AsemconnectVietnam - Vietnam’s exports of ordinary metals, iron and steel saw sharp increase in the first seven months of this year, showed the statistics figures of the General Department of Customs.

Metal exports increased sharply by nearly 38% to US$1.3 billion
Vietnam earned over US$1.3 billon from metal exports in the first seven months of this year, increased by 37.07 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

The country exported metals and products mostly to India, the U.S, Japan, South Korea and South East Asian countries.
India was leading the list with $352.9 million, up by 38.8 per cent year – on – year and accounted for 25.8 per cent of the total.

It was followed by the U.S with $203.7 million, up by 39.88 per cent; and then South East Asian countries; Japan and South Korea with the market shares of 13.1 per cent; 9.7 per cent and 7.3 per cent, respectively.

In the first seven months of this year, Vietnam’s exports of metals and products to Taiwan (CN) increased sharply by 2.81 times or 181.05 per cent to $61 million; to the Netherlands – up by 2.64 times or 164.03 per cent to $3.6 million; to the Philippines – up by 2.47 times or 147.59 per cent to $33 million; and Angola – up by 2.03 times or 103.15 per cent to $64,500.

However, the exports of metals and products to Sweden and Laos fell sharply by 82.21 per cent; and 43.67 per cent to $127,200 and $1.5 million, respectively year – on – year.

Exports of iron and steel increased sharply by 40.4% in first 7 months
Vietnam’s exports of iron and steel reached 3.41 million tons worth of US$2.53 billion, increased sharply by 40.4 per cent in quantity and 56.3 per cent in value compared with the same period last year, showed the statistics figures of the General Department of Customs.

Of the figure, the exports of iron and steel to Cambodia accounted for 37 per cent; to the U.S – 15.6 per cent; to Malaysia – 20.2 per cent; and Indonesia – 19.2 per cent.

In the first seven months of this year, Vietnam’s exports of iron and steel to Cambodia increased sharply by 49 per cent in quantity and 77.9 per cent in value compared with the same period last year to 717,572 tons worth of $462.73 million; while the exports to the U.S reached 532,779 tons worth of $452.81 million, up by 71.6 per cent in quantity and 81.7 per cent in value.

The country’s exports of iron and steel to Malaysia increased by 88.5 per cent in quantity and 108.6 per cent in value to 391,607 tons worth of $266.98 million; to Indonesia – up by 22.3 per cent in quantity and 33 per cent in value to 372,514 tons worth of $295.33 million.

In the first seven months of this year, the country’s exports of iron and steel to Japan rocketed by 476.7 per cent in quantity and 272.7 per cent in value to 44,218 tons worth of $35.66 million; to Ukraine – up by 337.5 per cent in quantity and 572 per cent in value to 105 tons worth of $0.15 million; to Russia – up by 114.2 per cent in quantity and 115.4 per cent in value to 6,353 tons worth of $6.58 million; to Turkey – up by 115.6 per cent in quantity and 212.9 per cent in value to 1,048 tons worth of $1.67 million.

However, the exports of iron and steel to Switzerland decreased sharply by 99 per cent in quantity and 96 per cent in value to 39 tons worth of $0.07 million; to Saudi Arabia – down by 66.2 per cent in quantity and 63.4 per cent in value to 1,962 tons worth of $1.37 billion; and to Pakistan – down by 56 per cent in quantity and 45.6 per cent in value to 15,958 tons worth of $9.51 million.

Imports of iron and steel reached US$2.77 billion in first 7 months
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.

In July, the country imported 1.18 million tons of iron and steel worth of $879.37 million, down by 2.6 per cent in quantity but up by 0.1 per cent in value over the previous month. The figure was up by 7.4 per cent in quantity and 38.9 per cent in value year – on – year.
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.

The imports from Taiwan increased slightly by 1 per cent in quantity and 22.1 per cent in value to 0.89 million tons worth of $586.38 million.
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.
CK
Source: VITIC