Imports of iron and steel fell to US$ 3.03 billion
Saturday, May 19,2018AsemconnectVietnam - In the first four months of this year, Vietnam’s imports of iron and steel decreased by 24.1 per cent in quantity and 6.2 per cent in value compared with the same period last year to 4.28 million tons worth of over US$ 3.03 billion, showed the statistics figures of the General Department of Customs.
In April only, the country imported 1.16 million tons of iron and steel worth of $ 844.28 million, up by 11.3 per cent in quantity and 13.3 per cent in value compared with the previous month. The figure was down by 19 per cent in quantity and 2.6 per cent in value. The average export price of iron and steel in April reached $ 725.2 per ton, up by 1.8 per cent month – on – month and by 20.4 per cent year – on – year.
China was the country’s biggest import market of iron and steel in the first four months of this year with 1.82 million tons worth of $ 1.32 billion, accounted for 42.6 per cent of the total quantity and 43.7 per cent of the total value. The figure was down by 33.9 per cent in quantity and 13.5 per cent in value year – on – year.
The imports of iron and steel from Japan reached 708,503 tons worth of $ 486.35 million, down by 7.7 per cent in quantity but up by 6.8 per cent in value compared with the same period last year.
In the first four months, the country’s imports of iron and steel from Demark rocketed by 25 times in quantity and 5 times in value to 541 tons worth of $ 372,243. And the imports from Hong Kong increased sharply by 491.8 per cent in quantity and 405.8 per cent in value to 1,799 tons worth of $ 1.54 million; from Australia – up by 141 per cent in quantity and 154 per cent in value to 15,359 tons worth of $ 7.78 million; from Brazil – up by 129 per cent in quantity and 156.6 per cent in value to 114,224 tons worth of $ 63.23 million.
However, the imports of iron and steel from India, Canada, Turkey, Britain, Mexico, South Africa, New Zealand decreased by 52 -64 per cent.
Vietnam’s imports of iron and steel in the first four months of 2018 - source: VITIC – according to the figures of the General Department of Customs
Market
|
First 4 months of 2018
|
First 4 months of 2018 vs. same period of 2017 (%)
|
||
|
Quantity (ton)
|
Value (US$)
|
Quantity
|
Value
|
Total
|
4,282,098
|
3,027,227,382
|
-24.11
|
-6.16
|
China
|
1,822,330
|
1,321,458,212
|
-33.94
|
-13.48
|
Japan
|
708,053
|
486,345,087
|
-7.66
|
6.75
|
South Korea
|
594,605
|
473,677,471
|
8.2
|
21.56
|
Taiwan
|
462,118
|
299,185,692
|
-13.21
|
3.69
|
India
|
219,280
|
137,726,723
|
-70.12
|
-63.56
|
Russia
|
192,775
|
107,740,790
|
107.03
|
134.34
|
Brazil
|
114,224
|
63,233,535
|
128.93
|
156.55
|
Thailand
|
21,079
|
20,712,821
|
-55.64
|
-39.79
|
Indonesia
|
18,734
|
16,135,071
|
-37.41
|
8.46
|
Australia
|
15,359
|
7,779,219
|
141.08
|
154.24
|
Malaysia
|
11,223
|
15,489,636
|
16.61
|
26.27
|
Saudi Arabia
|
6,267
|
2,954,932
|
|
|
The U.S
|
3,356
|
4,157,289
|
45.91
|
61
|
Germany
|
2,280
|
6,867,148
|
-47.69
|
14.17
|
New Zealand
|
2,076
|
984,402
|
-59.51
|
-52.22
|
Belgium
|
1,850
|
1,078,981
|
-69.26
|
-57.91
|
Spain
|
1,816
|
1,911,302
|
52.86
|
52.74
|
Hong Kong
|
1,799
|
1,543,797
|
491.78
|
405.84
|
Italy
|
1,494
|
2,176,154
|
-59.38
|
-30.66
|
Sweden
|
1,137
|
3,080,412
|
-16.15
|
-16.28
|
South Africa
|
1,131
|
1,835,949
|
-58.16
|
-53.13
|
The Netherlands
|
658
|
948,347
|
-58.59
|
-20.15
|
Singapore
|
647
|
924,094
|
-42.74
|
-30.94
|
Finland
|
561
|
1,398,136
|
-13.56
|
-19
|
Denmark
|
541
|
372,243
|
2.359.09
|
407.35
|
Britain
|
501
|
455,692
|
-60.83
|
-57.89
|
Turkey
|
425
|
411,335
|
-60.58
|
-59.66
|
Austria
|
315
|
2,164,666
|
3.96
|
160.87
|
France
|
257
|
1,988,362
|
-73.28
|
80.48
|
Mexico
|
193
|
151,132
|
-46.98
|
-55.78
|
Canada
|
115
|
65,167
|
-38.5
|
-61.57
|
The Philippines
|
98
|
947,158
|
-61.11
|
215.96
|
Poland
|
73
|
118,099
|
-1.35
|
-2.56
|
Vietnamese agricultural sector urged to overhaul logistics for improved export potential
Export shows sign of gradual recovery: Statistics office
Reference exchange rate up 13 VND
Domestic retailers on path to recovery
Textile and garment exports fell in first 6 months of 2023
Exports to UK reached more than 2.8 billion USD in first 6 months of 2023
DAILY: Vietnamese pepper prices remained unchanged on July 17
DAILY: Vietnamese coffee prices remained unchanged on July 17
Reference exchange rate down 19 VND at week’s beginning
Rice exports increased in first 6 months of 2023
Computers, electronic products and components ranked first in export turnover
Opportunities for electronics part–supply industry to make a change
Market diversification crucial for rice sector: Experts
Vietnam could benefit as investors look for low-cost production centres: Savills
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...