In May this year, Vietnam’s steel exports amounted to 1,133,465 mt, up 16.4 percent compared to April, according to the data published by Vietnam’s General Department of Customs. Meanwhile, in the January-May period this year, Vietnam’s steel exports grew by 10.4 percent year on year to 4.38 million mt.
Vietnam’s main steel export markets
Country |
May (mt) |
Y-o-y change (%) |
January-May (mt) |
Y-o-y change (%) |
Italy |
211,868 |
+590.7 |
695,728 |
+121.3 |
US |
51,587 |
-2.3 |
296,771 |
-4.8 |
Spain |
22,885 |
-37 |
173,760 |
-2.1 |
Malaysia |
67,941 |
-0.1 |
382,826 |
+23.4 |
Cambodia |
86,731 |
-1.2 |
388,704 |
-14.9 |
Belgium |
59,089 |
+128.3 |
210,494 |
-23.1 |
Philippines |
35,236 |
+15.2 |
145,144 |
-30.5 |
Taiwan |
37,301 |
-3.6 |
123,928 |
-29.4 |
Indonesia |
48,009 |
+126.3 |
264,026 |
+84.8 |
South Korea |
25,182 |
-66.9 |
123,219 |
-56.3 |
UK |
22,613 |
- |
73,656 |
+58.9 |
Thailand |
21,170 |
-30.5 |
162,127 |
+20.1 |