General Trends and Outstanding Figures
- In 2024, Vietnam’s total export value of agro-forestry-fishery products reached a record high of around USD 62.5 billion, up by 18.7% compared to 2023.
- The trade surplus in this sector stood at around USD 18 billion, an increase of 46.8%.
- In just the first quarter of 2025, agricultural exports hit USD 15.72 billion (+13.1%), with a trade surplus of USD 4.4 billion.
Details by Key Categories
| Product | Exports in 2024 | Growth vs. 2023 |
| Rice | USD 5 billion | +11% in volume, +24% in value (≈USD 627/ton) |
| Coffee | ~USD 5.2 billion | Surpassed USD 5 billion for the first time, despite a ~14% drop in volume |
| Fruits & Vegetables | ~USD 7.1 billion | Growth of ~27% |
| → Frozen Durian | ~USD 3.2 billion | Growth of ~50% |
| Cashew | USD 4.3–4.5 billion | Record high |
| Black Pepper | >USD 1.3 billion | Significant growth |
Main Export Markets
- Asia continues to lead (~42%), followed by North America (~22.5%) and Europe (~16.6%).
- Top importers: USA (20.2%), China (17.3%), Japan (7.7%).
→ In Q1 2025: USA +13.5%, Japan +25%, China -0.7% (compared to Q1 2024)
Key Growth Drivers
- Sharp price increases: for example, coffee rose by ~71% (≈USD 5,656/ton) despite lower volume.
- Rising global demand, especially for durian, fruits, cashew (China, EU, USA).
- Green exports: VietGAP, Organic standards, active use of FTAs, and expansion into new markets.
Conclusion
Vietnam’s agriculture sector in 2024 demonstrates record export growth in both volume and value. This creates vast opportunities for international buyers. Access to up-to-date information and professional support without intermediaries will be a key advantage when doing business with Vietnam.
