In total for 9 months, rice exports reached 3.66 billion USD, up 40.4% over the same period last year and exceeding the export turnover of the whole year 2022 (3.45 billion USD).

It is worth noting that the export value of 3.66 billion USD will be achieved in the first 9 months of 2023 with the volume of rice exported being only 6.6 million tons. While in 2011, to achieve 3.65 billion USD, 7.1 million tons of rice were needed.

Vietnam's rice exports increased in September

This is thanks to the average export price of rice from the beginning of the year until now being always high, reaching 553 USD/ton, up 14% over the same period last year. There was even a time when the price of Vietnamese rice exports reached nearly 650 USD/ton.

Regarding the market, in 8 months, the Philippines still ranked first in Vietnam's rice consumption, accounting for 40.3% of total rice exports; followed by China accounting for 13.5%; Indonesia ranked third, accounting for 12.4%. In addition, the EU market area (Poland, Netherlands, Spain, Belgium...), Africa (Ghana, Angola...) also recorded positive growth.

Recently, export rice prices have tended to stagnate following moves by some importing countries to curb inflation, focusing on policies to develop domestic production to increase reserves, inventory and find new products. Find alternative food sources for rice.

But Vietnam's rice export price still ranks first in the world. According to the Vietnam Food Association, on October 4, Vietnam's rice prices of all kinds remained stable, but some countries of Thailand and Pakistan had a slight decrease.

Specifically, Vietnam's 5% broken rice price is 613 USD/ton, while Thailand's is 586 USD/ton (down 4 USD/ton), and Pakistan's is 558 USD/ton (down 30 USD/ton).

Vietnam's 25% broken rice is 598 USD/ton, Thailand's is 538 USD/ton (down 3 USD/ton) and Pakistan's is 498 USD/ton (down 20 USD/ton).

To promote the export of this product, implementing the National Program on Trade Promotion, the Department of Trade Promotion coordinated with the Import-Export Department - Ministry of Industry and Trade to organize a trade delegation for rice products in China. Quoc.

The goal of the program is to directly introduce Vietnam's export rice brands and products to importers and consumers in the Chinese market; create opportunities for direct contact for businesses on both sides to sign business cooperation agreements. Promoting rice exports will be done through activities such as organizing B2B seminars on rice trade between Vietnamese exporters and importers in China; Working at a number of factory, warehouse, transportation systems and some large rice importing enterprises in China; Learn about the system and methods of distribution, retail and consumption of Chinese consumers, thereby building a direct penetration method and increasing market share in the above market.

The trade delegation will also work with your management agency and relevant business associations to learn about policy directions, consumer needs, tastes, and regulations on rice import and export, from That helps Vietnamese businesses capture information, proactively plan work, and meet market requirements.

It is expected that the trade delegation will have a scale of 10 - 18 businesses, promoting trade in China from October 30 to November 5, 2023 in Beijing and Guangzhou (Guangdong province).

According to the US Department of Agriculture, this year the Philippines will join China as the two largest rice importers in the world with an output of about 3.5 million tons. China is also currently Vietnam's second largest rice import market.