Indonesia spends 53 times more money to buy Vietnamese rice, becoming the largest customer in September

Rice

Vietnam

Market & Price Trends

Published Oct 13, 2023

Tridge summary

In September 2023, Vietnam exported 605.4 thousand tons of rice, earning $377.9 million, a 3.8% increase in volume and a 37.3% increase in value compared to the same month last year. Indonesia surpassed the Philippines and China as the largest customer of Vietnamese rice in September, with exports reaching 166 thousand tons and $101.4 million. The average rice export price in Vietnam increased by 14% in the first 9 months of 2023, making Vietnamese rice the most expensive in the world, with a significant gap compared to Thai and Pakistani rice.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Preliminary statistics from the General Department of Customs, in September this year, Vietnam exported more than 605.4 thousand tons of rice, earning 377.9 million USD, a slight increase of 3.8% in volume but a strong increase of 37.3%. % in value compared to the same month last year. Notably, in September 2023, our country exported 166 thousand tons of rice to Indonesia, reaching 101.4 million USD, 53 times more than September 2022. Meanwhile, the export value to the Philippines and China is 62.7 million USD and 43.7 million USD, respectively. Accordingly, Indonesia officially surpassed the Philippines and China, becoming the largest customer of Vietnamese rice in September. By the end of September 2023, our country exported nearly 6.42 million tons of rice, with a value of 3.54 billion USD. Compared to the same period last year, rice exports increased 19.5% in volume and 35.9% in value. Regarding export markets, the Philippines is still the largest customer of Vietnamese rice. ...

Source: Vietstock