Vietnam rice exports to Taiwan continue to rise
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Vietnam’s rice exports to Taiwan rose by 18.5% last year as quality improved and prices were competitive.
It shipped 20,281 tons worth over US$10 million, accounting for more than 16% of Taiwan’s imports, the third highest market share.
In recent years Vietnam’s exports of high-grade rice to the market have been steadily increasing as its prices are lower than Thailand’s, Taiwan’s second-largest source of imports at 23,042 tons.
But Thailand’s exports declined by 20% last year. Vietnam’s sticky rice exports to Taiwan exceeded those of the U.S. and Thailand.
Overall, Vietnam exported more than seven million tons of rice worth $3.5 billion to the global market last year.
It was sold in European supermarkets for the first time.
Questions & Answers
Q.What percentage of Taiwan's total rice imports did Vietnam supply last year?
What percentage of Taiwan's total rice imports did Vietnam supply last year?
Vietnam accounted for over 16% of Taiwan’s rice imports last year. This made it Taiwan’s third-highest market share for rice, following behind other major suppliers to the region.
Q.How much rice did Vietnam export globally last year, and what was its total value?
How much rice did Vietnam export globally last year, and what was its total value?
Vietnam exported more than seven million tons of rice to the global market last year. These exports were valued at a total of $3.5 billion, indicating a significant international trade volume.
Q.Why are Vietnamese rice exports increasing to the Taiwanese market?
Why are Vietnamese rice exports increasing to the Taiwanese market?
Vietnamese rice exports are increasing due to improved quality and competitive pricing. Its high-grade rice is often sold at lower prices compared to rice from countries like Thailand, making it an attractive option.
Q.How did Thailand's rice exports to Taiwan compare to Vietnam's last year?
How did Thailand's rice exports to Taiwan compare to Vietnam's last year?
Thailand exported 23,042 tons of rice to Taiwan, holding the second-largest market share, but its exports declined by 20% last year. In contrast, Vietnam's exports to Taiwan rose by 18.5%.
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