Rice exports in the first four months of 2023 stood at 2.95 million tons, for revenue of $1.56 billion, figures from the General Department of Vietnam Customs show.

The result represents a year-on-year increase of 43.6 per cent in volume and 54.5 per cent in value; the highest growth among key agricultural exports.

The Philippines remained Vietnam’s largest importer, with rice exports totaling $647.5 million in the period, up 53.4 per cent year-on-year. Following was China, with $292.5 million, surging 88.2 per cent year-on-year.

The average rice export price in the first four months was $526 per ton.