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Import News
2025-08-20
In 2024, global spending on imported rice amounted to US$38.3 billion.
Compared to 2020 when worldwide rice imports were valued at $27 billion, the overall figure has grown by an average 42.1%. On a year-to-year basis, international rice purchases expanded by 10.1%, up from $34.8 billion in 2023.
The five leading importers of rice were Indonesia, the Philippines, Saudi Arabia, Vietnam, and Iraq. Collectively, these nations accounted for about 27.7% of global demand for imported rice.
From a regional perspective, Asia was the top market for imported rice in 2024, with purchases worth $19.1 billion, equal to 50% of the worldwide total. African buyers ranked second with 21.1%, while Europe represented 13.6% of global rice imports.
Smaller proportions were attributed to North America (6.93%), Latin America including the Caribbean but excluding Mexico (6.92%), and Oceania (1.4%), primarily Australia, Papua New Guinea, and New Zealand.
For trade classification, rice is identified under the 4-digit Harmonized Tariff System code 1006.
Leading Rice Importing Countries in 2024
Below are the top 15 rice importers ranked by import value:
1.Indonesia: US$2.7 billion (7.1% of global imports)
2.Philippines: $2.5 billion (6.6%)
3.Saudi Arabia: $2 billion (5.2%)
4.Vietnam: $1.71 billion (4.5%)
5.Iraq: $1.66 billion (4.3%)
6.United States: $1.62 billion (4.2%)
7.Malaysia: $1.1 billion (2.9%)
8.Ivory Coast: $1 billion (2.6%)
9.Mainland China: $920.7 million (2.4%)
10.Senegal: $783.8 million (2%)
11.United Kingdom: $756.4 million (2%)
12.Iran: $711.9 million (1.9%)
13.Benin: $705.7 million (1.8%)
14.France: $686.1 million (1.8%)
15.United Arab Emirates: $685.8 million (1.8%)
Together, these 15 countries represented 51.1% of total rice imports worldwide in 2024, underscoring the broad geographic scope of rice demand.
Among these leading markets, the fastest-growing importers since 2023 were Vietnam (+93.1%), Senegal (+57.4%), Philippines (+54%), and Indonesia (+51.5%).
Conversely, two major markets saw declines: Iran (-48.5%) and Mainland China (-34.6%).
Top Rice Importing Companies in 2024
According to Tendata, the largest corporate rice importers during 2024 were:
1.PERUM BULOG (10.75%, $1,384.39 million)
2.BULOG (7.98%, $1,027.98 million)
3.STE DE DISTRIBUTION DE TOUTE M (3.55%, $457.6 million)
4.OOO PSM FAST WAY (2.67%, $344.5 million)
5.BLY AGRI VENTURE TRADING (1.04%, $134.18 million)
6.OLAM CAMEROUN SA (0.95%, $122.82 million)
7.PT BUDI MAKMUR PERKASA (0.84%, $107.57 million)
8.FRAMARA MERCHANTS LIMITED (0.83%, $106.65 million)
9.FOUANI BROTHERS CORPORATION (0.77%, $99.46 million)
10.MEXICANA DE ARROZ (0.73%, $94.23 million)
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