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Vietnam exported USD 347 million of rice in May, an increase of more than 25%

14/06/2022

In the first five months of the year, Vietnam exported nearly 2.8 million tons of rice, equivalent to over USD 1.35 billion, an increase of 6.6% in volume but a decrease of 4% in turnover compared to the same period in 2021.

The Philippines still ranks first in Vietnam's rice consumption, accounting for 45.9% of the total volume and 43.6% of the country's total rice exports and at 1.3 million tons, equivalent to USD 589.81 million. Compared to the same period last year, the volume increased by 34%, the turnover decreased by 12.7%.

The Chinese market ranked second, accounting for over 14% of the total volume and 15% of the total turnover, reaching 388,616 tons, equivalent to USD 203.34 million, a decrease of 19.5% in both volume and value over the same period last year.

Ivory Coast ranked third, accounting for 9.7% of the total volume and 8.7% of the total turnover with 273,078 tons, equivalent to USD 117.96 million, an increase of 37% in volume and 16.8% in turnover over the same period in 2021.

In May alone, Vietnam exported 710,371 tons of rice, equivalent to USD 347.1 million, an increase of 27.8% in volume and 25.8% in turnover. Compared to April, the export of this item increased by 13.3% in volume and increased by 2.4% in turnover over the same period in 2021.

Rice exports to the Philippines increased by 45.8% in volume and increased by 50.9% in turnover compared to April and at 354,944 tons, equivalent to USD 167.65 million. Compared to the same period last year, the volume increased by 54.8%, the turnover increased by 38.4%.

With the Chinese market, rice exports reached 91,675 tons, equivalent to USD 48 million, a decrease of 22.6% in volume and 25.5% in turnover. Compared to the same period in 2021, the volume decreased by 19.4% and the turnover decreased by 18.5%.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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