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    Home > Food News > Food Articles > Vietnam's rice exports to the EU increase significantly, with prices exceeding national average

    Vietnam's rice exports to the EU increase significantly, with prices exceeding national average

    • Last Update: 2022-05-08
    • Source: Internet
    • Author: User
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       Vietnam's " Customs Online" reported on April 27 that due to stable demand, especially for rice with Asian characteristics, the EU will continue to be a potential rice export market for Vietnamese enterprises in the future
    .
     
      According to a recent assessment by Vietnam’s Ministry of Industry and Trade, Vietnam’s rice exports to this market have achieved positive results in the past period due to the “ticket” of the Vietnam-EU Free Trade Agreement (EVFTA)
    .
     
      In 2021, despite the impact of the epidemic, Vietnam's rice exports to the EU will reach 60,000 tons, a year-on-year increase of nearly 1%; the export value will reach 41 million US dollars, an increase of over 20% year-on-year
    .
    Among them, Vietnamese special rice varieties ST24 and ST25 were exported to the EU market for the first time

    .
    This is an advantageous fragrant rice product currently under development in Vietnam

    .
     
      In the first two months of this year, Vietnam exported 15,500 tons of rice to the EU market, a year-on-year increase of nearly 4 times; the export value reached 11.
    7 million US dollars, a year-on-year increase of 4.
    3 times

    .
    In the EU, Italy has become the leader in Vietnam's rice import market with a 26-fold increase year-on-year

    .
    In addition, there are many other key markets such as Germany, France, and the Netherlands

    .
     
      It is worth noting that although the average export price of Vietnam’s rice in the first two months of this year fell by 12.
    1% to US$469/ton, the
    price of Vietnam’s rice exports to the EU still increased by 9% to US$755/ton
    .
     
      The export price of Vietnamese rice to the EU market is higher than the national average of Vietnam because the rice exported to the EU market is mainly high-value fragrant rice
    .
    However, the price of Vietnamese rice exported to the EU is still quite competitive with other competitors such as Cambodia, Thailand and India

    .
    Customs Rice EU Export
     
      According to a recent assessment by Vietnam’s Ministry of Industry and Trade, Vietnam’s rice exports to this market have achieved positive results in the past period due to the “ticket” of the Vietnam-EU Free Trade Agreement (EVFTA)
    .
     
      In 2021, despite the impact of the epidemic, Vietnam's rice exports to the EU will reach 60,000 tons, a year-on-year increase of nearly 1%; the export value will reach 41 million US dollars, an increase of over 20% year-on-year
    .
    Among them, Vietnamese special rice varieties ST24 and ST25 were exported to the EU market for the first time

    .
    This is an advantageous fragrant rice product currently under development in Vietnam

    .
     
      In the first two months of this year, Vietnam exported 15,500 tons of rice to the EU market, a year-on-year increase of nearly 4 times; the export value reached 11.
    7 million US dollars, a year-on-year increase of 4.
    3 times

    .
    In the EU, Italy has become the leader in Vietnam's rice import market with a 26-fold increase year-on-year

    .
    In addition, there are many other key markets such as Germany, France, and the Netherlands

    .
     
      It is worth noting that although the average export price of Vietnam’s rice in the first two months of this year fell by 12.
    1% to US$469/ton, the
    price of Vietnam’s rice exports to the EU still increased by 9% to US$755/ton
    .
    price
     
      The export price of Vietnamese rice to the EU market is higher than the national average of Vietnam because the rice exported to the EU market is mainly high-value fragrant rice
    .
    However, the price of Vietnamese rice exported to the EU is still quite competitive with other competitors such as Cambodia, Thailand and India

    .
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