Vietnam: Rice exports to the EU in the first 4 months of 2022 reached over 30,000 tons thanks to EVFTA
Rice
Vietnam
Published May 21, 2022
Original content
Rice exports to the EU in the first four months of 2022 reached over 30,000 tons, with a turnover of $23 million. 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 of rice imports 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 businesses have effectively taken advantage of a number of advantages from the EVFTA Agreement. In order to increase the value of rice exports to the EU, especially in the context of complicated epidemics, sea freight rates to the EU increased sharply and rice imports from this market decreased in 2021. Commitments from the Agreement The EVFTA clearly states ...
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