AsemconnectVietnam - In 2024, rice exports increased by 11.1% in volume, 21.18% in value and 9.1% in price compared to 2023.

According to the preliminary statistics figures from the General Department of Customs, in December of 2024, Vietnam's rice exports decreased by 17.3% in volume, 18% in value compared to November of 2024 and the price decreased by 0.9%, reaching 583,036 tonnes, equivalent to 363.96 million USD, with an average price of 624.3 USD/tonne. In December of 2024, Vietnam exported the most rice to the Philippines market, reaching 217,909 tonnes, equivalent to 137.79 million USD, priced at 632.3 USD/tonne, down by 41% in volume, down by 41.7% in turnover and down slightly by 0.9% in price compared to November of 2024. It was followed by the Indonesian market with 127,027 tonnes, equivalent to 67.4 million USD, priced at 530.6 USD/tonne, up sharply by 191.5% in volume, up by 180.8% in turnover but down by 3.7% in price compared to November of 2024.
The next was Ghana with 39,495 tonnes, equivalent to 28.15 million USD, priced at 712.7 USD/tonne, down by 21% in volume, down by 18.9% in turnover but up by 2.7% in price. In the whole year of 2024, the country's rice export reached over 9.03 million tonnes, equivalent to nearly 5.67 billion USD, with an average price of 627.2 USD/tonne, up by 11% in volume, up by 21.2% in turnover and up by 9.1% in price compared to 2023.
The Philippines was leading, accounting for 47.6% of the total volume and 47.1% of the total rice export turnover of the country, reaching over 4.22 million tonnes, equivalent to over 2.61 billion USD, with a price of 618.4 USD/tonne, up by 34.7% in volume, up by 48.9% in turnover and up by 10.6% in price compared to 2023.
Indonesia ranked second, reaching 1.26 million tonnes, equivalent to 746.31 million USD, price of 593.6 USD/tonne, accounting for 13.9% of the total volume and 13.2% of the total rice export turnover of the country, up by 7.9% in volume, up by 16.6% in turnover and up by 8% in price compared to 2023.
Malaysia ranked third with 719,241 tonnes, equivalent to 426.08 million USD, average price of 592.4 USD/tonne, accounting for 8% of the total volume and 7.5% in total turnover, up sharply by 81.4% in volume, up by 107.8% in turnover and up by 14.6% in price compared to 2023.
CK
Source: VITIC