Vietnam December rice exports up 19.9% y/y at 590,000 T

HANOI: Vietnam exported 590,000 metric tons of rice in December, up 19.9% from the same month a year earlier, government data released on Monday showed.

January 6, 2025

https://www.brecorder.com/news/40341256/vietnam-december-rice-exports-up-199-yy-at-590000-t

For all of last year, the country exported 9 million tons of rice, up 11% from 2023.

Rice export revenue over the year rose 21% to $5.6 billion, the General Statistics Office said.

According to the latest statistics from the Ministry of Agriculture and Rural Development, rice exports in 2024 will reach 9 million tonnes for the first time, bringing in $5.8 billion, an increase of 10.6% in volume but up to 23% in quantitative value. 2023.

https://congthuong.vn/gia-lua-gao-hom-nay-ngay-51-va-tuan-qua-giam-sau-368009.html

The average export price of rice in 2024 will also be 16.7% higher than in 2023. This is an extremely impressive advance after 35 years since Vietnam began exporting rice. Vietnam currently ranks third in the world for rice exports, after India with 17 million tonnes and Thailand with 10 million tonnes.

In particular, the Philippines is currently Vietnam’s largest consumer market for rice, with 3.6 million tonnes, accounting for 40% of Vietnam’s total rice exports and over 79% of the 3.68 million tonnes of rice imported from the Philippines.

The next largest markets are Indonesia and Malaysia. Of Vietnam’s 15 largest rice export markets, the value of rice exports has risen the most in the Malaysian market, with a 2.3-fold increase over 2023.