2022
Exports
$3.14MWorld Rnk 57 / 139
Flag Rnk 804 / 1176
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$1.15BWorld Rnk 14 / 200
Flag Rnk 54 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $3.14M in Soybeans, making it the 57th largest exporter of Soybeans in the world. At the same year, Soybeans was the 804th most exported product in Vietnam. The main destination of Soybeans exports from Vietnam are: Cambodia ($2.85M), Netherlands ($122k), Laos ($69.6k), Australia ($23.1k), and United States ($17.4k).

The fastest growing export markets for Soybeans of Vietnam between 2021 and 2022 were Cambodia ($1.42M), Netherlands ($102k), and Australia ($12.4k).

Imports In 2022, Vietnam imported $1.15B in Soybeans, becoming the 14th largest importer of Soybeans in the world. At the same year, Soybeans was the 54th most imported product in Vietnam. Vietnam imports Soybeans primarily from: Brazil ($606M), United States ($421M), Canada ($58.8M), Argentina ($19.2M), and South Africa ($18.4M).

The fastest growing import markets in Soybeans for Vietnam between 2021 and 2022 were Brazil ($51.5M), South Africa ($18.4M), and Argentina ($13M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybeans. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.14M
IMPORTS (2022)$1.15B
NET TRADE (2022)-$1.15B

In 2022, Vietnam exported $3.14M in Soybeans. The main destinations of Vietnam exports on Soybeans were Cambodia ($2.85M), Netherlands ($122k), Laos ($69.6k), Australia ($23.1k), and United States ($17.4k).

In 2022, Vietnam imported $1.15B in Soybeans, mainly from Brazil ($606M), United States ($421M), Canada ($58.8M), Argentina ($19.2M), and South Africa ($18.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$1.42M (98.7%)
Netherlands$102k (491%)
Australia$12.4k (116%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Vietnam WERE (2021 - 2022):
Belgium-$247k (-99.9%)
Germany-$15k (-56.1%)
Russia-$2.75k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Soybeans were:
In 2022, Vietnam's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $193k
TOP IMPORT POTENTIALBrazil+ $56.4M

Soybeans’s highest export potential is Netherlands. With an export gap of $193k.   Soybeans’s highest import potential is Brazil with an import gap of $56.4M.

See methodology.

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