05 Aug 2025
Vietnam cuts corn imports in H1 2025, prices show mixed trend
Vietnam's corn imports shrank year-on-year, with top supplier Argentina posting moderate declines and Brazil dropping steeply.
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Tiếng Việt (Vietnamese)
Vietnam imported nearly 4.45 million tons of corn in the first half of 2025 (H1 2025), worth over USD 1.15 billion. The average price was USD 259.3/ton, according to preliminary data from the Vietnam General Department of Customs recently.
Compared to H1 2024, import volume fell by 8.3% and value declined by 5.1%, but the average price increased by 3.5%.
In June 2025 alone, Vietnam imported 469,996 tons of corn valued at USD 122.25 million, with an average price of USD 260/ton.
- 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%.
