% of the total rice volume and 35.7% of the country's total rice export turnover.

Behind the Philippines is the Indonesian market, accounting for over 14% of total rice volume and total turnover in the first 10 months of the year, reaching nearly 1.03 million tons, equivalent to 554.63 million USD, a sharp increase of 1.710% in volume and 1.908% in turnover compared to the same period in 2022.

The third largest market is China, reaching 883,967 tons, worth 510.63 million USD, up 16.7% in volume, and up 33.4% in turnover over the same period.