Vietnam’s rice exports decreased by 18.13 percent in December compared to November, reaching US$363.17 million, according to data from Vietnam’s General Department of Customs.
Vietnam’s rice exports total US$5.67 billion for 2024.
The decline in exports was primarily driven by a significant decrease in shipments to the Philippines, which saw a 41.66 percent drop, amounting to US$137.79 million. Exports to Malaysia and Ghana also decreased by 20.33 percent and 18.91 percent, respectively.
However, some markets showed strong growth. Exports to Indonesia, China, Mozambique, and Tanzania saw increases of 180.84 percent, 194.29 percent, 668.98 percent, and 197.71 percent, respectively.
See also: Agriculture Industry in Vietnam
Vietnam rice exports, December 2024, US$
December | November | MoM | 2024 | |
Total | 363,173,637 | 443,615,189 | -18.13% | 5,666,120,868 |
Other | 38,269,436 | 73,474,615 | -47.91% | 576,360,673 |
Philippines | 137,787,170 | 236,194,681 | -41.66% | 2,610,427,295 |
Indonesia | 67,395,162 | 23,997,592 | 180.84% | 746,313,758 |
Ghana | 28,147,431 | 34,711,701 | -18.91% | 423,820,877 |
Ivory Coast | 25,517,149 | 25,652,084 | -0.53% | 285,554,311 |
China | 15,894,971 | 5,401,054 | 194.29% | 167,836,432 |
Malaysia | 11,618,469 | 14,583,012 | -20.33% | 426,081,428 |
Singapore | 9,225,929 | 6,024,223 | 53.15% | 104,310,055 |
Mozambique | 4,443,721 | 577,873 | 668.98% | 63,349,773 |
Hong Kong | 4,379,153 | 4,182,145 | 4.71% | 38,517,683 |
UAE | 3,896,587 | 3,111,416 | 25.24% | 40,182,608 |
USA | 3,693,399 | 2,836,010 | 30.23% | 30,182,703 |
Australia | 3,541,393 | 3,362,261 | 5.33% | 35,767,098 |
Cambodia | 2,949,707 | 1,998,566 | 47.59% | 37,251,831 |
Saudi Arabia | 2,319,325 | 2,139,636 | 8.40% | 29,862,152 |
Tanzania | 1,215,240 | 408,200 | 197.71% | 5615295 |
Netherlands | 897,364 | 562,816 | 59.44% | 9,102,512 |
Poland | 569,211 | 1,214,294 | -53.12% | 8,606,695 |
South Africa | 547,577 | 872,858 | -37.27% | 6,805,005 |
Taiwan | 459,618 | 2,036,411 | -77.43% | 12,385,079 |
Russia | 405,625 | 273,741 | 48.18% | 7,787,605 |
See also: How to Start an Export Business in Vietnam.