Vietnam exported 1.89 million tons of fertilizers worth $1.02 billion in the first seven months of 2026, up 45.7% in volume and 92.8% in value year on year. Cambodia was the largest buyer, followed by the Philippines and Malaysia.
Global fertilizer prices rose sharply in 2026, with urea peaking near $908/t in April before falling to $400–550/t by July.
Strong import demand from Southeast Asian buyers absorbs supply while global urea prices have retreated from their April peak, which supports stable-to-firmer nitrogen input costs for feed grain production in the region.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.