AsemconnectVietnam - Vietnam's trade in milk and dairy products maintained positive growth momentum in both directions, with estimated import value reaching US$1.21 billion (up by 11%) and export value reaching US$382.24 million (up by approximately 29%) compared to the same period of 2025.

Regarding imports, according to customs data, Vietnam's import value of milk and dairy products in September of 2026 was estimated at approximately US$149.84 million, an increase of about 7.9% compared to August of 2026. Cumulatively, in the first nine months of 2026, the import value of these products reached approximately US$1.21 billion, up by 11% year-on-year.
Previously, in August of 2026, the import value of milk and dairy products stood at US$138.87 million, a 7.9% increase compared to July of 2026. For the first eight months of 2026, the total imports of these products reached nearly US$1.06 billion, up by 10.2% compared to the same period of 2025.
In the first eight months of 2026, the key markets supplying milk and dairy products to Vietnam included New Zealand, the United States, Germany, and Australia. New Zealand led the list with $328 million, accounting for 31% of the country's total import value for this product category, an increase of 12.4% compared to the same period of 2025.
The imports of milk and dairy products from the United States ranked second at $94.17 million (up by 17.9% year-on-year), while Germany ranked third at $80.08 million (up by 30.7%).
In addition to these traditional markets, the imports of milk and dairy products from several European countries also saw significant growth in the first eight months of 2026. Specifically, the imports from Ireland rose by 36.6%, from Poland increased by 97.4%, and from Spain increased by 21.5%.
Conversely, the import values from some markets declined. The imports from Australia fell by 8.8%, Singapore by 8.2%, the Netherlands by 9.2%, Belgium by 22%, South Korea by 20.9%, and Japan by 9%.
Regarding exports, according to the customs data, the export value of milk and dairy products in September of 2026 was estimated at approximately $47.08 million, a 7.1% increase compared to August of 2026. In the first nine months of 2026, the import value of this product rose to $382.24 million, an increase of approximately 29% compared to the same period of 2025.
Earlier, in August of 2026, the export value of milk and dairy products reached $43.92 million, up by 7.2% from the previous month. In the first eight months of 2026, the total exports of these products reached $335.16 million, a 30% increase year-on-year.
During the eight-month period, the exports to Iraq, the largest market, reached $128.38 million, up by 3.4% year-on-year and accounting for 38% of the total export market share. Cambodia ranked second with an export value of $78.29 million, marking a sharp 2.6-fold increase.
Additionally, milk exports to several other markets saw strong growth, such as to Afghanistan (+18.6%), Japan (+38.6%), and the Philippines (+25.5%). Conversely, exports to China fell by 10.1% to $12.48 million.
Vietnam's dairy market is forecast to maintain positive growth in both revenue and volume through the end of 2026, accompanied by a marked improvement in profit margins driven by stable global raw material prices.
Source: VITIC