Vietnam’s imports of milk and milk products reached US$126.52 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant increase of 13.59 percent compared to April, bringing the year-to-date (YTD) import value to US$578.95 million.

New Zealand leads despite a decline, while USA and Australia show growth:

New Zealand remained the primary source for milk and milk product imports, with a May value of US$30.85 million. This signifies a decrease of 12.59 percent from April, but New Zealand still accounts for a substantial 33.12 percent of the total year-to-date imports. The USA and Australia, conversely, saw their imports increase by 17.91 percent and 16.52 percent respectively.

Extraordinary month-on-month surges from various markets:

Several countries exhibited remarkable month-on-month growth in May, often from lower bases:

Ireland recorded an astonishing surge of 500.21 percent, reaching US$8.00 million.
Thailand imports jumped by 104.56 percent.
Singapore imports surged by 121.67 percent.
Spain saw a substantial increase of 134.20 percent.
Netherlands imports grew by 80.38 percent.
Lithuania recorded a rise of 45.30 percent.
Belgium and Malaysia also showed strong increases.
Armenia and Philippines emerged as new suppliers in May after having no imports in April.

Notable declines in imports:

Conversely, some markets faced substantial declines in imports in May:

France saw a sharp drop of 37.93 percent.
Germany imports decreased by 18.64 percent.
Poland imports fell by 16.36 percent.
Denmark and Japan also experienced notable decreases.

The overall strong increase in May’s milk and milk product imports indicates a rising demand in Vietnam, with New Zealand retaining its lead despite a slight dip, while a diverse set of new and growing suppliers contribute significantly to the market.

Vietnam imports of milk and milk products, May 2025, US$ millions

	May	April	MoM	YTD	% of YTD
Total	126.52	111.38	13.59%	578.95	100.00%
Other	9.11	9.45	-3.66%	0.00	0.00%
New Zealand	30.85	35.29	-12.59%	191.72	33.12%
USA	11.68	9.91	17.91%	40.99	7.08%
Australia	9.62	8.26	16.52%	58.03	10.02%
Ireland	8.00	1.33	500.21%	32.22	5.57%
Thailand	7.59	3.71	104.56%	28.41	4.91%
Germany	7.22	8.87	-18.64%	26.92	4.65%
Singapore	7.11	3.21	121.67%	23.69	4.09%
Malaysia	6.33	4.79	32.16%	23.54	4.07%
Netherlands	6.25	3.46	80.38%	19.83	3.43%
Belgium	4.63	3.29	40.99%	14.12	2.44%
France	4.22	6.80	-37.93%	18.72	3.23%
Japan	3.01	3.49	-13.72%	16.39	2.83%
Poland	2.66	3.18	-16.36%	9.73	1.68%
Switzerland	2.34	2.25	4.23%	10.46	1.81%
South Korea	2.12	1.73	22.08%	11.61	2.01%
Spain	1.93	0.82	134.20%	5.25	0.91%
Lithuania	1.33	0.91	45.30%	3.05	0.53%
Denmark	0.52	0.62	-14.97%	2.66	0.46%
Armenia	0.00	0.00	0.00%	0.02	0.00%
Philippines	0.00	0.00	0.00%	0.09	0.02%

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