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 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.
Attaché Report (GAIN)
Vietnam: Vietnam Issues Decree Revising and Amending Regulation of Timber Legality Assurance System
This report provides an unofficial translation of Vietnam's Government Decree 120/2024, issued on September 30, 2024.
Growth in the agricultural sector slowed in the first nine months of 2024 due to extreme weather, particularly Typhoon Yagi, which severely affected crop cultivation and livestock farming.
Upcoming
All times in ET.
Mar 18
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2025
Trade Show
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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.