Vietnamese rice exports to Europe increased sharply

Published 2022년 5월 11일

Tridge summary

The EU-Vietnam Free Trade Agreement (EVFTA) has significantly boosted Vietnamese rice exports to the EU, with the first quarter of 2022 seeing a fourfold increase in volume and a 4.3-fold increase in value compared to the same period in 2021. The rice exports reached over 30,000 tons in the first four months of 2022, generating a turnover of 23 million USD. Italy has emerged as the leading importer of Vietnamese rice, with the import turnover surging 26 times over the same period. Other key markets include Germany, France, the Netherlands, and Sweden. This success is attributed to Vietnamese enterprises leveraging the benefits of the EVFTA Agreement and the resilience of rice exports despite the epidemic and increased sea freight rates to the EU.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Additional more than 6.25 billion VND to clear illegal aquaculture establishments The EU-Vietnam Free Trade Agreement (EVFTA) has opened up unprecedented opportunities for Vietnamese rice. Statistics show that rice exports to the EU in the first 4 months of 2022 reached over 30,000 tons, with a turnover of 23 million USD. Particularly in the first quarter of 2022, Vietnam exported more than 22,500 tons of rice to this market, earning nearly 18 million USD, up nearly 4 times in volume and 4.3 times in value over the same period in 2021. In the EU, Italy has risen to the top in importing rice from Vietnam, with import turnover increasing 26 times over the same period. Some other key markets are Germany, France, the Netherlands, Sweden... According to the Import-Export Department (Ministry of Industry and Trade), this result shows that enterprises have effectively ...

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