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According to the Ministry of Agriculture and Environment, Vietnam's import turnover of agricultural, forestry and aquatic products in March 2026 is estimated at US$4.46 billion, a sharp increase of 37% compared to the previous month and a 6.6% increase compared to the same period in 2025. For the first three months of 2026, the total import turnover of the entire sector reached US$11.91 billion, an increase of 3.6% compared to the same period last year...
In the first quarter of 2026, Vietnam imported 847,000 tons of soybeans, worth 405 million USD. (Illustrative image.)
By product group, the value of agricultural imports reached US$7.62 billion, an increase of 6.3%; livestock products reached US$1.16 billion, an increase of 10%; and forestry products reached US$786.8 million, an increase of 16.1%. Conversely, seafood imports reached US$746.8 million, a decrease of 1.8%; and production inputs reached US$1.59 billion, a decrease of 13%. Notably, salt imports reached US$9.1 million, a sharp increase of 75.6% compared to the same period last year.
IMPORTS OF GRAINS AND VEGETABLES INCREASE SHARPLY
In terms of markets, Asia and the Americas continue to be the main sources of supply with market shares of 27.7% and 26.6%, respectively. The remaining regions account for smaller shares, including Oceania at 4.6%, Europe at 3.9%, and Africa at 3.8%. Compared to the same period in 2025, imports from Asia decreased by 2.7%, while imports from the Americas increased by 10.9%, Oceania saw a sharp increase of 38.2%, and Africa increased by as much as 56%; only Europe decreased by 3.3%.
At the national level, the United States, China, and Brazil are the three largest supplier markets with market shares of 11.8%, 9.9%, and 9.8%, respectively. Notably, imports from the United States increased sharply by 53.4%, China by 13.3%, and Brazil by 11.1% compared to the same period last year.
Among key imported goods, wheat recorded impressive growth. In March 2026 alone, Vietnam imported 1.3 million tons of wheat, worth $158.1 million; the cumulative figure for the first three months of 2026 reached 3 million tons and $603.8 million, an increase of 84.5% in volume and 40.3% in value compared to the same period in 2025.
Soybean imports in March reached 240,000 tons, valued at $116.9 million; cumulative imports for the first quarter of 2026 reached 847,100 tons and $404.9 million, increasing by 46.9% and 54.6% respectively. Corn imports also increased sharply, with 1.4 million tons imported in March, valued at $347.9 million; cumulative imports for the first three months reached 4.1 million tons and $1 billion, an increase of 90.2% in volume and 83.4% in value.
For fruits and vegetables, import turnover in March 2026 reached US$230 million, bringing the total value for the first three months of the year to US$795.4 million, an increase of 31.5% compared to the same period last year. China and the United States were the two largest suppliers with market shares of 37.9% and 29.5%, respectively. Compared to the same period, imports from China increased by 41.2% and from the United States increased by 52.2%.
In the cashew nut sector, March 2026 recorded imports of 350,000 tons with a value of US$577.4 million. Cumulative imports for the first quarter of 2026 reached 636,000 tons and US$1.04 billion, an increase of 12.5% in volume and 13.1% in value. Tanzania was the largest supplier with a market share of 33.1%, followed by Cambodia (21.2%), Ivory Coast (19.8%), and Indonesia (2.2%).
Rubber imports in the first quarter of 2026 reached 441.4 thousand tons, valued at US$707.4 million, an increase of 3.2% in volume but a decrease of 4.7% in value. The three main supplier markets were Cambodia (31.4%), China (16.2%), and South Korea (10.7%).
For livestock products, the total import value in the first three months of 2026 reached US$1.16 billion, an increase of 10%. Of this, imports of milk and dairy products reached US$410.7 million, an increase of 20.6%; while imports of meat and edible by-products reached US$429.5 million, a slight decrease of 0.9%.
In the seafood sector, import value in March 2026 is estimated at US$280 million, bringing the total import value for the first quarter of 2026 to US$746.8 million, a decrease of 1.8% compared to the same period last year. The main supplier markets include India (16%), Indonesia (12.4%), and Norway (11.8%).
Meanwhile, imports of wood and wood products in March reached $270 million, bringing the total value for the first quarter of 2026 to $775.4 million, a 16.1% increase year-on-year. China, the United States, and France were the three largest suppliers, with market shares of 38.4%, 21%, and 3.7%, respectively. Compared to the same period in 2025, imports from China increased by 12%, from the United States by 2.1 times, and from France by 27.7%.
REDUCE IMPORTS OF AGRICULTURAL SUPPLIES
Amidst the volatile agricultural input import market, data for the first three months of 2026 shows a downward trend in some key product groups, while others maintain a slight increase.
Specifically, the volume of imported fertilizers of all types in March 2026 is estimated at 450,000 tons, equivalent to a value of 134.9 million USD. For the first three months of 2026, the total volume of fertilizer imports reached 910,200 tons with a value of 290.9 million USD, a sharp decrease of 31.7% in volume and 30.9% in value compared to the same period in 2025. However, the average import price recorded a slight upward trend, reaching 319.6 USD/ton, an increase of 1.2%.
Vietnam's trade balance in agriculture, forestry, and fisheries in March 2026 is estimated to have a surplus of US$1.55 billion, an increase of 90.9% compared to the previous month but a decrease of 19.3% compared to the same period last year. For the first three months of 2026, the trade surplus in agriculture, forestry, and fisheries is estimated at US$4.78 billion, an increase of 12% compared to the same period in 2025.
In terms of markets, China continues to be the largest supplier of fertilizers with a market share of 48.2%, followed by Russia (16.2%) and Laos (7.6%). Compared to the same period last year, the value of imports from China decreased by 12.1%, Russia by a significant 56.5%, and Laos by 14.2%. Notably, among the top 15 markets, Thailand recorded the strongest increase of 32.1%, while Israel experienced a sharp decline of 88.9%.
For animal feed and raw materials, the import value in March 2026 is estimated at US$420 million, bringing the total import value for the first three months of 2026 to US$1.05 billion, a decrease of 9.5% compared to the same period last year. The United States, Argentina, and China are the three main supplier markets, accounting for market shares of 26.5%, 21.7%, and 9.8%, respectively. Compared to the same period, imports from the United States increased sharply by 48.8%, China by 33.3%, while Argentina experienced a significant decrease of 62%. Among the top 15 markets, Canada saw the strongest growth with a 2.6-fold increase, while Brazil experienced the sharpest decline with a 66.8% decrease.
Specifically for pesticides and raw materials, the import value in March 2026 is estimated at US$120 million, bringing the total import value for the first three months of 2026 to US$243.9 million, a slight increase of 1% compared to the same period in 2025. China continues to be the main supplier, accounting for 44.5% of the market share, followed by India (15%) and Singapore (5.6%). However, import values from these main markets decreased in the first two months of 2026, with China down 10.1% and India down 12.3%, indicating a trend of adjustment in the import structure of this item.
Source: vneconomy.vn
