AsemconnectVietnam - In the first 10 months of 2023, the country exported over 7.05 million tonnes of rice, equivalent to nearly 3.95 billion USD, an increase of 15.9% in volume and 34% in turnover compared to the first 10 months of 2022.

According to the preliminary statistics figures of the General Department of Customs, in October of 2023 the country exported 635,102 tonnes of rice, equivalent to 406.76 million USD, average price 640.5 USD/tonne, an increase of 4.9% in volume, increase 7.7% in turnover and increase 2.6% in price compared to September of 2023. In comparison to October of 2022, it decreased by 10.9% in volume but increased by 19.4% in turnover and increased by 34% in price.
In October of 2023, rice exports to the main market Philippines increased sharply by 88.2% in volume and 86.5% in turnover but decreased by 0.9% in price compared to September of 2023, reaching 185,724 tonnes, equivalent to 116.84 million USD, the price was at 629 USD/tonne. In comparison to October of 2022, it was down by 30.9% in volume, down by 4.9% in turnover but up by 37.6% in price. Rice exports to the Chinese market in October of 2023 decreased sharply by 65.5% in volume, 66% in turnover and 1.6% in price compared to September of 2023, reaching 25,119 tonnes, equivalent to 14.85 million USD. In comparison to October of 2022, it also decreased by 80.9% in volume, decreased by 76.5% in turnover but increased by 22.9% in price.
Notably, rice exports to the Indonesian market in October of 2023 also decreased by 12.9% in volume and 9.2% in turnover compared to September of 2023, reaching 144,605 tonnes, equivalent to 92.02 million USD; but compared to October of 2022, it increased very strongly by 2,026% in volume and 2,777% in turnover.
Overall, for the first 10 months of 2023, the country's rice export volume reached over 7.05 million tonnes, equivalent to nearly 3.95 billion USD, an increase of 15.9% in volume, an increase of 34% in turnover compared to 10 months. In 2022, the average price reached 559.5 USD/tonne, an increase of 15.6%.
The Philippines still ranked first in Vietnam's rice consumption, accounting for 37.3% of the total volume and 35.7% of the country's total rice export turnover, reaching nearly 2.63 million tonnes, equivalent to nearly 1.41 billion USD, average price 535.2 USD/tonne, down by 4% in volume, but up by 11% in turnover and up by 15.8% in price compared to the first 10 months of 2022.
The next was the Indonesian market, accounting for over 14% of total volume and total turnover, reaching nearly 1.03 million tonnes, equivalent to 554.63 million USD, the average price was 539 USD/tonne, a sharp increase of 1,710% in volume and by 1,908% in turnover; the prices increased by 11% compared to the first 10 months of 2022.
The Chinese market ranked third with 883,967 tonnes, equivalent to 510.63 million USD, the price was at 577.7 USD/tonne, up by 16.7% in volume, up by 33.4% in turnover and up by 14.4% in price compared with the first 10 months of 2022, accounting for nearly 13% of the country's total rice export volume and turnover.
The exports to FTA RCEP markets reached nearly 5.05 million tonnes, equivalent to 2.75 billion USD, up by 24.2% in volume and 42.9% in turnover. The exports to CPTTP FTA markets reached 513,422 tonnes, equivalent to 279.64 million USD, up by 0.4% in volume and 13.3% in turnover while the exports to the Southeast Asian market reached over 4.13 million tonnes, equivalent to 2.21 billion USD, up by 26.1% in volume and 45.8% in turnover.
CK
Source: VITIC/congthuong.vn