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.