May 29, 2025 | 15:20 GMT +7
Hotline: 0913.378.918
May 29, 2025 | 15:20 GMT +7
Hotline: 0913.378.918
Rice exports account for the majority of export surplus to the Philippines.
According to the Agency of Foreign Trade (Ministry of Industry and Trade), total export-import turnover between Vietnam and the Philippines in 2024 reached over USD 8.66 billion, an increase of more than 11% compared to 2023. Of which, exports reached USD 6.19 billion, up 20%, and imports reached USD 2.47 billion, down 6.7% compared to 2023. Vietnam's export surplus to the Philippine market in 2024 reached USD 3.72 billion, higher than the previously set expectation of USD 3.5 billion.
Contributing to the impressive growth of Vietnam's export turnover to the Philippine market in 2024, the first to mention is rice, with export turnover reaching over USD 2.6 billion, an increase of 49% compared to the same period in 2023. Regarding Vietnam - Philippines rice trade, there is only one direction of export from Vietnam to the Philippines. Therefore, more than USD 2.6 billion of Vietnamese rice exports to the Philippines is also the export surplus in the rice trade. It means that rice accounts for the majority of USD 3.72 billion of Vietnam's exports to this market in 2024.
Some other commodities with large export turnover to the Philippines include machinery, equipment, tools, and other spare parts reaching USD 393 million; clinker and cement reaching USD 319 million. Coffee reached nearly USD 289 million; phones and components reached USD 212 million; transport vehicles and spare parts reached over USD 200 million. Computers and electronic products and components reached USD 187 million; textiles reached USD 138 million; seafood reached USD 108 million; footwear of all kinds reached USD 107 million.
Translated by Thu Huyen
(VAN) The import-export turnover between Vietnam and Singapore rose amid a trade rebound, with machinery, electrical equipment, and fuels making up the majority of the transaction value.
(VAN) Director General of the General Administration of Customs of China, Ms. Sun Mai Jun, has pledged to implement measures that will ease the import process for Vietnamese agricultural products.
(VAN) Although Vietnam is still increasing its coffee exports, the industry is currently in the process of determining market strategies in response to the U.S. imposition of reciprocal tariffs.
(VAN) With rising demand in Muslim-majority countries, Halal certification is becoming a critical passport for Vietnamese agricultural products seeking sustainable market access and consumer trust in the Middle East and Africa.
(VAN) Vietnam’s fruit and vegetable exports to the U.S. are rising sharply, and exporters are hoping that any upcoming reciprocal tariffs will be set at manageable levels.
(VAN) Despite meeting quality standards, Vietnamese rice bran exporters still face difficulties with administrative procedures under the new protocol.
(VAN) The U.S. is tightening import tariffs and origin inspections, requiring Vietnamese businesses to proactively prepare in terms of legal compliance, supply chains, and appropriate export strategies.
