ASEAN countries increase rice imports from Vietnam
Rice
Vietnam
Published May 10, 2022
Tridge summary
According to the Ministry of Industry and Trade, Vietnam's rice exports have a lot of room in ASEAN, because this is a market with a population of up to 700 million people, close geographical distance and many similarities in culture and lifestyle with Vietnam. Vietnam. Among ASEAN countries, the Philippines is Vietnam's largest rice export market. Specifically, in the first quarter, the Philippines continued to lead in terms of rice consumption of Vietnam, accounting for 45% of the total volume and 43% of the total rice export turnover of the country. Accordingly, rice exports to this market reached 672,136 tons, equivalent to 311 million USD, up 63% in volume and 41% in value over the same period in 2021. The price of rice exported to the Philippines reached 463 USD/ton . Besides the Philippines, Vietnamese rice is also exported to other important markets in ASEAN such as Malaysia, Singapore, Indonesia, and Brunei. In particular, in January, rice exports to the Malaysian market reached 34,925 tons, equivalent to 16 million USD, up 163% in volume and 156% in value compared to the previous year.
Original content
According to the Ministry of Industry and Trade, Vietnam's rice exports have a lot of room in ASEAN, because this is a market with a population of up to 700 million people, close geographical distance and many similarities in culture and lifestyle with Vietnam. Vietnam. Among ASEAN countries, the Philippines is Vietnam's largest rice export market. Specifically, in the first quarter, the Philippines continued to lead in terms of rice consumption of Vietnam, accounting for 45% of the total volume and 43% of the total rice export turnover of the country. Accordingly, rice exports to this market reached 672,136 tons, equivalent to 311 million USD, up 63% in volume and 41% in value over the same period in 2021. The price of rice exported to the Philippines reached 463 USD/ton . Besides the Philippines, Vietnamese rice is also exported to other important markets in ASEAN such as Malaysia, Singapore, Indonesia, and Brunei. Especially, in January, rice exports to the ...
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