Total rice export turnover in 2022 is estimated at 7.17 million tons, worth USD 3.49 billion with 3 export markets accounting for the largest turnover, i.e. the Philippines ranked first, China ranked second, and Ivory Coast ranked third.

According to the Rice Industry Report in December 2022 and 2022, the Information Center for Agriculture and Rural Development (Ministry of Agriculture and Rural Development) said that the volume of rice exported in December 2022 is estimated at 500,000 tons worth USD 257.2 million, an increase of 1.2% in volume and 0.9% in value over the same period in 2021.

Thus, the total rice export turnover for the whole year of 2022 is estimated at 7.17 million tons, worth USD 3.49 billion, an increase of 14.9% in volume and 6.2% in value over the same period last year.

In which, the Philippines is Vietnam's largest rice export market with 3.0 million tons, worth US 1.39 billion, accounting for 38.8% in volume and 42.9% in value of Vietnam's total rice exports in the first 11 months of 2022.

Compared to the same period in 2021, rice exports to the Philippines increased by 30.1% in volume and 18.0% in value. China ranked second with 807.9 thousand tons, worth USD 408.5 million, accounting for 16.3% in volume and 12.6% in value, a decrease of 19.2% in volume and 17.4% in value over the same period in 2021.

Ivory Coast ranked third with 655.6 thousand tons, worth USD 294.3 million, accounting for 6.0% in volume and 9.1% in value, an increase of 83.0% in volume and 61.3% in value over the same period in 2021.

According to the General Statistics Office, the rice area for the whole year is estimated at 7.1 million hectares, a decrease of 127.7 thousand hectares compared to the previous year because the crop industry continues to implement the Sector Restructuring Project. The sector will proceed to convert the inefficient or unbalanced rice land area to growing vegetables, crops, fruit trees or combining aquaculture to have higher economic efficiency.

Rice yield is estimated at 60.2 quintals/ha, decreased by 0.6 quintals/ha compared to the previous year. Rice production reached 42.66 million tons, decreased by 1.19 million tons, of which, decreased by 0.89 million tons due to a decrease in the area of land for rice cultivation and decreased by 0.3 million tons due to a decrease in productivity.

Although rice output in 2022 decreased compared to the previous year, it still met domestic consumption demand, ensured food security.
 

Kylie Nguyen