Vietnam rice export to Philippines: Advantages outweigh disadvantages

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In recent years, Philippines reduces import tax on rice, which is a big chance for increasing Vietnam rice export to Philippines when Vietnamese rice is improving its quality and price.

Brief information about Vietnam rice export to Philippines

The Philippines is Vietnam’s largest rice export market, with the amount of rice exported to this country accounting for 36.27% of the country’s total rice exports in the first 4 months of the year, the rice that this country import is also relatively affordable, mainly white rice, less fragrant (accounting for 63.1% of Vietnam’s rice exports to this country), fragrant rice and jasmine rice only accounts for about 21.9%. Statistics show that, in the first 4 months of 2021, Vietnam rice export to Philippines reached more than 715 thousand tons, worth more than 380 million USD. However, recently, The Philippines announced a temporary halt to rice imports from Vietnam, which reduced the export price of rice by 15-20 USD/ton.

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Red river delta region in Vietnam

Reasons for the development of Vietnam rice export to Philippines

Vietnam rice export to Philippines is influenced by domestic status and foreign situation to supply rice.

Vietnam’s rice production

Vietnam has four main rice production areas with enormous output thanks to fertile soil, favorable weather and human’s seasoned experience. By the end of December 2020, the rice yield reached 58.7 quintals/ha, an increase of 0.5 quintals/ha; rice production was estimated at 42.69 million tons, going down by 806.6 thousand tons. With this figure, Vietnam rice export to Philippines is guaranteed in both quantity and quality.

Philippines’ rice demand

The Philippines is facing the risk of rice shortage due to tight domestic rice supply this year, while the world rice market is struggling because of late in rice shipments and the tendency to hoard food in the world. The Philippines import rice from Vietnam at least 1.69 million tons of rice this year to meet domestic demand. Vietnam rice export to Philippines has a big opportunity to boost quantity with a reasonable price.

Governmental policies

Recently, the Philippines has eliminated the difference in tax rates between imports from ASEAN, non-ASEAN and “Most Favored Nation” (MFN) with the goal of increasing imports of cheaper rice from India and Pakistan. This is a small disadvantage of Vietnam rice export to Philippines because Vietnamese rice is competitve among other large rice exporting countries like India. 

Ways to find reliable suppliers of Vietnam rice export to Philippines

Here are some outstanding and easy ways that importers could seek reliable suppliers of Vietnam rice export to Philippines.

  • Hiring intermediaries

Intermediaries often have branches in Vietnam and other countries. They can travel between Vietnam and Philippines to work with partners in the world. Therefore, they have a good connection with reputable Vietnam rice suppliers.

  • Searching on the internet

Searching on the internet is very effective if customers know how to use searching websites like Google, E-commerce platforms. These free or low cost tools will help you seek the best suppliers of Vietnam rice export to Philippines.

  • Join trade fair

This is the sensible choice of suppliers of Vietnam rice export to Philippines. Because they are confident in displaying the products they have as well as promoting their image brand.

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vietnam rice export to philippines

Top wholesalers of Vietnam rice export to Philippines

If you are wondering which wholesalers of Vietnam rice export to Philippines are reputable, here is a list of some of the best suppliers for your reference.

Docimexco Company

Docimexco Joint Stock Company is one of the best wholesalers of Vietnam rice export to Philippines. Docimexco company has several strengths in the production and processing of Vietnam rice export to Philippines, such as possessing a factory in the raw material area, so it can save time and reduce costs in the production and export of rice.

K-Agriculture Factory

In 25-year development history, K-Agriculture is one of the wholesalers of Vietnam rice export to Philippines. This company has a system of up-to-date factory with huge capacity. K-Agriculture is certified by HACCP and ISO. The main products are ST rice, jasmine rice, etc. 

If buyers would like to buy rice products from K-Agriculture Factory, feel free to contact us.

WhatsApp: +84855555694

Email: info@k-agriculture.com

Pinterest: https://www.pinterest.com/kagriculturecompany/

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K-Agriculture Company

Viet Hung Company

Viet Hung Company runs in the fields of rice milling, processing, and export. Currently, Viet Hung Company specializes in selling all kinds of specialty rice that gain the export standards. This company contributes a lot to developing Vietnam rice export to Philippines.

For reference, if you want to know more about agricultural suppliers in the Philippines, please click on this link to know about Vietnamese coffee suppliers in the Philippines: https://k-agriculture.com/get-to-know-vietnamese-coffee-supplier-in-the-philippines-with-k-agriculture/

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