Vietnam’s imports of ferrous waste and scrap reached US$170.28 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant decrease of 14.88 percent compared to April, bringing the year-to-date (YTD) import value to US$812.53 million.
Japan remains the leading supplier despite a decline:
Japan continued to be the primary source for ferrous waste and scrap imports, with a May value of US$101.87 million. This signifies a decrease of 12.64 percent from April but still accounts for a substantial 59.07 percent of the total year-to-date imports.
USA shows growth while other major suppliers decline:
Imports from the USA increased by 19.14 percent to US$18.04 million in May. Conversely, imports from Australia decreased by 26.86 percent to US$12.74 million, and Hong Kong saw a decline of 32.84 percent to US$6.79 million.
Significant month-on-month changes across other markets:
Several countries exhibited significant month-on-month growth in May:
- Chile recorded a substantial increase of 104.34 percent.
- Singapore imports surged by 68.76 percent.
- Cambodia saw a rise of 23.59 percent.
- Bangladesh emerged as a new supplier with imports in May after none in April.
Conversely, some markets faced notable declines:
- Philippines imports plummeted by 81.10 percent.
- The “Other” category saw a significant decrease of 40.09 percent.
- Mexico imports fell by 46.14 percent.
- New Zealand recorded no imports in May after having imports in April.
The overall decline in May’s ferrous waste and scrap imports suggests a softening demand or shifts in global supply, with Japan maintaining its dominant position despite the overall downturn.
See also: Manufacturing in Vietnam 2025: Growth, Options & Other Key Considerations
Vietnam imports of ferrous waste and scrap, May 2025, US$ millions
May | April | MoM | YTD | % of YTD | |
Total | 170.28 | 200.05 | -14.88% | 812.53 | 100.00% |
Other | 18.25 | 30.47 | -40.09% | 0.00 | 0.00% |
Japan | 101.87 | 116.61 | -12.64% | 479.92 | 59.07% |
USA | 18.04 | 15.14 | 19.14% | 76.12 | 9.37% |
Australia | 12.74 | 17.43 | -26.86% | 65.14 | 8.02% |
Hong Kong | 6.79 | 10.11 | -32.84% | 54.40 | 6.70% |
Singapore | 5.14 | 3.05 | 68.76% | 17.89 | 2.20% |
Canada | 3.05 | 3.09 | -1.42% | 13.85 | 1.70% |
Chile | 2.35 | 1.15 | 104.34% | 13.71 | 1.69% |
Cambodia | 0.75 | 0.60 | 23.59% | 2.10 | 0.26% |
Taiwan | 0.65 | 0.71 | -7.83% | 2.49 | 0.31% |
Philippines | 0.30 | 1.58 | -81.10% | 2.41 | 0.30% |
New Zealand | 0.29 | 0.00 | 0.00% | 0.45 | 0.05% |
Mexico | 0.06 | 0.11 | -46.14% | 0.46 | 0.06% |
Bangladesh | 0.00 | 0.00 | 0.00% | 2.51 | 0.31% |