Vietnam cuts corn imports in H1 2025, prices show mixed trend

• Compared to May 2025, volume and value declined sharply by 53.6% and 53.9%, respectively, while the price dropped slightly by 0.7%.
• Relative to June 2024, imports fell by 28.2% and 22.9%, respectively in volume and value, but average price rose by 7.3%.

Key suppliers

Argentina:

Argentina remained Vietnam’s largest corn supplier in H1 2025, accounting for over 53% of the total import volume and value.

• Total volume: nearly 2.36 million tons
• Total value: over USD 611.25 million
• Average price: USD 258.6 per ton

Compared to H1 2024, imports from Argentina fell by 7.1% in volume and 0.9% in value, while the average price increased by 6.7%.

In June 2025, Vietnam imported 392,055 tons of corn from Argentina, worth USD 100.68 million, at an average price of USD 256.8/ton. Compared to May 2025, both volume and value plunged over 51%, with the price down 0.6%.

Compared to June 2024, imports fell 26.9% in volume and 22% in value, but the price increased by 6.6%.

Brazil:

Brazil was Vietnam’s second-largest supplier, accounting for 22.6% of total volume and 21.7% of total import value.

• Import volume: over 1 million tons
• Value: USD 250.17 million
• Average price: USD 249.4/ton

Compared to the first half of 2024, imports from Brazil dropped by 32.8% in volume, 34.7% in value. The average price declined by 2.9%.

Other markets

In addition to the two main markets, Vietnam also imported corn from several other sources in H1 2025:

Laos:

• Volume: 49,561 tons
• Value: USD 11.19 million
• Average price: USD 225.7/ton

Relative to H1 2024, volume, value and price were down 33.6%, 40%, and 9.7%, respectively.

Thailand:

• Volume: 2437 tons
• Value: USD 9.36 million

Compared to H1 2024: volume down 27.6%, value down 20%.

India:

• Volume: 1645 tons
• Value: USD 2.89 million

Compared to H1 2024: volume down 35.8%, value plummeted by 57.8%.