Vietnam shipped 884.94 million USD worth of rice to the Philippines in 2019, a year-on-year rise of 92.58 percent, according to the General Department of Customs.
Vietnam ships 884.94 million USD worth of rice to the Philippines in 2019, a year-on-year rise of 92.58 percent.(Photo: VNA)
Hanoi (VNA) – Vietnam shipped 884.94 million USD worth of rice tothe Philippines in 2019, a year-on-year rise of 92.58 percent, according to theGeneral Department of Customs.
In the year, total exports to the Philippines hit 3.72 billion USD, up 7.63percent from 2018.
Along with rice, eight goods items had their export value exceeding 100 millionUSD. Slight increase was seen in the shipment of computer, electronic productsand components (up 1.88 percent to 189.68 million USD), coffee (up 9.4 percentto 173.59 million USD), seafood (up 1.94 percent to 120.19 million USD), andgarment and textiles (up 3.53 percent to 115.12 million USD).
Rice captured the lion’s share of exports to the Philippines, with revenueaccounting for 23.73 percent of the total export revenue to the nation.
Vietnam’s high quality rice has been present in 150 countries and territoriesaround the world.
Last year, the country experienced a fall in rice export value, with nearly 6.3million tonnes worth 2.76 billion USD being shipped abroad, up 3 percent involume but down 10 percent in value from the previous year. The main reason wasthe falling price in global market./.
Vietnam needs to take new solutions and steps in rice production and export to ensure benefits of businesses and farmers given market-related difficulties forecast for the sector in the whole year, heard a seminar in Ho Chi Minh City on June 24.
Vietnam exported 5.56 million tonnes of rice and brought home 2.43 billion USD in the first 10 months of 2019, up 6.1 percent in volume but down 9.1 percent in value over the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
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Vietnam ships 884.94 million USD worth of rice to the Philippines in 2019, a year-on-year rise of 92.58 percent.(Photo: VNA) 
