Iron & steel: Vietnam exports up 10.44 percent in April, India top destination

Vietnam’s exports of iron and steel reached US$709.99 million in April 2025, according to figures released by Vietnam’s General Department of Customs. This represents an increase of 10.44 percent compared to March, with a year-to-date (YTD) export value of US$2.49 billion.

India emerges as the top export market with substantial growth:

India became the leading export market in April, with exports valued at US$96.20 million, a significant increase of 76.68 percent from March. India accounts for 8.23 percent of the total year-to-date exports.

Cambodia remains a major export market despite a decrease:

Cambodia was the second-largest export market in April, with exports valued at US$72.25 million, a decrease of 14.84 percent from the previous month. Cambodia accounts for 11.33 percent of the year-to-date exports.

Italy sees significant growth:

Exports to Italy experienced a substantial increase of 74.05 percent in April, reaching US$70.76 million. Italy accounts for 8.42 percent of the year-to-date exports.

Indonesia records substantial growth:

Exports to Indonesia surged by 63.36 percent in April, reaching US$48.49 million. Indonesia accounts for 6.85 percent of the year-to-date exports.

Significant month-on-month increases and decreases:

Saudi Arabia experienced the largest month-on-month increase at 1137.37 percent, followed by Hong Kong and Philippines. Conversely, Germany experienced the most significant decrease at 97.59 percent, followed by Turkey and USA. Notably, there were no exports to Argentina and Bangladesh in April after exports in March.

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

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