Export of rice posts highest growth among key agricultural products
Export of rice posts highest growth among key agricultural products (Photo: VNA)
Rice exports in April 2023 were estimated at 1.1 million tonnes with a value of 573.9 million USD, the Ministry of Agriculture and Rural Development reported.
The April figures have brought the total volume and value of rice exports in the first four months of the year to 2.95 million tonnes with 1.56 billion USD, up 43.6% in volume and 54.5% in value over the same period in 2022. This is the highest growth rate among key agricultural product groups.
Some other agricultural products also posted higher export value than the same period last year such as vegetables and fruits (up 19.4%), cashew nuts (3.4%) and coffee (2.5%).
Meanwhile, exports of other products experienced a downward trend including rubber (down 20%); tea (5.8%); pepper (10%) and cassava and cassava products (12%).
The average export price of rice in the first 4 months of 2023 was estimated at 526 USD per tonne, up 7.6% over the same period in 2022. In the first three months of the year, the Philippines was Vietnam's largest rice consuming market with 45.9% market share, buying 893,300 tonnes valued at 450.4 million USD, up 32.9% in volume and 44.8% in value year on year.
In the group of 15 largest rice export markets, Indonesia recorded the strongest increase in value (up 177.4 times), while Ivory Coast showed the largest decrease of 70.9%.
Vietnam's 5% broken rice price was 495-500 USD per tonne, the highest level since April 2021 and up 50 USD per tonne from a month ago.
Traders said that demand for Vietnamese rice is still strong, while domestic supply is insufficient. However, importers including the Philippines are likely to slow down in buying./.
Related News

Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday
14:09 | 05/02/2025 Customs

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion
09:58 | 06/02/2025 Import-Export

Exports sets a record US$ 400 billion
08:07 | 24/01/2025 Import-Export

Highlights of imports and exports in 2024
20:30 | 25/01/2025 Import-Export
Latest News

Sustainable fashion presents promising niche market for textile manufacturers
08:22 | 10/02/2025 Import-Export

VN's car industry to diversify supply chain
15:33 | 07/02/2025 Import-Export

Exports of agro-forestry-aquatic products down nearly 5 per cent in January
15:32 | 07/02/2025 Import-Export

Thailand reviews anti-dumping tax on Vietnamese steel
14:15 | 06/02/2025 Import-Export
More News

Pangasius fetch record price in early 2025
14:06 | 05/02/2025 Import-Export

Việt Nam and India trade reached $15 billion in 2024
14:05 | 05/02/2025 Import-Export

Việt Nam's port firms thrive in 2024
14:04 | 05/02/2025 Import-Export

Software exporter looks to new pace of growth
07:58 | 04/02/2025 Import-Export

Việt Nam's exports to EU see impressive recovery in 2024
07:56 | 04/02/2025 Import-Export

Việt Nam–CPTPP trade turnover exceeds $100 billion
14:28 | 03/02/2025 Import-Export

E-commerce, a game changer for textile manufacturers
19:04 | 01/02/2025 Import-Export

China remains the largest market for Việt Nam’s cassava and cassava products
20:57 | 31/01/2025 Import-Export

Hải Phòng seaport system strives to handle 112 million tonnes of cargo this year
20:54 | 30/01/2025 Import-Export
Your care

Sustainable fashion presents promising niche market for textile manufacturers
08:22 | 10/02/2025 Import-Export

VN's car industry to diversify supply chain
15:33 | 07/02/2025 Import-Export

Exports of agro-forestry-aquatic products down nearly 5 per cent in January
15:32 | 07/02/2025 Import-Export

Thailand reviews anti-dumping tax on Vietnamese steel
14:15 | 06/02/2025 Import-Export

In the first 15 days of 2025, total import-export turnover reached more than US$34 billion
09:58 | 06/02/2025 Import-Export