Vietnam
U.S. Trade with Vietnam in 2023
Export Market Rank
#10 Among U.S. Agricultural Export Markets
Total Export Value
$3.16 Billion
3-Year Average
$3.36 Billion
Compound Average Growth
3.1% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Vietnam in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Cotton | $748.33 Million | 351,237 | $960.6 Million | 91% |
| Soybeans | $410.75 Million | 704,380 | $359.15 Million | 21% |
| Distillers Grains | $340.01 Million | 1.09 Million | $250.69 Million | 109% |
| Soybean Meal | $244.5 Million | 477,627 | $161.04 Million | 35% |
| Tree Nuts | $237.62 Million | 39,685 | $232.27 Million | -17% |
| Other Feeds, Meals & Fodders | $182.9 Million | 206,619 | $124.19 Million | 104% |
| Dairy Products | $147.36 Million | 88,727 | $181.11 Million | -44% |
| Wheat | $145.32 Million | 419,358 | $80.59 Million | 87% |
| Poultry Meat & Prods. (excl. eggs) | $121.58 Million | 117,692 | $103.95 Million | 70% |
| Fresh Fruit | $104.97 Million | 54,443 | $99.08 Million | 15% |
Data and Analysis
Rising coffee prices have motivated farmers to increase investments in coffee farming, helping recovery from the early summer drought this year and reducing harvest and post-harvest loss.
Vietnam’s cotton imports for marketing year 2024/25 (MY 2024/25) are estimated at 6.8 million bales, up 4 percent over MY 2023/24 based on an expected recovery in global demand for textiles and garments by late 2024.
The Government of Vietnam (GVN) issued Decree 144/2024/ND-CP on November 1, 2024, lowering Most-Favored-Nation (MFN) tariff rates on soybean meal to one percent from two percent. The Decree will enter into force on December 16, 2024.
Upcoming
All times in ET.
Mar 18
Mar 20
2025
Trade Show
|
USDA Endorsed
Food and Hotel Hanoi
Hanoi, Vietnam
News and Features
From September 9-13, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service held a multi-city Agribusiness Trade Mission (ATM) in Vietnam. Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor led one of the largest USDA trade missions, which included representatives from 33 U.S. businesses, 9 State Departments of Agriculture, and 23 USDA cooperators.
U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor arrived in Ho Chi Minh City today to launch a USDA-sponsored agribusiness trade mission.
Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead a U.S. Department of Agriculture trade mission to Ho Chi Minh City and Hanoi, Vietnam, Sept. 9-13, joined by representatives from 58 agribusinesses and organizations and nine state governments that represent the diversity of U.S. agriculture.