According to the Ministry of Agriculture and Rural Development, Vietnam exported 2.07 million tonnes of rice in the first quarter of 2024, earning 1.37 billion USD in revenue. This represents a 12% increase in volume and 40% in value compared to the same period of 2022.
The Ministry of Agriculture and Rural Development has reported that Vietnam’s rice exports hit 708 million USD in the first two months of 2024, an increase of nearly 50% compared to the same period last year. The figures promise a positive outlook for rice exports during 2024 as a whole, especially those to major markets.
As of the end of March, Vietnam is projected to have exported approximately 1.6 million tons of rice this year, generating over 1 billion USD in revenue, for a 50% increase year-on-year. The result signifies Vietnam’s highest rice exports for 34 years, offering a positive outlook for 2024 as a whole.
Vietnam exported more than 2.1 million tons of rice worth nearly 1.4 billion during the first quarter of the year, representing an increase of about 42% against the same period from last year, according to the Ministry of Agriculture and Rural Development.
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore, according to the Vietnam Trade Office in Singapore.
