Vietnam’s Q1 2026 meat exports rise in value despite volume drop

Market developments and destinations

Hong Kong remained the largest market, accounting for more than half of total export value. Shipments dropped 36.2% year‑on‑year, mainly suckling pork and frozen pigs.

Several traditional markets, including Canada, Malaysia, South Korea, and the Netherlands, also recorded downturns, reflecting weaker demand and competitive pressures.

By contrast, exports to China, France, Singapore, Japan, the US, and Cambodia grew. This expansion underscores Vietnam’s push to diversify and reduce reliance on traditional partners.

Penetration into demanding markets signals improved competitiveness and stronger alignment with international standards, supporting long‑term industry growth.

Export product structure

Pork remained the largest export category, contributing 54.53% of total export value, or USD 18.17 million. Both volume and value declined slightly.

Poultry meat and by‑products accounted for 29.84% of export value, securing the second‑largest share. Other meats and by‑products contributed 13.98%, adding diversity to the portfolio.

This structure reflects Vietnam’s reliance on pork exports while gradually expanding into poultry and other categories to balance risks.

Industry outlook and trends

Despite global economic uncertainties, two clear trends are shaping Vietnam’s meat industry.

Exporters are prioritizing product quality and value‑added processing to sustain revenue growth despite declining shipment volumes.

At the same time, diversification into demanding markets such as the US, France, and Japan is expected to strengthen long‑term sustainability and reduce risks from overreliance.