Vietnam’s January 2025 Import Statistics for Corn, Soybeans, and Wheat
Vietnam remains a key importer of agricultural commodities, particularly for livestock feed and food processing industries. According to preliminary data from Vietnam Customs (TCHQ VN), the country imported over 1 million tons of corn, 185,833 tons of soybeans, and 403,558 tons of wheat in January 2025.
A comparison with January 2024 shows distinct market trends:
- Corn imports increased by 2% in volume but saw a 0.2% decline in total value due to a 2.2% drop in price per ton.
- Soybean imports declined significantly, with a 22.3% reduction in both volume and value, although the price per ton remained stable (-0.01%).
- Wheat imports saw the biggest drop, with a 24.6% decrease in volume, a 31.3% reduction in value, and an 8.9% decline in price per ton.
Breakdown by Commodity and Supplier Markets
Corn Imports
- Total imports: Over 1 million tons
- Total value: $249.77 million
- Average price per ton: $249.5
- Top Suppliers:
- Brazil: 594,563 tons (59.4% of total imports)
- Argentina: 387,195 tons
- Laos: 15,100 tons (1.5% of total imports)
Brazil remains Vietnam’s largest corn supplier, accounting for nearly 60% of total imports. Argentina follows closely, while Laos has increased its exports to Vietnam, highlighting growing regional trade cooperation.
Soybean Imports
- Total imports: 185,833 tons
- Total value: $85.93 million
- Average price per ton: $462.4
- Top Suppliers:
- United States: 177,087 tons (95.3% of total imports)
- Canada: 8,069 tons
- Cambodia: 455 tons (0.2% of total imports)
The United States continues to dominate soybean exports to Vietnam, supplying over 95% of the country’s total imports. However, the significant drop in volume (-22.3%) suggests a possible shift in domestic demand or increased reliance on alternative protein sources.
Wheat Imports
- Total imports: 403,558 tons
- Total value: $107.42 million
- Average price per ton: $266.2
- Top Suppliers:
- Brazil: 210,260 tons (52.1% of total imports)
- Australia: 62,371 tons
- Canada: 54,565 tons (13.5% of total imports)
Brazil has overtaken Australia as Vietnam’s largest wheat supplier, providing over 50% of total wheat imports. The overall drop in wheat imports (-24.6%) suggests changes in Vietnam’s wheat consumption patterns or increased reliance on domestic grain production.
Market Trends and Implications
- Corn Demand Remains Strong
- Stable demand for livestock feed continues to support corn imports.
- The price decline (-2.2%) reflects adjustments in global corn markets, likely influenced by improved supply conditions.
- Soybean Imports Drop Sharply
- The significant reduction (-22.3%) may be due to changing domestic demand or higher local production.
- The U.S. remains Vietnam’s dominant supplier, but its share could decline further if demand weakens.
- Wheat Imports See the Largest Decline
- The shift toward Brazilian wheat suggests a strategic trade adjustment.
- The steep drop (-31.3% in value) indicates lower overall wheat consumption or improved domestic supply chains.
Vietnam’s import patterns for corn, soybeans, and wheat in January 2025 highlight dynamic shifts in agricultural trade. While corn demand remains stable, soybean and wheat imports have dropped significantly, reflecting possible changes in domestic consumption, market supply, and global trade flows. Brazil continues to strengthen its position as a major grain supplier to Vietnam, while the U.S. maintains dominance in the soybean market. These trends will be crucial for policymakers, farmers, and agricultural traders as they navigate supply chain strategies for the coming year.
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