Vietnam’s steel import turnover up 42.8 percent in 2021
Illustrative image (Photo: VNA)
Vietnam imported 12.3 million tonnes of steel worth 11.52 billion USD in 2021, down 7 percent in volume and up 42.8 percent in value year-on-year, according to the General Department of Customs.
The country mainly bought steel from China, with 5 million tonnes valued at 4.38 billion USD, accounting for 40.3 percent and 38 percent of the total volume and turnover, respectively.
Japan was the second largest exporter of the product to Vietnam last year. The Southeast Asian nation imported 1.9 million tonnes totaling 1.73 billion USD from Japan, down 22.8 percent in volume and up 23.8 percent in value compared to 2020.
The Republic of Korea (RoK) ranked third among the biggest steel exporters to Vietnam in 2021, shipping 1.5 million tonnes worth 1.59 billion USD to the Southeast Asian nation, up 24.4 percent in value year-on-year./.
Related News
Preliminary assessment of Vietnam international merchandise trade performance in the first 11 months of 2024
10:50 | 27/12/2024 Customs Statistics
FTA Index helps measure the effectiveness of FTA implementation
10:51 | 27/12/2024 Import-Export
Promoting agricultural exports to the Japanese market
13:55 | 22/12/2024 Import-Export
Paving the way for Vietnamese agricultural products in China
11:08 | 26/12/2024 Import-Export
Latest News
Building a brand to elevate Vietnamese rice
10:52 | 27/12/2024 Import-Export
Nghệ An Province anticipates record FDI amidst economic upswing
15:49 | 26/12/2024 Import-Export
Green farming development needs supportive policies to attract investors
15:46 | 26/12/2024 Import-Export
Vietnamese enterprises adapt to green logistics trend
15:43 | 26/12/2024 Import-Export
More News
VN seafood export surpass 2024 goal of $10 billion
14:59 | 25/12/2024 Import-Export
Exporters urged to actively prepare for trade defence investigation risks when exporting to the UK
14:57 | 25/12/2024 Import-Export
Electronic imports exceed $100 billion
14:55 | 25/12/2024 Import-Export
Forestry exports set a record of $17.3 billion
14:49 | 25/12/2024 Import-Export
Hanoi: Maximum support for affiliating production and sustainable consumption of agricultural products
09:43 | 25/12/2024 Import-Export
Việt Nam boosts supporting industries with development programmes
13:56 | 24/12/2024 Import-Export
VN's wood industry sees chances and challenges from US new trade policies
13:54 | 24/12/2024 Import-Export
Vietnam's fruit, vegetable exports reach new milestone, topping 7 billion USD
13:49 | 24/12/2024 Import-Export
Aquatic exports hit 10 billion USD
13:45 | 24/12/2024 Import-Export
Your care
Building a brand to elevate Vietnamese rice
10:52 | 27/12/2024 Import-Export
FTA Index helps measure the effectiveness of FTA implementation
10:51 | 27/12/2024 Import-Export
Nghệ An Province anticipates record FDI amidst economic upswing
15:49 | 26/12/2024 Import-Export
Green farming development needs supportive policies to attract investors
15:46 | 26/12/2024 Import-Export
Vietnamese enterprises adapt to green logistics trend
15:43 | 26/12/2024 Import-Export