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Largest Rice Exporters in the World in 2024

The global rice market is a dynamic and complex landscape, with several countries fighting for dominance in the export market. As the world’s population continues to grow, the demand for rice is also growing. In 2024, few nations have emerged as the largest rice exporters to meet the global appetite for this grain. Read this article to explore the details of the global rice market.   

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List of Top 6 Rice Exporters in the World

  • India
  • Thailand
  • Vietnam 
  • Pakistan
  • United States
  • China 

1- India

India is a top player in the global rice market. The country’s rice exports have increased through advancements in agricultural practices, technological innovations, strategic trade policies, and effective market strategies.

The widespread use of genetically improved high-yielding varieties (HYVs) has led to a substantial increase in rice yields and the implementation of precision farming techniques, such as precision irrigation and crop monitoring, has improved the efficiency of rice cultivation.

The Indian government has also invested heavily in the development of climate-smart rice varieties, which are better equipped to survive the challenges posed by climate change. These varieties have been designed to be more resilient to drought, flood, and heat stress.

India’s trade policies have also played a crucial role in the country’s rice exports. The government has implemented a range of measures to support the rice industry, including subsidies on farm inputs, agricultural credit, and market infrastructure development. 

In terms of market strategies, Indian rice exporters have been successful in diversifying their customer base, targeting markets in Africa, Southeast Asia, and the Middle East, where it is seen as a high-quality and affordable option. Indian rice exporters have also been proactive in adapting to changing market trends, such as the growing demand for organic and non-GMO (non-genetically modified organism) rice products.

Rice exports play a significant role in India’s economy, particularly in terms of foreign exchange earnings and employment generation. In 2024, India is expected to continue its position as one of the largest rice exporters in the world, with exports valued at over $10,766,623,000. 

This will not only contribute to the country’s foreign exchange reserves but also provide employment opportunities for millions of people involved in the rice industry, from farmers to traders and exporters.

2- Thailand

Thailand is renowned for its high-quality rice. One of the key factors behind Thailand’s rice export dominance is its agricultural practices. The country’s fertile soil, favorable climate, and advanced irrigation systems make it an ideal location for rice cultivation. 

Thai farmers have also adopted modern farming techniques, such as precision agriculture and crop rotation, to increase yields and reduce costs. This process has enabled them to produce high-quality rice that meets the demands of both domestic and international markets.

Another crucial factor is Thailand’s technological advancements in rice processing and storage. The country has invested heavily in modern rice mills and storage facilities and ensured that the rice is processed and stored efficiently to maintain its quality and shelf life. 

Thailand has signed several free trade agreements (FTAs) with other countries, which have helped to reduce tariffs and increase market access for Thai rice.

The country has focused on developing niche markets, such as organic and fragrant rice, which are in high demand globally. Thailand has also invested in branding and marketing efforts to promote its rice products.

In 2024, rice exports are expected to continue to play a vital role in Thailand’s economy. The country’s revenue from rice exports is $3,959,331,000.

3- Vietnam 

Vietnam’s rice exports have been a significant contributor to the country’s economy. One of the key factors that contributed to Vietnam’s success in rice exports was its ability to resist the impact of wars. The country was heavily involved in the Vietnam War, which lasted from 1955 to 1975 but Vietnam managed to resist and emerged as the third major player in the global market. 

Vietnam’s rice exports have a long history, dating back to the early 20th century. However, it was not until the 1980s that the country began to focus on rice production and exports as a key component of its economic development strategy. 

This was driven by the government’s decision to implement agricultural reforms, which aimed to increase rice production and exports to improve the country’s economic stability and reduce its dependence on foreign aid.

In the 1990s, Vietnam continued to focus on rice production and exports, and the country’s rice exports began to grow rapidly. On the other hand, Vietnam’s membership in the World Trade Organization (WTO) in 2007 provided the country with greater access to international markets and helped to increase its rice exports.

Today, Vietnam is one of the largest rice exporters in the world, with the country’s rice exports valued at over $2,522,259,000 in 2024. The country’s rice exports are primarily destined for countries in Asia, including the Philippines, China, and Indonesia, as well as countries in Africa, including Cote d’Ivoire and Ghana.

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4- Pakistan

Pakistan has overcome challenges such as dictatorship, corruption, and economic turmoil to become one of the largest rice exporters in the global rice market. In 2024, the country is poised to set a new record for rice exports, with shipments expected to exceed 5 million tons for the first time in history.

Pakistan’s rice exports have been on an upward trajectory, with a 95.26% increase in the first seven months of the current fiscal year (FY 2023-24) compared to the same period last year. The country has generated a revenue of $2,352,983,000. 

One of the key factors contributing to Pakistan’s rice export success is the expansion of planting area and the improvement of technology. The country’s rice harvest is expected to rise by 5.6% year-on-year to 9.5 million tonnes in 2024/25.

The ban on rice exports by India has also provided an opportunity for Pakistan to increase its presence in the global market. Pakistani rice has expanded into several new markets in Southeast Asia and Western countries.

Pakistan’s rice exports are not only benefiting from the Indian export ban but also from the high quality and unique characteristics of its rice varieties. Basmati rice, in particular, is renowned for its long grains, fragrant aroma, and excellent cooking properties. 

Despite the challenges faced by the country, Pakistan’s agricultural sector has shown resilience and adaptability. The government’s efforts to support the rice industry, such as providing subsidies and improving infrastructure, have played a crucial role in boosting exports.

However, there is still room for improvement. The country needs to focus on marketing its rice more effectively and maintaining its export levels in the coming years. Research and development in the agricultural sector, particularly in universities, can help increase per-acre yields and improve the overall quality of Pakistani rice.

5- United States

The United States has also emerged as a significant player in the global rice market, with its exports reaching new heights in 2024. Despite facing challenges from larger exporters like India and Thailand, the U.S. has managed to maintain its position as a reliable supplier of high-quality rice to various parts of the world.

In 2023, the United States exported around 3 million metric tons of rice, valued at approximately $2 billion. In 2024, the United States generated a revenue of $1,703,807,000. This represents a slight increase from the previous year’s exports.

One of the key factors contributing to the success of U.S. rice exports is the diversity of its markets. While countries like Japan, Mexico, and Haiti remain the top destinations for U.S. rice, the country has also managed to expand its reach to new markets in the Middle East, South America, and Asia. 

Another factor that has boosted U.S. rice exports is the high quality and unique characteristics of its rice varieties. American long-grain rice, in particular, is known for its excellent cooking properties and versatility in various cuisines. 

Despite these successes, the U.S. rice industry faces several challenges in the coming years. One of the most pressing issues is the increasing competition from other major exporters, particularly India and Thailand, which have been able to offer lower prices due to their large domestic production and government subsidies. 

Another challenge is the potential impact of climate change on rice production. As extreme weather events become more frequent and severe, the U.S. will need to invest in research and development to develop more resilient rice varieties and improve its irrigation systems. Collaboration with international organizations and other rice-producing countries will be crucial in addressing these challenges and ensuring the long-term sustainability of the U.S. rice industry.

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6- China 

China’s rice exports have increased over the years. In 2022, China emerged as the 6th largest rice exporter in the world. Today, China is generating a revenue of $1,033,704,000 through its rice exports. 

The significant export volume is evidence of China’s agricultural expertise and the ability to provide premium rice to several nations. The main destinations of China’s rice exports include South Korea, Egypt, Turkey, Papua New Guinea, and Japan.

China’s rice exports experienced significant growth between 2021 and 2022, particularly in markets such as Egypt, Turkey, and South Korea. The growth can be attributed to a combination of factors, including increased demand for rice in these countries and China’s ability to supply high-quality rice at competitive prices. 

China’s strategic trade agreements with these countries have also contributed to the growth in rice exports.

Challenges of Climate Change and Disruption of the Global Rice Market 

Climate change poses a significant threat to agriculture worldwide. The global rice market is also facing an alarming situation due to the changing climate.  

1- Impact of Climate Change on Rice Production

Rice cultivation is highly sensitive to climatic conditions, with temperature, rainfall patterns, and extreme weather events playing roles in crop yields. Climate change-induced phenomena like rising temperatures, altered precipitation patterns, and increased frequency of extreme weather events pose substantial challenges to rice production globally. 

Higher temperatures can affect the growth and development of rice plants, leading to reduced yields. Changes in rainfall patterns can result in water scarcity. Extreme weather events like floods, droughts, and storms can devastate rice crops and cause significant losses in production.

2- Vulnerability of Smallholder Farmers

The majority of rice producers globally are smallholder farmers, who are particularly vulnerable to the effects of climate change. These farmers often lack the resources and technology to adapt to changing climatic conditions effectively.

As a result, they face challenges in maintaining stable rice production and securing their livelihoods. Climate change intensifies existing vulnerabilities and pushes smallholder farmers further into poverty and food insecurity.

3- Disruption of Global Rice Trade

The production and trade of rice across countries is the foundation of the world’s rice market. Variations in rice production due to climate-related factors can lead to fluctuations in supply and demand.

Import-dependent countries may face challenges in securing an adequate supply of rice due to production losses in major exporting regions. This can result in price spikes, food shortages, and increased market volatility, impacting both producers and consumers.

Adaptation Strategies in the Face of Climate Change

To address the challenges posed by climate change and its impact on the global rice market, various adaptation strategies are being implemented by different countries and organizations. 

These strategies include the development of climate-resilient rice varieties, improved water management practices, adoption of sustainable agricultural techniques, and strengthening of early warning systems for extreme weather events. 

Investing in research and innovation to enhance the resilience of rice production systems is crucial to mitigating the adverse effects of climate change on the global rice market.  

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The global rice market is shaped by key players like India, Thailand, Vietnam, Pakistan, the United States, and China, each contributing significantly to rice exports worldwide. These countries leverage various factors such as advanced agricultural practices, technological innovations, strategic trade policies, and market diversification to maintain their positions. 

However, challenges such as climate change impacts and market competition remain pressing concerns. Collaborative efforts involving research, sustainable practices, and international partnerships are essential to ensure the stability and sustainability of the global rice trade. 


1- Who is the Top Exporter of Rice in 2024?

India is the largest rice producer in the world in 2024. 

2- Which City of Pakistan is Famous for the Production of Rice?

“Hafizabad” is the most famous city for the production of rice. It is also known as the “City of Rice”. 

3- What is the Old Name of Rice? 

Rice was once known by the name “Oryza sativa.” This is the name given to the rice-producing plant in science.

Oleksandra Mamchii

Working as a academic lead at Best Diplomats.

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