Vietnam Rice Exports 2024–25: Trends, Markets, and Global Outlook

With vast green rice paddies spread across the Mekong Delta, Vietnam has firmly established itself as one of the world’s most influential rice-exporting nations. Favorable climatic conditions, fertile alluvial soil, and continuous improvements in farming practices have enabled the country to scale both production and export capacity over the years. Today, Vietnam rice exports are not only a pillar of the national agricultural economy but also a critical contributor to global food security.

According to Vietnam export customs data, the total value of rice exports reached $5.7 billion in 2024, marking a remarkable 24% year-on-year increase. Export momentum continued into 2025, with rice shipments worth $1.14 billion and a volume of 2.2 million tons recorded in the first quarter alone. This article takes a deep dive into Vietnam rice export statistics for 2024–25, explores top destination markets, analyzes exporter performance, and highlights emerging trends shaping the future of rice export in Vietnam.

Overview of Vietnam Rice Exports (2024–2025)

Vietnam’s rice sector reached a historic milestone in 2024–25. Total rice export volume stood at approximately 9 million metric tons, reflecting an 11% increase compared to the previous year. At the same time, the average export price surged beyond $600 per ton, driven by tight global supply, strong Asian demand, and restrictions from competing exporters earlier in the year.

Key highlights include:

• 2024 export value: $5.7 billion

• 2024 export volume: 9.04 million metric tons (record high)

• Q1 2025 exports: $1.14 billion, 2.2 million tons

• 2025 forecast volume: 7.9 million metric tons

• Mid-2025 prices: Declined to $390–500 per ton

Despite a projected price correction in 2025, Vietnam rice exports remain structurally strong due to diversified markets and improving quality standards.

Vietnam Rice Exports by Country: Top 10 Destinations

Vietnam consistently ranks among the top three global rice exporters. Its geographic proximity to major Asian consumers, combined with competitive pricing and quality, has helped expand its global footprint across Asia, Africa, and the Middle East.

Based on Vietnam export customs data and shipment records for 2024–25, the top rice-importing countries are:

1. Philippines – $1.52 Billion (38.4%)

The Philippines remains the largest destination for Vietnamese rice, accounting for over one-third of total exports. Strong bilateral trade ties and geographic proximity make Vietnam a reliable supplier for the country’s food security needs.

2. Indonesia – $716 Million (18.1%)

Indonesia’s large population and rice-centric diet drive sustained demand. Vietnamese rice plays a crucial role in stabilizing Indonesia’s domestic supply during production shortfalls.

3. China – $494 Million (12.5%)

China’s preference for higher-quality rice and favorable trade agreements have boosted imports from Vietnam. Proximity and logistics efficiency further support this trade flow.

4. Ghana – $186 Million (4.7%)

Ghana has emerged as a key African market due to rising consumption and stable economic growth.

5. Malaysia – $173 Million (4.4%)

Malaysia’s diverse cuisine and consistent rice demand make it a steady importer of Vietnamese varieties.

6. Ivory Coast – $168 Million (4.2%)

Population growth and urbanization are fueling rice imports, with Vietnam serving as a major supplier.

7. Singapore – $113 Million (2.9%)

Singapore imports premium and specialty rice, favoring Vietnam for quality and consistency.

8. Iraq – $97 Million (2.5%)

Post-recovery demand and reliance on imported staples have increased Iraq’s rice imports from Vietnam.

9. Hong Kong – $79 Million (2.0%)

A hub for premium food imports, Hong Kong sources high-grade rice for its diverse consumer base.

10. UAE – $68 Million (1.7%)

The UAE’s multicultural population and re-export role are driving steady growth in rice imports.

Vietnam Rice Exporter Database 2025: Leading Exporters

The Vietnam rice exporters list highlights a competitive landscape led by state-owned enterprises and private agribusiness giants. These companies play a vital role in expanding Vietnam’s reach across Asia, Africa, and the Middle East.

Top Rice Exporters in Vietnam (2024–25):

1. Intimex Group JSC – $582M (Philippines, Malaysia, Africa)

2. Vinafood 1 – $546M (China, Philippines)

3. Mekong Food – $501M (Africa, Middle East)

4. Gia International – $236M (Africa, Southeast Asia)

5. Vinafood 2 – $231M (Philippines, Malaysia)

6. Kien Giang Import-Export – $206M

7. Phuong Dong Food – $172M

8. Tan Thanh An – $148M

9. Tien Phat Nong – $139M

10. Panoramas Co. Ltd – $135M

This Vietnam rice exporters list reflects strong diversification across regions, helping mitigate market-specific risks.

Historical Vietnam Rice Export Statistics (2014–2025)

A decade-long view of Vietnam rice export statistics shows steady growth, punctuated by sharp acceleration after 2021:

• 2014: $2.93B

• 2016: $2.15B

• 2019: $2.43B

• 2021: $3.01B

• 2023: $4.37B

• 2024: $5.70B

• 2025 Q1: $1.14B

This upward trend underscores Vietnam’s strengthening position in global agricultural trade and broader Vietnam imports and exports performance.

Major Rice Types Exported by Vietnam

Vietnam’s rice export portfolio is diverse, catering to both mass and premium markets:

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

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

• Glutinous Rice: ~6%

• Japonica Rice: ~4%

• Others (brown, broken, husked): ~4%

Premium aromatic varieties are increasingly important, enhancing margins and brand recognition for rice export in Vietnam.

Vietnam Rice Export Price Trends

Prices peaked in late 2024 before correcting in 2025:

• Dec 2024: $485/ton

• Feb 2025: $500/ton (fragrant rice)

• May 2025: $390/ton (5-year low)

The decline reflects India’s return to the export market and increasing global supply, creating price pressure for exporters.

Production Outlook and Global Position

Vietnam is expected to produce around 43 million tons of paddy rice in 2024–25, translating into 27 million tons of milled rice. With exports forecast at 7.9 million tons, Vietnam is poised to overtake Thailand as the world’s second-largest rice exporter, reinforcing its strategic importance in global food supply chains.

Key Trends Shaping Vietnam Rice Exports

1. Product Diversification: Growth in fragrant, organic, and specialty rice

2. Sustainability: Water-efficient farming and eco-friendly practices

3. Digital Trade: Use of digital platforms, blockchain, and data-driven logistics

These trends are redefining Vietnam rice exports, improving traceability and market access.

Conclusion: Final Take on Vietnam Rice Exports

Vietnam’s rice export sector reached unprecedented heights in 2024, driven by strong Asian demand, favorable prices, and efficient supply chains. While 2025 presents challenges in the form of softer prices and increased competition, Vietnam remains well-positioned due to quality upgrades, market diversification, and robust exporter networks.

For traders, analysts, and agribusinesses, tracking Vietnam rice export statistics, exporter performance, and pricing trends through verified Vietnam export customs data is essential for informed decision-making in this evolving market.

Need detailed insights by rice type, buyer, or HS code? Access verified intelligence from VietnamExportdata. Contact info@tradeimex.in for exclusive, customized reports on Vietnam imports and exports and a verified list of top rice exporters.