India-Vietnam Agricultural Trade Overview

 Vietnam is the fastest growing country. Vietnam is the potential market for electronics, textiles, footwear, and mobile phones. In the agricultural sector, Vietnam's trade with India has increased significantly. India is the 23rd biggest partner country which has invested in Vietnam. In the financial year 2023, India has invested around $3.5 million dollars in Vietnam.

According to the Vietnam import data, Vietnam imported around $7 billion dollars worth of goods from India. These included gems, jewellery, metals, iron, steel, seafood, animal feeds, auto parts, chemicals, pharmaceuticals, cotton, maize, etc. 

Vietnam's population is continuously growing. Seafood and fish products are the most imported products of Vietnam. India is a prominent producer and exporter of seafood products. Fishery products are the most exported items from India to Vietnam. These include frozen shrimps, squid, cuttlefish, fish fillets, etc.

As per Vietnam import export data, around $377 million dollars worth of fish products were imported from India to Vietnam. Animal fooders, maize, cotton, yarn, wheats, fruits and vegetables are other major agricultural exports to Vietnam from India.

Livestock is another rapidly growing industry. In 2022, India supplied over $375 million dollars worth of animal fodder exports to Vietnam. These include soybean meal, maize, rice bran, gluten meal, etc. On the other hand maize was the third most exported agricultural product from India to Vietnam.

India is known for producing high quality maize. Our Vietnam customs data shows that India had exported over $287 million dollars worth of maize to VIetnam in the financial year 2022. Cotton was another crucial export worth over $221 million dollars from India to Vietnam. After cotton, fruits and vegetables were the most imported products from India to Vietnam with over $53 million in 2022.

Yarn is a significant trading item from Vietnam. It is the top exported item from Vietnam to India. As per the Vietnam export data reports, around $120 million worth of yarn was exported to India during 2022. Coffee was the second second imported agricultural product from Vietnam. Its worth was around $57 million. 

Pepper was the third most imported item by India from Vietnam. Vietnam is known for producing high quality pepper and is the top exporter. Black pepper is an important item in Indian cuisine that is why Vietnam's pepper attracts Indian buyers. Around $53 Million worth of black pepper was imported by Vietnam in 2022. 

Bamboo was another important agri import made by India from Vietnam. As India is shifting towards sustainable and eco friendly items, the demand for bamboo has grown significantly. India has imported around $39 million worth of bamboo products from Vietnam in 2022. Cashew nuts, Tea and food preparations were other major imports made by India from Vietnam.

The future is very bright for India and Vietnam trade.  The agricultural exports will only widen in the upcoming years. Agribusiness owners from India and Vietnam can capture the insights on import export data reports of India and Vietnam. 

Exim Trade Data, a leading global import export data provider company offering detailed shipment data. Through their global companies directory, you could reach out to the genuine agri buyers and suppliers from India, Vietnam and other 200+ markets. It is the most economical platform through which companies can expand their business.