Vietnam’s imports of ores and other minerals products reached US$235.62 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant decrease of 29.57 percent compared to April, bringing the year-to-date (YTD) import value to US$1.31 billion.

Australia and Brazil, the top suppliers, experience substantial declines:

Australia remained the primary source for these imports, with a May value of US$111.57 million. This signifies a decrease of 29.95 percent from April and accounts for a significant 42.86 percent of the total year-to-date imports. Brazil, the second-largest supplier, also saw a sharp decline of 33.35 percent, with imports falling to US$48.31 million, yet still contributing 26.85 percent to the YTD total.

Thailand, Cambodia, and Taiwan also see significant decreases:

Imports from Thailand plummeted by 81.21 percent, Cambodia by 64.52 percent, and Taiwan by 76.38 percent in May. These sharp drops indicate a significant reduction in demand or a shift away from these specific sources.

Russia, France, and Malaysia show extraordinary month-on-month surges:

Conversely, several countries exhibited remarkable month-on-month growth in May, albeit often from lower bases:

Russia recorded an astonishing surge of 371.78 percent, reaching US$1.25 million.
France imports jumped by 335.13 percent.
Malaysia imports surged by 149.59 percent.
Canada imports grew by 86.29 percent.
India and USA also showed strong increases of 55.32 percent and 35.91 percent, respectively.

Notable declines from other key markets:

Singapore imports decreased by 68.04 percent.
Japan imports fell by 42.70 percent.
Turkey and Germany also experienced notable decreases.
Myanmar recorded no imports in May after having imports in April.

The overall sharp decline in May’s imports of ores and other minerals products suggests a significant reduction in demand in Vietnam, particularly from its largest suppliers, while smaller, more volatile, sources show dramatic increases.

Vietnam imports of ores and other minerals product, May 2025, US$ millions

	May	April	MoM	YTD	% of YTD
Total	235.62	334.55	-29.57%	1,310.11	100.00%
Other	40.09	43.66	-8.18%	0.00	0.00%
Australia	111.57	159.27	-29.95%	561.55	42.86%
Brazil	48.31	72.48	-33.35%	351.78	26.85%
China	10.52	13.01	-19.11%	49.26	3.76%
Laos	6.72	5.41	24.15%	22.39	1.71%
Thailand	3.92	20.87	-81.21%	54.37	4.15%
Cambodia	3.21	9.05	-64.52%	26.62	2.03%
India	3.09	1.99	55.32%	10.90	0.83%
USA	1.64	1.21	35.91%	8.23	0.63%
Russia	1.25	0.26	371.78%	14.56	1.11%
South Korea	0.86	0.99	-13.23%	5.11	0.39%
Malaysia	0.84	0.34	149.59%	4.35	0.33%
France	0.74	0.17	335.13%	1.39	0.11%
Turkey	0.53	0.91	-41.95%	9.57	0.73%
Japan	0.49	0.86	-42.70%	4.17	0.32%
Singapore	0.45	1.40	-68.04%	2.38	0.18%
Canada	0.42	0.22	86.29%	1.22	0.09%
Taiwan	0.40	1.68	-76.38%	6.30	0.48%
Germany	0.39	0.59	-33.62%	3.03	0.23%
Myanmar	0.11	0.00	0.00%	3.15	0.24%
UAE	0.07	0.17	-57.63%	0.25	0.02%

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