Vietnam: Rice exports in the first quarter of 2022 increased in volume, value and price
According to preliminary statistics of the General Department of Customs, in March 2022, Vietnam exported 531,389 tons of rice, equivalent to 262.95 million USD, the average price was 494.8 USD/ton, increasing in volume, turnover and price compared to February 2022, with an increase of 13.3%, 17.7% and 3.9%, respectively. However, compared with March 2021, it decreased in both volume, turnover and price, with a corresponding decrease of 1.4%, 9.6% and 8.3%.
In March 2022, rice exports to the main market Philippines decreased by 56% in both volume and value compared to February 2022, reaching 135,958 tons, equivalent to 62.19 million USD; down 12.7% in volume, 24.5% in turnover compared to March 2021.
Rice exports to the Chinese market continued to increase strongly, at 114.6 percent in volume and 129.2% in turnover, reaching 96,317 tons, equivalent to USD 50.03 million; but compared to March 2021, it decreased slightly (by 1.5%) in volume, down 5.3% in turnover.
For the whole first quarter of 2022, the country’s rice export volume reached over 1.5 million tons, equivalent to over 730.76 million USD, up 26% in volume, up 12.7% in turnover compared to the first quarter in 2021, the average price reached 486.2 USD/ton, down 10.6%.
The Philippines still ranks first in Vietnam’s rice consumption, accounting for 44.7% of the total volume and 42.6% of the country’s total rice export turnover, reaching 672,136 tons, equivalent to USD 311.08 million, with average price of 462.8 USD/ton, increased sharply by 63.3% in volume, 41.4% in turnover but decreased by 13.4% in price compared to the first quarter of 2021.
Followed by the Chinese market, accounting for over 11.9% of the total volume and 12.4% of the total turnover, reaching 178,201 tons, equivalent to 90.82 million USD, the average price of 509.7 USD/ton, plummeted 30.5% in volume, 33.3% in turnover and 4% in price compared to the first quarter of 2021.
The Ivory Coast market ranked third with 182,104 tons, equivalent to 77.18 million USD, price was at 423.8 USD/ton, a sharp increase of 107.4% in volume and 74% in turnover but a decrease of 16% in price over the same period last year, accounting for 12.1% of the total volume and 10.6% of the total rice export turnover of the country.
Source: mard.gov.vn
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