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Nearly US$1.77 billion earned from rice exports 

 Tuesday, July 17,2018

AsemconnectVietnam - Vietnam exported 3.48 million tons of rice worth of nearly US$1.77 billion in the first 6 months of this year, increased by 21.6 per cent in quantity and 38.9 per cent in value over the same period last year, showed the statistics figures of the General Department of Customs.

In June, the country’s exports of rice reached 537,948 tons worth of $281.03 million, down by 29.6 per cent in quantity and 28.2 per cent in value over the previous month. The average rice export price reached $522.4 per ton in June and $507.7 per ton in the first six months.

China was still the biggest rice export market of Vietnam in the first six months of this year with 891,688 tons worth of $474.84 million, down by 27.6 per cent in quantity and 14.8 per cent in value over the same period last year.

The exports of rice to Indonesia – the second biggest rice export market of Vietnam – increased sharply by 45 times in quantity and 60 times in value over the same period last year to 685,908 tons worth of $322.01 million.

The Philippines followed with 384,146 tons worth of $183.46 million, up by 43.5 per cent in quantity and 76.8 per cent in value.

Meanwhile, the exports of rice to Malaysia reached 304,178 tons worth of $138.22 million, increased by 86 per cent in quantity and 112.7 per cent in value.

In the first six months of this year, Vietnam’s exports of rice to Turkey increased by over 9 times in quantity and 11.4 times in value to 4,425 tons worth of $2.54 million; to France – up by 317 per cent in quantity and 241.9 per cent in value to 751 tons worth of $0.56 million; to Iraq – up by 120.5 per cent in quantity and 153.5 per cent in value to 150,000 tons worth of $85.56 million.

However, the exports of rice to Senegal fell sharply by over 99 per cent, both in quantity and in value to 47 tons worth of $0.03 million; to Brunei – down by 97 per cent in quantity and 97 per cent in value to 323 tons worth of $0.14 million.

Vietnam’s rice exports in the first 6 months of 2018 –
source: VITIC – according to the figures of the General Department of Customs
Market
First 6 months of 2018
First 6 months of 2018 vs. same period of 2017 (%)
Quantity
Value
Quantity
Value
Total
3,483,331
1,768,627,867
21.6
38.9
China
891,688
474,835,715
-27.59
-14.8
Indonesia
685,908
322,006,083
4.397.76
5.914.67
The Philippines
384,146
183,462,035
43.54
76.8
Malaysia
304,178
138,221,857
86.13
112.7
Iraq
150,000
85,560,000
120.51
153.54
Ghana
148,756
89,091,597
-12.81
4.63
Ivory Coast
111,320
66,396,323
-12.87
16.35
Singapore
42,188
23,558,285
-2.99
8.75
Hong Kong (CN)
39,029
22,406,169
31.08
48.89
The U.A.E
24,105
13,251,932
3.13
10.25
Taiwan (CN)
10,708
5,452,711
-21.25
-13.29
Algeria
10,325
4,590,173
-61.29
-55.91
The U.S
9,990
6,143,604
-20.9
-7.85
Russia
6,041
2,648,683
-66.29
-61.45
Australia
4,478
3,004,895
-13.72
3.42
Turkey
4,425
2,542,952
823.8
1.039.77
Bangladesh
4,043
1,598,528
-91.41
-92.11
Angola
2,394
1,191,293
-81.81
-75.93
South Africa
1,871
1,083,491
-56.67
-41.98
The Netherlands
1,523
837,394
-37.63
-23.26
Poland
1,326
765,507
109.48
140.93
Ukraine
755
448,350
-81.68
-73.79
France
751
558,224
317.22
241.93
Spain
474
246,068
-8.14
14.58
Brunei
323
139,352
-97.08
-96.82
Belgium
236
141,739
-90.51
-86.1
Chile
188
145,883
-95.46
-91.06
Senegal
47
33,493
-99.65
-99.26
CK
Source: VITIC

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