Vietnamese rice accounts for nearly 80% of the Philippines' total rice imports in the first 10 months of 2024

This figure is much higher than the same period in 2023 (in the same 10 months of 2023, the Philippines imported 2.84 tons of rice), and exceeds the total rice imported by the Philippines in 2023 according to the calculation of this agency (the Rice Import Licensing Authority under the Philippine Department of Agriculture estimated the total rice imported by the Philippines in 2023 at 3.61 million tons). From the beginning to October 24, 2024 alone, the Philippines imported 380,541.58 tons of rice, much higher than the figure of 163,217.40 tons of rice imported in October 2023.

Vietnam remains the top rice exporter to the Philippine market. As of the end of October 2024, the Philippines imported 2.91 million tons of rice from Vietnam, accounting for more than 79% of the Philippines' total 3.68 million tons of imported rice. Thailand ranked second with 457,673.28 tons, accounting for 12.4%. Pakistan followed with 162,369.48 tons, accounting for 4.5%, and Myanmar and India with 114,766.75 tons and 22,039.04 tons, respectively.

With this growth trend, the Philippines' total rice imports for the whole year 2024 are forecast to be above 4 million tons, possibly reaching 4.5 million tons.

Source: https://moit.gov.vn/tin-tuc/thi-truong-nuoc-ngoai/gao-viet-nam-chiem-gan-80-trong-tong-luong-gao-nhap-khau-cua-philippine-trong-10-thang-nam-2024.html