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
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.
In 2023, feed demand was low due to weak demand in Europe and the United States for Vietnamese produced aquaculture products. Post expects aquaculture and livestock production to rebound in the in MY 2024/25 increasing overall feed demand and as a result also increasing corn consumption. As domestic corn production remains uncompetitive with foreign imports, corn imports are forecast to grow Wheat imports are forecast to decline due to market volatility.
Vietnam’s food processing industry comprises some 11,000 companies, valued at $73.8 billion in 2023. Growth in 2023 was 6.1%, down from a blistering 8.8% in 2021 and 2022.
News and Features
News Release
USDA Announces Planned Trade Missions for 2024, Shares Next Steps for Regional Agricultural Promotion Program
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.
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...