AsemconnectVietnam - In the first 11 months of 2025, Vietnam’s exports of all types of iron and steel reached nearly 9.22 million tonnes, earning over 6.08 billion USD, with an average price of 659.2 USD/tonne.

According to the preliminary statistics from the Customs Department, in November of 2025, the whole country exported 644,311 tonnes of iron and steel, earning 439.88 million USD, with an average price of 682.7 USD/tonne, a decrease of 4.9% in volume, 5.3% in value, and 0.5% in price compared to October of 2025.
Overall, in the first 11 months of 2025, the country’s exports of all types of iron and steel reached nearly 9.22 million tonnes, earning over US$6.08 billion, with an average price of US$659.2/tonne, a decrease of 22.5% in volume, 28.9% in value, and 8.3% in price compared to the first 11 months of 2024.
In the first 11 months of 2025, Cambodia was the largest consumer market for Vietnamese iron and steel, accounting for 14.6% of the total volume and 12.7% of the total export value of iron and steel nationwide, reaching 1.34 million tonnes, equivalent to US$768.5 million, with an average price of US$571.5/tonne, an increase of 23.8% in volume, an increase of 14.1% in value, but a decrease of 7.8% in price compared to the first 11 months of 2024.
This significant advantage helps Vietnamese steel penetrate deeply into the Cambodian market. The tariff rate of 0% applied under the Agreement on Promoting Bilateral Trade between Vietnam and Cambodia signed on the sidelines of the 7th ACMECS Summit, the 8th CLMV Summit, and the World Economic Forum on the Mekong Region helps Vietnamese goods maintain attractive prices and stable output for businesses. Strong growth in Cambodia, coupled with preferential tax policies and a well-directed market shift strategy, is opening up new opportunities for the Vietnamese steel industry to consolidate its position in ASEAN, reduce dependence on high-risk markets, and continue to make its mark on the regional supply chain.
India ranked second, accounting for 9.6% of the total volume and 10.7% of the total value, reaching 880,683 tonnes, equivalent to $651.67 million, at a price of $740/tonne, an increase of 22% in volume and 1.6% in value, but a decrease of 16.8% in price compared to the first 11 months of 2024.
The Italian market accounted for 10.5% of the total volume and 10% of the total value, reaching 969,829 tonnes, equivalent to $604.68 million, at a price of $623.5/tonne, a sharp decrease of 21.7% in volume and 21.6% in value, but an increase of 0.1% in price compared to the first 11 months of 2024.
Meanwhile, steel exports to the US continued to decline due to the country maintaining tariff measures on metals, especially steel. The European market is no brighter either, with a 12.1% tariff imposed on Vietnamese hot-rolled steel, putting greater pressure on Vietnamese businesses in terms of costs and trade risks.
CK
Source: VITIC