With its vast, fertile Mekong Delta and generations of agricultural expertise, Vietnam has firmly established itself as one of the world’s most influential rice exporters. Over the last decade, the country has transformed from a volume-driven supplier into a strategic global player offering diversified rice varieties, premium grades, and stable supply chains.

According to Vietnam export customs data and Vietnam rice export statistics, the country achieved a historic milestone in 2024, exporting rice worth $5.7 billion, marking a 24% year-on-year increase. This growth was supported by strong global demand, favorable pricing, and sustained imports from Asian and African markets. As we move through 2025, Vietnam rice exports continue to reflect both opportunity and adjustment amid shifting global trade dynamics.

This article provides a detailed analysis of Vietnam rice exports in 2024–25, covering export values, top destinations, major exporters, historical trends, pricing movements, and the future outlook of rice export in Vietnam.

Overview of Vietnam Rice Exports (2024–2025)

Vietnam exported approximately 9.04 million metric tons of rice in 2024, the highest volume ever recorded by the country. The average export price crossed $600 per ton, helping total export value reach a record $5.7 billion.

According to Vietnam export customs data, rice exports in the first quarter of 2025 alone stood at $1.14 billion, with shipments totaling 2.2 million tons. However, price pressure emerged in mid-2025 as global supply increased and India re-entered export markets.

Key highlights of Vietnam rice export statistics include:

• 2024 export volume: 9.04 million tons

• 2024 export value: $5.7 billion

• Average export price (2024): ~$600/ton

• 2025 forecast volume: 7.9 million tons

• Mid-2025 prices: $390–500/ton

Despite lower prices in 2025, Vietnam remains highly competitive due to consistent quality and diversified export markets.

Vietnam Rice Exports by Country: Top Destinations

Vietnam’s rice reaches more than 150 global markets, with Asia and Africa dominating demand. Based on Vietnam rice export statistics and shipment data for 2024–25, the top 10 export destinations account for nearly 90% of total exports.

1. Philippines – $1.52 Billion (38.4%)

The Philippines remains the largest importer of Vietnamese rice, driven by geographic proximity, rising population, and food security policies. Long-standing trade relationships ensure stable demand year after year.

2. Indonesia – $716 Million (18.1%)

Indonesia’s large population and rice-based diet make it a crucial market for vietnam rice exports, especially during periods of domestic supply shortfall.

3. China – $494 Million (12.5%)

China continues to expand imports of high-quality Vietnamese rice, supported by bilateral trade agreements and efficient land-border logistics.

4. Ghana – $186 Million (4.7%)

Africa’s rice demand is rising rapidly, and Ghana has emerged as a reliable growth market for Vietnamese exporters.

5. Malaysia – $173 Million (4.4%)

Malaysia’s diverse cuisine and strong rice consumption patterns keep it among Vietnam’s top rice buyers.

6. Ivory Coast – $168 Million (4.2%)

Urbanization and rising incomes in West Africa are boosting imports of Vietnamese rice.

7. Singapore – $113 Million (2.9%)

Singapore imports premium and fragrant rice varieties, favoring quality over volume.

8. Iraq – $97 Million (2.5%)

Iraq’s recovering economy and food-import dependence make it an important emerging market.

9. Hong Kong – $79 Million (2%)

A gateway market for premium Asian food products.

10. UAE – $68 Million (1.7%)

The UAE serves as both a consumption market and re-export hub linking Asia, Africa, and Europe.

Vietnam Rice Exporters List: Top Companies Driving Trade

The Vietnam rice exporters list reflects a mix of state-backed enterprises and private exporters with strong global networks. According to Vietnam export customs data, the leading rice exporters in 2024–25 include:

1. Intimex Group JSC – $582 million

2. Vinafood 1 – $546 million

3. Mekong Food – $501 million

4. Gia International – $236 million

5. Vinafood 2 – $231 million

6. Kien Giang Import-Export – $206 million

7. Phuong Dong Food – $172 million

8. Tan Thanh An – $148 million

9. Tien Phat Nong – $139 million

10. Panoramas Co. Ltd – $135 million

These companies collectively dominate rice export in Vietnam, supplying markets across Southeast Asia, Africa, and the Middle East.

Historical Vietnam Rice Export Data (2014–2025)

A look at the last decade of Vietnam rice export statistics highlights a strong upward trajectory:

• 2014: $2.93 billion

• 2018: $2.62 billion

• 2021: $3.01 billion

• 2023: $4.37 billion

• 2024: $5.70 billion

• 2025 (Q1): $1.14 billion

The surge after 2021 reflects higher global prices, quality improvements, and stronger trade positioning under Vietnam imports and exports policy reforms.

Major Rice Types Exported by Vietnam

Vietnam’s export portfolio has evolved beyond bulk white rice to include premium and specialty varieties.

Top exported rice categories include:

• White Rice (5% broken): ~70% of volume

• Fragrant Rice (ST24, ST25, Jasmine): ~16–20%

• Glutinous Rice: ~6%

• Japonica Rice: ~4%

• Broken Rice (25% & 100%): Industrial & feed use

This diversification strengthens vietnam rice exports by targeting both mass and premium markets.

Rice Export Price Trends (2024–2025)

Rice prices peaked in early 2024 due to supply constraints and strong demand. However, prices softened in 2025:

• Dec 2024: $485/ton

• Feb 2025 (fragrant rice): $500/ton

• May 2025: $390/ton (5-year low)

Despite declining prices, export volumes remained strong, reinforcing Vietnam’s resilience in global trade.

Vietnam Rice Production Outlook

Vietnam is expected to produce around 43 million tons of paddy rice in 2024–25, translating to approximately 27 million tons of milled rice. Average yields exceed 6.1 tons per hectare, among the highest globally.

Vietnam is also projected to overtake Thailand as the world’s second-largest rice exporter, strengthening its role in Vietnam imports and exports flows.

Key Trends Shaping Vietnam Rice Exports

1. Product Diversification: Growing focus on fragrant, organic, and premium rice.

2. Sustainability: Adoption of eco-friendly farming and water-saving practices.

3. Digital Trade: Use of online platforms, blockchain, and digital payments.

4. Market Expansion: Rising demand from Africa and the Middle East.

These trends are redefining rice export in Vietnam, shifting focus from volume to value.

Final Takeaway

Vietnam rice exports reached a historic high in 2024, driven by strong Asian demand, premium pricing, and diversified exporters. While 2025 presents challenges from falling prices and renewed competition, Vietnam’s strong production base, exporter network, and evolving strategy position it well for long-term success.

For traders, importers, and analysts, tracking Vietnam rice export statistics, exporter performance, pricing trends, and destination markets will be critical to staying competitive in the global rice trade.

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