Iron & steel products: Vietnam exports down 8.07 percent in April, USA top destination

Vietnam’s exports of iron and steel products reached US$486.45 million in April 2025, according to figures released by Vietnam’s General Department of Customs. This represents a decrease of 8.07 percent compared to March, with a year-to-date (YTD) export value of US$1.86 billion.

USA remains the top export market despite a slight decrease:

The USA was the leading export market in April, with exports valued at US$126.56 million. This marks a slight decrease of 2.88 percent from March but still accounts for the largest share of the year-to-date exports at 25.17 percent.

Taiwan sees a significant decrease but remains a key market:

Taiwan was the second-largest export market in April, with exports valued at US$64.87 million, a substantial decrease of 20.94 percent from the previous month. Taiwan accounts for 13.28 percent of the year-to-date exports.

Japan sees a moderate decrease:

Exports to Japan experienced a decrease of 7.23 percent in April, reaching US$51.07 million. Japan accounts for 11.10 percent of the year-to-date exports.

Germany records substantial growth:

Exports to Germany surged by 51.84 percent in April, reaching US$17.85 million. Germany accounts for 3.94 percent of the year-to-date exports.

Significant month-on-month increases and decreases:

Mozambique experienced the largest month-on-month increase at 362.51 percent, followed by UK and Czech Republic. Conversely, Romania experienced the most significant decrease at 94.83 percent, followed by Brazil and Lithuania. Notably, there were no exports to Bangladesh in April after exports in March.

See also: Can Vietnam Survive the Steel-Trade Wars?

Vietnam exports of iron and steel products, April 2025, US$ millions