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
The United States is largest agricultural trading partner with Vietnam that does not have an FTA with Vietnam. The MFN tariff rates that apply to U.S. agricultural products are substantially higher than those stipulated in Vietnam’s many FTAs.
In MY 2023/2024, Vietnam’s rice production appears to be remained stable compared to previous year. Despite a slight decline in harvested areas because of climate change as drought and salt-instruction. By adjusting the crop calendar and adopting new rice high-yield, disease-tolerance rice varieties have led to higher yields compared to the previous year, thereby, offsetting losses from reduced harvested areas.
This report serves as a practical guide for U.S. exporters wishing to initiate or increase exports of U.S. consumer-oriented and seafood products to Vietnam. It provides an overview of the market potential, practical tips, consumer preferences and trends, food standards and regulations, import and inspection procedures, and useful contacts.
Upcoming
All times in ET.
Mar 18
Mar 20
2025
Trade Show
|
USDA Endorsed
Food and Hotel Hanoi
Hanoi, Vietnam
News and Features
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.
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.