What are the two Southeast Asian countries suddenly speeding up to buy a huge amount of rice from Vietnam?

Published 2023년 7월 2일

Tridge summary

In the first five months of 2023, the Philippines imported 1.5 million tons of rice from Vietnam, making Vietnam the largest rice supplier to the Philippines. Vietnam's rice exports to the Philippines accounted for 42.3% and reached a value of 772.4 million USD, showing a 31.1% increase compared to the same period in 2022. This increase in imports is driven by high import costs, the government's focus on domestic production, and the need to prepare for potential weather uncertainties caused by the El Nino phenomenon. Additionally, Indonesia has also increased its rice imports from Vietnam, with exports to Indonesia reaching more than $181 million, accounting for 9.5% of Vietnam's total rice exports in the first half of the year.

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

Original content

According to the Philippine Bureau of Statistics, in the first five months of 2023, the Philippines imported 1.5 million tons of rice from Vietnam, accounting for 89.6% of the total 1.62 million tons of rice imported into the country. this family. Vietnam continues to be the largest rice supplier to the Philippines. In the first 5 months of 2023, Vietnam exported 3.6 million tons of rice, of which rice exports to the Philippines reached 1.5 million tons, accounting for 42.3%. The Philippines continues to be the leading market for Vietnam's rice consumption. Vietnam's rice export turnover to the Philippines in the above period reached 772.4 million USD, up 31.1% over the same period in 2022. The Asia-Africa Market Department, despite previous forecasts about the possibility of the Philippines reducing rice imports in 2023 due to high import costs and the Government's orientation to develop domestic production for food self-sufficiency. Government of this country, the Philippines ...

Source: Danviet