Vietnam’s imports of soya beans decreased by 22.29 percent month-on-month in January, reaching US$85.93 million, according to Vietnam’s General Department of Customs. This follows a decline from US$110.58 million recorded in December.
Year-to-date, Vietnam’s total imports of soya beans stood at US$85.93 million. The USA remained the largest supplier, contributing US$80.80 million, or 94.1 percent of the total. Canada followed with US$4.62 million, representing 5.4 percent, while Cambodia supplied US$336,000.
Among major suppliers, Canada recorded the highest month-on-month growth, increasing by 23.65 percent, while imports from Cambodia saw the steepest decline, falling by 76.82 percent. The USA also experienced a drop of 14.41 percent.
Vietnam’s soya bean imports remain heavily reliant on the USA, which accounts for nearly 95 percent of total imports. While Canada showed growth, overall imports from key suppliers, particularly Cambodia, declined, reflecting shifting trade dynamics in the soya bean market.
See also: Food and Beverage Industry in Vietnam
Vietnam soya bean imports, January, US$ millions
| January | December | MoM | YTD | % of Total | |
| Total | 85.93 | 110.58 | -22.29% | 85.93 | 100.00% |
| Other | 0.17 | 10.99 | -98.42% | 0.17 | 0.20% |
| USA | 80.80 | 94.40 | -14.41% | 80.80 | 94.03% |
| Canada | 4.62 | 3.74 | 23.65% | 4.62 | 5.38% |
| Cambodia | 0.34 | 1.45 | -76.82% | 0.34 | 0.39% |