Vietnam’s imports of iron and steel totaled US$2.77 billion
Thursday, August 23,2018AsemconnectVietnam - Vietnam imported 8.05 million tons of iron and steel of all kinds worth of US$5.8 billion in the first seven months of this year, down by 10.5 per cent in quantity but up by 10.7 per cent in value over the same period last year, showed the statistics figures of the General Department of Customs.
The country’s imports of iron and steel from China accounted for 48 per cent of the total with 3.88 million tons worth of $2.77 billion, down by 13.5 per cent in quantity but up by 10 per cent in value over the same period last year.
The imports from Japan reached 1.29 million tons worth of $909.15 million, down by 1 per cent in quantity but up by 16.8 per cent in value over the same period last year.
Meanwhile, the imports from South Korea reached 1.05 million tons worth of $852.14 million, up by 6.9 per cent in quantity and 23.4 per cent in value.
In the first seven months of this year, Vietnam’s imports of iron and steel from Austria increased sharply by 151.8 per cent in quantity and 474.6 per cent in value to 909 tons worth of $ 6.18 million. The imports from Denmark increased sharply by 723.9 per cent in quantity and 146.9 per cent in value to 552 tons worth of $0.42 million; from Russia – up by 84.8 per cent in quantity and 12.4 per cent in value to 251,122 tons worth of $141.32 million; from Sweden – up by 111.7 per cent in quantity and 64 per cent in value to 4,223 tons worth of $8.89 million.
However, the country’s imports of iron and steel from Ukraine decreased by 95 per cent in quantity and 88.9 per cent in value year – on – year to 24 tons worth of $0.03 million; from Poland – down by 83.6 per cent in quantity and 82.9 per cent in value to 73 tons worth of $0.13 million; from Mexico – down by 69.5 per cent in quantity and 75.9 per cent in value to 242 tons worth of $0.19 million; and from South Africa – down by 61.8 per cent in quantity and 56.5 per cent in value.
Vietnam’s imports of iron and steel in the first 7 months of 2018- source: VITIC – according to the figures of the General Department of Customs
Market
|
First 7 months of 2018
|
First 7 months of 2018 vs. same period of 2017 (%)
|
||
Quantity (ton)
|
Value (US$)
|
Quantity
|
Value
|
|
Total
|
8,051,586
|
5,804,098,591
|
-10.51
|
10.74
|
China
|
3,875,747
|
2,773,909,820
|
-13.48
|
10
|
Japan
|
1,292,610
|
909,154,207
|
-0.96
|
16.75
|
South Korea
|
1,047,194
|
852,138,820
|
6.91
|
23.36
|
Taiwan (CN)
|
887,128
|
586,377,799
|
1
|
22.11
|
India
|
314,431
|
204,684,039
|
-62.5
|
-53.24
|
Russia
|
251,122
|
141,316,974
|
84.78
|
112.36
|
Brazil
|
116,250
|
65,641,521
|
-5.63
|
6.39
|
Indonesia
|
40,151
|
49,968,871
|
-13.58
|
112.62
|
Thailand
|
39,741
|
40,816,415
|
-37.57
|
-19.18
|
Australia
|
23,527
|
12,486,598
|
44.66
|
59.98
|
Malaysia
|
21,456
|
30,830,336
|
10.81
|
23.09
|
The U.S
|
10,161
|
11,547,889
|
84.51
|
53.06
|
New Zealand
|
7,764
|
4,183,196
|
-27.98
|
-2.21
|
Saudi Arabia
|
6,361
|
3,024,835
|
14.2
|
34.77
|
Belgium
|
6,219
|
3,430,103
|
-35.39
|
-34.77
|
Germany
|
5,365
|
15,248,169
|
-44.87
|
1.33
|
Sweden
|
4,223
|
8,888,237
|
111.68
|
63.96
|
Italy
|
3,383
|
5,021,314
|
-53.5
|
-25.76
|
Spain
|
2,786
|
3,021,283
|
53.58
|
49.96
|
Hong Kong (CN)
|
1,929
|
1,933,518
|
35.65
|
84.44
|
The Netherlands
|
1,680
|
2,000,982
|
-17.24
|
24.44
|
South Africa
|
1,599
|
2,750,739
|
-61.77
|
-56.52
|
Britain
|
1,374
|
1,262,471
|
-50.49
|
-43.27
|
Singapore
|
1,168
|
1,624,905
|
-29.72
|
-30.25
|
Finland
|
1,121
|
2,888,541
|
25.96
|
20.27
|
Turkey
|
976
|
944,261
|
-54.05
|
-43.44
|
Austria
|
909
|
6,181,859
|
151.8
|
474.59
|
France
|
566
|
11,928,510
|
-57.57
|
391.31
|
Denmark
|
552
|
419,216
|
723.88
|
146.85
|
Canada
|
499
|
304,103
|
43.8
|
18.73
|
The Philippines
|
367
|
1,758,830
|
-27.18
|
217.86
|
Mexico
|
242
|
186,443
|
-69.48
|
-75.85
|
Poland
|
73
|
126,812
|
-83.63
|
-82.93
|
Ukraine
|
24
|
31,905
|
-95.01
|
-88.88
|
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