U.S. Trade with Vietnam in 2023

Export Market Rank
#10 Among U.S. Agricultural Export Markets
Total Export Value
$3.14 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 $750.15 Million 352,301 $960.78 Million 91%
Soybeans $377.9 Million 651,450 $356.06 Million 11%
Distillers Grains $341.74 Million 1.1 Million $250.8 Million 110%
Soybean Meal $244.14 Million 477,326 $161 Million 35%
Tree Nuts $237.51 Million 39,669 $232.25 Million -17%
Other Feeds, Meals & Fodders $187.55 Million 213,066 $124.69 Million 109%
Dairy Products $146.12 Million 88,245 $181.01 Million -45%
Wheat $145.05 Million 418,435 $80.56 Million 87%
Poultry Meat & Prods. (excl. eggs) $121.88 Million 118,017 $104.02 Million 70%
Fresh Fruit $105.09 Million 54,553 $99.09 Million 15%

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Data and Analysis

International Agricultural Trade Report

Opportunities for U.S. Agricultural Products in Vietnam and Thailand

Vietnam offers abundant opportunities for exporting consumer-oriented products, despite the challenges of recovering from the COVID-19 pandemic and dealing with high inflation. The Vietnamese economy is poised for significant expansion in the coming decades. With a burgeoning population and a growing middle class, Vietnamese consumers are becoming more discerning about the origin and composition of their food.
This report provides an unofficial translation of Vietnam’s Ministry of Agriculture and Rural Development (MARD) Circular 04/2024 dated April 1, 2024. This Circular amends and supplements existing Circulars concerning the quarantine of terrestrial animals and their products, and it will enter into force on May 16, 2024.
Attaché Report (GAIN)

Vietnam: Cotton and Products Annual

Vietnam’s cotton imports for marketing year 2024/25 (MY 2024/25) are forecast at 6.8 million bales, up 3 percent over MY 2023/24 based on an expected recovery in global demand for textiles and garments by mid-2024.

News and Features

Secretary Vilsack announced next steps in USDA's efforts to bolster U.S. agricultural trade, including the planned trade missions for 2024 and the opening of a public comment period for the new Regional Agricultural Promotion Program.
Leaders from three state agriculture departments and 29 U.S. agribusinesses and organizations will accompany U.S. Department of Agriculture Under Secretary Alexis M. Taylor on a trade mission to Southeast Asia October 30 – November 3 to expand export opportunities for U.S. food and farm products to the Association of Southeast Asian Nations (ASEAN), the world’s fourth-largest market.
Feature

Texas Grapefruit Heading to Vietnam

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...