Vietnam
U.S. Trade with Vietnam in 2024
Export Market Rank
#10 Among U.S. Agricultural Export Markets
Total Export Value
$3.44 Billion
3-Year Average
$3.36 Billion
Compound Average Growth
4.3% (2015-2024)
Total Export Value 2015 - 2024
Export Value by Commodity 2024
Top 10 Exports to Vietnam in 2024
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Cotton | $581.04 Million | 290,923 | $979.52 Million | -7% |
| Soybeans | $483.8 Million | 1.06 Million | $373.55 Million | 83% |
| Tree Nuts | $392.7 Million | 63,825 | $242.94 Million | 44% |
| Soybean Meal | $361.43 Million | 858,695 | $179.08 Million | 160% |
| Other Feeds, Meals & Fodders | $272.49 Million | 335,486 | $142.47 Million | 235% |
| Distillers Grains | $267.55 Million | 1.02 Million | $261.15 Million | 75% |
| Poultry Meat & Prods. (excl. eggs) | $159.79 Million | 137,401 | $112.76 Million | 91% |
| Fresh Fruit | $126.48 Million | 64,121 | $102.62 Million | 115% |
| Dairy Products | $126.06 Million | 76,711 | $167.28 Million | -25% |
| Wheat | $121.2 Million | 440,303 | $84.94 Million | 88% |
Data and Analysis
Vietnam’s livestock and aquaculture sectors expanded in Calendar Year (CY) 2024 on steady economic growth and lower feed prices. Feed importers have increased purchases and diversified suppliers.
Cotton imports are forecast to grow by six percent to 7.6 million bales in marketing year (MY) 2025/26 based on expected growth in the textile and yarn sector.
Attaché Report (GAIN)
Vietnam: Vietnam Eliminates and Reduces MFN Import Tariff Rates on Select Agricultural Products
On March 31, 2025, the Government of Vietnam (GVN) issued Decree 73/2025/ND-CP, reducing the Most-Favored-Nation (MFN) import tariff rates on corn, soybean meal, ethanol, frozen chicken drumsticks, in-shell pistachios, almonds, fresh apples, cherries, and raisins. The decree takes effect immediately.
News and Features
For Fiscal Year 2025, Food for Progress anticipates awarding five to seven new cooperative agreements, for projects of three- to five-years in duration. Priority countries include Colombia, Ethiopia, Ghana, Kenya, and Vietnam.
Private exporters reported the following sales activity for MY 2024/25: 198,000 MT of soybeans for delivery to China, 110,490 MT of corn to Mexico, 105,000 MT of soybean cake and meal for delivery to Vietnam, and 132,000 MT of corn to unknown destinations.
Wonderful Citrus is the largest fresh citrus grower, harvester, packer, and exporter in the Western United States, with offices in California and Texas. For many years, the company has worked with the U.S. Department of Agriculture (USDA), Foreign...