Vietnam becomes Argentina's largest soybean meal buyer, ahead of Malaysia and Indonesia
Vietnam has emerged as the top destination for Argentine soybean meal exports, overtaking Malaysia and Indonesia, while Argentina's soybean value chain generated US$21.44 billion in export revenue in 2025, with Vietnam ranking third overall among Argentina's soybean markets behind China and India.
Vietnam has become Argentina's largest buyer of soybean meal, surpassing Malaysia and Indonesia in a shift that underscores the Southeast Asian country's growing dependence on imported feed ingredients.
Argentina's soybean value chain earned US$21.44 billion in exports in 2025, according to reporting by eFeedLink. Vietnam ranked as Argentina's third-largest soybean market overall in that period, behind China and India.
Vietnam's rise to the top of Argentina's soybean meal export rankings reflects the country's heavy reliance on overseas raw materials for its domestic feed industry. As previously reported, Vietnam's feed prices were projected to rise 3% to 5% as import reliance exceeded 65% of raw materials.
The development positions Vietnam as a strategically significant buyer for Argentine soybean processors, with implications for trade flows across Southeast Asia. Malaysia and Indonesia, which had previously occupied leading positions among Argentine soybean meal buyers in the region, have been displaced by Vietnam's increased purchasing volumes.
Prepared with AI assistance and reviewed by the editorial team.
