Vietnam’s soya bean imports fell 7.81 percent month-on-month in February, reaching US$79.22 million, according to Vietnam’s General Department of Customs. This follows January’s total of US$85.93 million, bringing year-to-date imports to US$165.15 million.
The USA remained the dominant supplier, accounting for 75.45 percent of total imports at US$59.77 million, despite a 26.02 percent decline from the previous month. In contrast, imports from Canada surged 296.81 percent to US$18.34 million, making up 23.15 percent of the total. Cambodia also saw a significant increase, with shipments more than doubling to US$678,750.
Overall, while Vietnam’s reliance on US soya beans remains strong, the surge in imports from Canada suggests a shift in sourcing strategies.
See also: Animal Feed Industry in Vietnam
Vietnam soya bean imports, February 2025, US$ millions
February | % Total | January | MoM | YTD | |
Total | 79.22 | 100.00% | 85.93 | -7.81% | 165.15 |
Other | 0.43 | 0.54% | 0.17 | 146.32% | 0.60 |
USA | 59.77 | 75.45% | 80.80 | -26.02% | 140.57 |
Canada | 18.34 | 23.15% | 4.62 | 296.81% | 22.96 |
Cambodia | 0.68 | 0.86% | 0.34 | 102.01% | 1.01 |