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Vietnam’s rice exports dip in October, but year-to-date figures remain strong

Vietnam’s rice exports declined slightly in October 2024, with volumes reaching 788,352 tonnes, valued at US$505.22 million, according to Vietnam’s General Department of Customs. This represents a 3.7 percent decrease in volume and a 1 percent drop in value compared to September, which recorded 818,355 tonnes and US$510.39 million.

Despite the October dip, year-to-date performance remains robust. From January to October, Vietnam exported 7.75 million tonnes of rice, generating US$4.86 billion in export value. This marks a 10.1 percent increase in volume and a 23.5 percent rise in value compared to the same period in 2023, reflecting higher global rice prices.

The year-to-date growth underscores Vietnam’s strength as a key player in the global rice market. While October’s decline may reflect temporary fluctuations, the sector continues to benefit from strong international demand and competitive pricing.

See also: Agriculture Industry in Vietnam

Vietnam’s rice exports, October vs. September 2024, US$

OctoberSeptemberMoMYTD
Total505,219,471510,393,994-1.01%4,861,964,312
Other41,932,96535,814,14117.08%437,695,837
Philippines257,791,533262,319,464-1.73%2,239,052,618
Indonesia30,448,95867,256,613-54.73%655,206,268
Malaysia27,667,18126,132,4345.87%399,879,947
Ghana69,461,48056,519,70222.90%360,980,096
Ivory Coast32,508,23423,802,68336.57%234,816,888
China5,309,1864,014,48432.25%146,540,408
Singapore7,933,9816,106,31129.93%89,059,903
Mozambique5,323,9618,377,337-36.45%58,328,180
United Arab Emirates3,808,1712,273,16767.53%33,140,096
Cambodia3,005,5294,068,096-26.12%32,303,558
HongKong3,557,4373,286,0688.26%29,926,753
Australia4,506,5413,344,60434.74%28,863,443
Saudi Arabia2,618,7091,299,527101.51%25,409,290
United States of America4,110,6362,463,86866.84%23,658,061
Taiwan1,285,232488,988162.84%9,889,049
Turkey33,41755,382-39.66%9,395,875
Netherlands420,322357,23817.66%7,642,332
Russia703,532874,526-19.55%7,231,085
Ukraine56,04860,875-7.93%6,932,679
Poland660,76490,410630.85%6,823,190
South Africa550,012771,716-28.73%5,384,570
Tanzania000.00%3,991,855
France607,184237,008156.19%3,233,085
Spain262,258120,242118.11%1,605,538
Senegal345,02042,780706.50%1,589,197
Angola229,550195,14517.63%1,276,145
Chile000.00%853,541
Belgium000.00%582,917
Bangladesh000.00%322,164
Iraq81,63000.00%213,971
Brunei Darussalam021,185-100.00%83,528
Algeria000.00%52,245

 

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