Vietnam: Rice exports in the first 6 months of 2023 grow well

Published Jul 13, 2023

Tridge summary

In June 2023, Vietnam's rice exports decreased in volume and turnover but increased slightly in price compared to May 2023. Rice exports to the Philippines and Chinese markets also declined significantly. However, for the first six months of 2023, the country's rice export volume and turnover increased compared to the same period in 2022. The Philippines remained the largest market for Vietnam's rice consumption, followed by China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to preliminary statistics of the General Department of Customs, in June 2023 the whole country exported 617,998 tons of rice, equivalent to 340.77 million USD, the average price was 551.4 USD/ton, down 14.7% in volume and decreased 12.8% in turnover but increased slightly by 2.3% in price compared to May 2023; Compared to June 2022, it also decreased by 14.9% in volume, decreased by 3.9% in turnover but increased by 13% in price. In June 2023, rice exports to the main market of the Philippines continued to decline sharply by 32.3% in volume and 31.9% in turnover but increased slightly by 0.6% in price compared to May 2023, reaching 166,421 tons, equivalent to 85.28 million USD, priced at 512.5 USD/ton; and also fell sharply by 53.2% in volume, down 49.9% in turnover, but increased by 7.2% in price compared to June 2022. Rice exports to the Chinese market in June 2023 also fell sharply by 64.3% in volume and 63.2% in turnover compared to May 2023, reaching 44,918 tons, ...

Source: Vinanet