In March alone, rice exports helped Vietnam earn nearly $509 million, a remarkable increase of 93.5% compared to the same period last year. China and the Philippines were among the countries that bought a large amount of Vietnamese rice.
According to preliminary statistics from the General Department of Customs, Vietnam’s rice exports in March 2023 earned nearly $509 million, a dramatic increase of 93.5% compared to March 2022. By the end of the first quarter of 2023, Vietnam had exported more than 1.85 million tons of rice, reaching $981.4 million, an increase of 23.4% in volume and 34.3% in value compared to the same period last year.
The average export price of rice in the first three months of 2023 is estimated to reach $531 per ton, an increase of 9.2% compared to the same period in 2022 – the highest level in the past 10 years. In particular, the average export price of rice to China reached $589 per ton, an increase of more than 18% compared to the same period last year.
The Philippines remains the largest customer of Vietnamese rice exports. In March, rice exports to this market reached $245.7 million, a remarkable increase of 295% compared to March 2022. Cumulatively in the first quarter of 2023, rice exports to the Philippines reached $450.4 million, an increase of nearly 45% compared to the same period last year, accounting for 45.8% of Vietnam’s total rice export value.
Vietnam’s rice exports increased sharply (Photo: Hoang Ha)
Related
Source: Vietnam Insider