Tuesday, August 20,2019 - 5:39 GMT+7  Việt Nam EngLish 

Exports of iron and steel increased in first four months 

 Wednesday, May 22,2019

AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam’s exports of iron and steel in March of 2019 increased by 20.9 per cent in volume and 25.9 per cent in value compared with the previous month.

In April of 2019, the exports of iron and steel increased by 2 per cent in in volume and in value, reaching 569,387 tons, equivalent to 373.87 million USD.
In the first 4 months of 2019, the whole country exported 2.33 million tons of iron and steel, earning 1.5 billion USD, increased by 22.2 per cent in volume and 6.8 per cent in value over the same period last year.

The iron and steel export prices in April of 2019 reached 656.6 USD per ton, down by 0.6 per cent compared to March of 2019 and down by 14.5 per cent compared to April of 2018. The average iron and steel export price in the first 4 months of 2019 reached 644.8 USD per ton, down by 12.6 per cent over the same period last year.
Vietnam’s exports of iron and steel to Cambodia increased strongly by 55.7 per cent in volume and 45.8 per cent in value over the same period last year, reaching 582,578 tons, equivalent to 347, 38 million USD, accounting for 25 per cent of the total iron and steel exports of the country and for 23 per cent of the total earnings.

However, export price to this market fell by 6.4 per cent, reaching 596.3 USD per ton.
The country’s exports to Indonesia - the second largest market reached 281,655 tons, equivalent to 188.1 million USD, accounting for over 12 per cent of the total volume and total value, up by 6.5 per cent in volume but down by 9.6 per cent in turnover over the same period last year.
Meanwhile, the exports of iron and steel to the US market reached 188,362 tons, equivalent to 150.99 million USD, the price was at 801.6 USD per ton, down by 35 per cent, 38 per cent and 4.6 per cent, respectively over the same period last year. The country’s exports of iron and steel to the US accounted for 8.1 per cent of the total volume and 10 per cent of the total value.

The exports to Malaysia market reached 243,573 tons, equivalent to 148.35 million USD, accounting for 10 per cent of the total volume and total value, up by 2.1 per cent in volume but down by 6.1 per cent in turnover over the same period last year. The export price decreased by 8 per cent to 609 USD per ton.
In general, in the first 4 months of this year, iron and steel exports to the most markets declined in both volume and turnover compared to the first 4 months of last year; in which, there was a sharp decrease in some markets such as: to Germany - decreased by 94.7 per cent in volume and 96.9 per cent in turnover, reaching 52 tons, equivalent to 0.07 million USD; to Britain - decreased by 44.8 per cent in volume and 49.6 per cent in turnover, reached 15,352 tons, equivalent to 10.46 million USD; to Belgium - decreased by 41.8 per cent in volume and 49 per cent in turnover, reaching 71,757 tons, equivalent to 47.34 million USD.

However, exports increased sharply in some markets such as Saudi Arabia  - down by 281 per cent in volume and 310.5 per cent in turnover, reaching 4,532 tons, equivalent to 3.03 million USD; to Pakistan - increased by 230 per cent in volume and 169 per cent in turnover, reaching 30,461 tons, equivalent to 14.71 million USD; to China - increased by 849.4 per cent in volume and by 263.6 per cent in turnover, reaching 33,067 tons, equivalent to 17.99 million USD; to the Philippines - increased by 210 per cent in volume and 154 per cent in turnover, reaching 121,947 tons, equivalent to 60.26 million USD.

Vietnam’s iron and steel exports in the first four months of 2019 – source: the General Department of Customs
Market
First 4 months of 2019
+/- vs. same period of 2018 (%)
Volume (ton)
Value (USD)
Volume (ton)
Value (USD)
Total
2,330,751
1,502,766,026
22.16
6.83
Cambodia
582,578
347,380,558
55.73
45.75
Indonesia
281,655
188,101,369
6.48
-9.59
The U.S
188,362
150,993,251
-35.04
-38
Malaysia
243,573
148,345,893
2.07
-6.11
Thailand
140,928
81,040,558
47.39
20.28
South Korea
99,698
66,940,288
27.91
37.51
The Philippines
121,947
60,263,973
209.96
154.16
Belgium
71,757
47,341,612
-41.76
-49.01
Italy
66,195
37,889,947
109.7
26.62
Japan
67,672
37,795,783
82.07
40.35
Taiwan (CN)
51,890
32,341,989
-29.06
-17.7
Laos
43,538
30,680,746
-7.75
-11.04
India
30,225
21,566,254
-3.89
-22.12
China
33,067
17,992,811
849.38
263.62
Pakistan
30,461
14,719,119
230.24
169
Australia
15,831
12,458,972
-3.93
-4.57
Spain
13,160
10,476,589
-33.32
-29.62
Britain
15,352
10,461,427
-44.82
-49.62
Myanmar
13,108
9,890,080
-37.18
-30.89
Singapore
8,740
6,275,908
25.02
-5.49
Saudi Arabia
4,532
3,029,196
281.16
310.54
The U.A.E
4,002
2,794,262
-3.01
-58.66
Russia
2,587
2,583,509
-3.97
-15.44
Turkey
726
1,036,135
15.42
11.57
Egypt
1,395
930,714
113.3
62.53
Argentina
282
747,464
 
 
Brazil
498
435,394
-12.78
-3.53
Bangladesh
538
430,573
19.82
36.49
Hong Kong (CN)
61
150,726
-38.38
-40.58
Germany
52
69,043
-94.67
-96.89
CK
Source: VITIC

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