Wednesday, April 8,2020 - 7:24 GMT+7  Việt Nam EngLish 

Exports of iron and steel fell in first two months 

 Thursday, March 26,2020

AsemconnectVietnam - In the first two months of 2020, Vietnam’s steel exports decreased by 4.7 per cent in volume and 16.1 per cent in turnover and 12 per cent in price over the same period of 2019.

According to the figures from the General Department of Customs, in February 2020, Vietnam's iron and steel exports to foreign markets increased by 43 per cent in volume, up 44.3 per cent in turnover and 1 per cent in price in comparison to January of 2020, reaching 690,675 tons, equivalent to 383.91 million USD, the average price reached 556 USD per ton. In comparison to February of 2019, it also increased by 50.5 per cent in volume and 32 per cent in turnover.

Generally in the first 2 months of 2020, the country’s steel exports decreased by 4.7 per cent in volume and 16.1 per cent in turnover and down 12 per cent in price over the same period in 2019, reaching 1.17 million tons, equivalent to to 648.81 million USD, with the price of 554.1 USD per ton.
Vietnam's iron and steel exports to Cambodia reached 230,515 tons, equivalent to 124.43 million USD, accounting for over 19 per cent of the country's total iron and steel export turnover, down by 20.7 per cent in volume and decreased by 26.7 per cent in turnover over the same period last year. The export price to Cambodia decreased by 7.5 per cent to 544.1 USD per ton.

The exports to China reached 210,654 tons, equivalent to 87.37 million USD, with the price of 414.7 USD per ton, increased by 25.5 times in volume and 18.2 times in turnover, but down by 28.8 per cent in price.
Meanwhile, the exports to Indonesia reached 127,466 tons, equivalent to 75.37 million USD, with the price of 591.3 USD per ton, down by 20.5 per cent in volume and 28.9 per cent in turnover, down by 10.6 per cent in price.

In the first 2 months of 2020, the exports of iron and steel to most markets decreased both in volume and turnover compared to the same period last year; in which, the exports to the following markets dropped sharply: Saudi Arabia dropped by 91 per cent in volume and turnover, reaching 319 tons, equivalent to 0.21 million USD; Pakistan decreased by 79 per cent in volume and decreased by 76.4 per cent in turnover, to 4,671 tons, equivalent to 2.47 million USD; Italy decreased by 89.6 per cent in volume and 74.8 per cent in turnover, reaching 6,438 tons, equivalent to 8.01 million USD.

However, the exports to Singapore were only 29,795 tons, equivalent to 13.24 million USD, but compared with the same period last year, it increased sharply by 637.7 per cent in volume and 382.5 per cent in turnover; the export to Bangladesh also increased sharply by 279.2 per cent in volume and 243.4 per cent in turnover, reaching 819 tons, equivalent to 0.47 million USD; to Spain increased by 330.2 per cent in volume and 239.6 per cent in turnover, reaching 6,531 tons, equivalent to 4.91 million USD.

Vietnam’s exports of iron and steel in the first two months of 2020
- source: VITIC – according to the figures of the General Department of Customs
 
Market
First 2 months of 2020
Vs. same period of 2019 (%)
Market share (%)
Volume
(ton)
Value (USD)
Volume
Value
Volume
Value
Total
1,171,028
648,806,332
-4.74
-16.14
100
100
Cambodia
230,515
125,432,908
-20.73
-26.65
19.68
19.33
China
210,654
87,366,029
2.456.48
1.720.44
17.99
13.47
Indonesia
127,466
75,366,711
-20.48
-28.87
10.88
11.62
Malaysia
119,383
67,908,569
2.6
-3.85
10.19
10.47
Thailand
106,886
55,966,405
22.28
17.39
9.13
8.63
South Korea
60,878
30,171,829
12.67
-13.64
5.2
4.65
The Philippines
58,502
26,013,904
-14.88
-21.12
5
4.01
The U.S
25,155
24,287,829
-76.31
-71.26
2.15
3.74
Taiwan (CN)
26,649
14,053,478
-9.66
-18.72
2.28
2.17
Singapore
29,795
13,238,034
637.68
382.54
2.54
2.04
Belgium
14,505
11,265,202
-71.26
-66.79
1.24
1.74
Japan
13,463
9,494,941
-52.42
-42.66
1.15
1.46
Laos
13,416
9,279,260
-27.62
-26.54
1.15
1.43
Italy
6,438
8,006,764
-89.55
-74.79
0.55
1.23
India
7,479
7,044,372
-56.19
-28.11
0.64
1.09
Britain
9,910
6,303,837
148.12
85.07
0.85
0.97
Spain
6,531
4,912,663
330.24
239.62
0.56
0.76
Myanmar
5,489
3,528,865
-31.8
-40.04
0.47
0.54
Australia
4,771
3,496,752
-58.48
-60.35
0.41
0.54
Pakistan
4,671
2,472,561
-79.01
-76.38
0.4
0.38
Brazil
2,416
1,674,403
 
 
0.21
0.26
Russia
1,129
1,191,961
-21.16
-8.11
0.1
0.18
Germany
513
708,381
 
 
0.04
0.11
The U.A.E
978
622,619
-62.34
-63.05
0.08
0.1
Bangladesh
819
468,954
279.17
243.35
0.07
0.07
Argentina
254
342,657
 
 
0.02
0.05
Turkey
299
331,094
-40.2
-54.18
0.03
0.05
Kuwait
402
277,094
 
 
0.03
0.04
Saudi Arabia
319
212,275
-91.48
-91.41
0.03
0.03
Hong Kong (CN)
12
46,124
-67.57
-37.55
0
0.01
CK
Source: Vinanet.vn

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