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According to preliminary data from the General Department of Customs, Vietnam’s corn imports reached 1.44 million tons in January 2026, worth nearly USD 351.7 million, at an average price of USD 243.83/ton.
Compared with December 2025, Vietnam’s corn imports fell 4.78% in volume and 4.16% in value, while the average price edged up 0.64%. However, compared with January 2025, Vietnam’s corn imports surged 44.09% in volume and 40.81% in value, despite the average price declining 2.28%.
Brazil strengthens its lead
The structure of Vietnam’s corn import markets in January 2026 was as follows:
Brazil (largest supplier):
- 820,977 tons, worth USD 200.04 million
- Average price: USD 243.66/ton
- Compared with December 2025: volume up 21.97%, value up 24.91%, price up 2.41%
- Compared with January 2025: volume up 38.08%, value up 36.59%, price down 1.08%
- Accounted for 56.92% of total import volume and 56.88% of total value
Argentina (second-largest supplier):
- 190,929 tons, worth USD 47.09 million
- Average price: USD 246.61/ton
- Compared with December 2025: volume down 53.77%, value down 52.95%, price up 1.78%
- Compared with January 2025: both volume and value fell by over 50%
- Accounted for about 13.24% of total imports
India:
- 117,400 tons, worth more than USD 28.8 million
- Average price: USD 245.36/ton
- Compared with December 2025: volume surged 844.49%, value jumped 880.16%
- Accounted for over 8% of total imports
Southeast Asia’s share shrinks
Meanwhile, imports from Southeast Asia reached 23,250 tons, valued at USD 5.87 million, with an average price of USD 252.57/ton, down more than 30% in both volume and value compared with the previous month. The region accounted for only about 1.6% of Vietnam’s total corn imports.
Overall, although Vietnam’s corn imports in January 2026 declined slightly month-on-month, the market structure shifted noticeably. Brazil remained the dominant supplier, while imports from India surged sharply and those from Argentina dropped significantly.
These changes could directly affect input costs for Vietnam’s animal feed industry in the coming months.