Viet Nam emerges as major agricultural trade partner of Argentina

The Argentina's leading daily La Nacion reported that over the past six years, Argentina, a leading agricultural producer globally, has exported 536 million tons of grains worth US$189 billion.

From 2019 to 2024, except for the drought-affected year of 2023, Argentina exported nearly 96 million tons of grains on average each year. More than half of these were shipped to Asia, with nearly a quarter to Southeast Asia.

The article said Southeast Asia has experienced rapid economic growth, and the food consumption patterns in the region are very diverse.

Southeast Asia has become a strategic market for the agricultural sector, accounting for 28 percent of global soybean meal trade, 10 percent of global pork consumption, and 9 percent of poultry consumption.

Viet Nam accounts for half of Argentina's corn and soybean meal exports to the Southeast Asia region.

According to La Nacion, Southeast Asia has become an important destination for Argentinian agricultural products over the past decade. The demand for animal feed in Southeast Asia is expected to rise. The region will account for 20 percent of global corn import market share and 70 percent of soybean meal import market share.

Viet Nam will continue to be a major trade partner for Argentinian agriculture, projected to import an additional 6 million tons of corn and 1.7 million tones of soybean meal by 2034, representing 7 percent of global corn imports and 9 percent of global soybean meal imports./.