In the first 7 months of 2024, Vietnam exported 10,656 tons of rice to Ukraine with a value of more than 6.8 million USD, an increase of 3,951% in volume and 3,420% in value over the same period.
According to preliminary statistics of the General Department of Customs, Vietnam’s rice exports in July reached more than 751 thousand tons, worth more than 451 million USD, up 46.3% in volume and 39.7% in turnover.
Rice exports to Ukraine increased nearly 40 times. Source: Internet
Accumulated in the first 7 months of the year, Vietnamese rice has earned 3.3 billion USD with more than 5.3 million tons, up 27.7% in volume and 27.7% in turnover over the same period in 2023. Export prices reached an average of 601 USD/ton, up 18% in price compared to 7 months of 2023.
Among the markets, Vietnam’s rice exports the most to the Philippines with 2.3 million tons, equivalent to more than 1.4 billion USD, up 19% in volume and 44% in turnover over the same period last year.
In 2nd place is the Indonesian market with more than 778 thousand tons, equivalent to more than 481 million USD, up 29% in volume and 61% in value compared to the first 7 months of 2023.
Malaysia is the 3rd largest market for Vietnamese rice with more than 529 thousand tons, with a turnover of more than 314 million USD, a sharp increase of 129% in volume and 176% in turnover over the same period in 2023.
Notably, besides these 3 main markets, Ukraine is sharply increasing Vietnam’s rice imports with a continuous 4-digit growth rate since the beginning of the year. Specifically, in the first 7 months of the year, our country exported 10,656 tons of rice to Ukraine with a turnover of more than 6.8 million USD, an increase of 3,951% in volume and 3,420% in value over the same period last year.
With many positive signals, especially the markets of potential rice importing countries in the region are directing their purchasing power to Vietnam’s rice sources, Vietnam’s rice export activities are likely to continue to grow strongly.
According to rice exporters, countries such as the Philippines, Indonesia and some other countries have a stable high demand for rice imports for domestic consumption. Every year, these two countries alone can import 4 to 5 million tons. Most of their import sources are in Southeast Asian countries, including Vietnam.
The opportunity for rice export growth for Vietnam is even greater when this August, the Philippines’ policy of reducing rice import tax from the current 35% to 15% takes effect. Many businesses said that currently, customers from the Philippines and China through Vietnam negotiate a lot to buy large contracts…
With positive signals from rice export growth, according to businesses, in order to promote sustainable rice export efficiency, production linkage activities with farmers need to continue to be paid better attention to.
Source: Vietnamnet.vn
