Steel: USA, Japan Vietnam’s top export destinations for iron and steel products in July

Vietnam’s exports of iron and steel products totaled $463,101,936 in July 2025, according to the latest data from Vietnam’s General Department of Customs.

This represents a -1.97 percent decrease compared to June, contributing to a year-to-date total of $3,275,491,713.

Here are the top five destinations by dollar value for Vietnam’s iron and steel products exports in July 2025:

USA

The USA was Vietnam’s largest export market for these products in July, with values totaling $152,205,953.

This marks a 13.48 percent month-on-month increase from June.

The USA’s year-to-date total stands at $870,860,422, accounting for 26.59 percent of all YTD exports.

Japan

Japan was the second-largest destination, with July exports valued at $53,534,482.

This represents a 3.11 percent month-on-month increase.

Japan’s year-to-date total for these exports is $360,299,290, making up 11.00 percent of the total YTD exports for this product.

Taiwan

Taiwan secured the third position in July with exports totaling $22,564,848.

This indicates a significant -70.92 percent month-on-month decrease.

Its year-to-date contribution to Vietnam’s exports is $407,965,348, making up 12.46 percent of the total YTD exports.

South Korea

South Korea contributed $19,558,540 worth of iron and steel products in July.

This country saw a 14.10 percent month-on-month increase.

South Korea’s year-to-date total for these exports is $113,149,378, accounting for 3.45 percent of the total YTD exports for this product.

Australia

Australia rounded out the top five export destinations with $18,153,063 in July exports.

This country saw a -20.57 percent month-on-month decrease.

Australia’s year-to-date total for these exports is $142,194,293, representing 4.34 percent of the total YTD exports for this category.

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

Vietnam’s exports of iron and steel products, US$ millions

JulyJuneMoMYTD% of YTD
Total463.10472.41-1.97%3,275.49100.00%
Other34.5326.6729.47%210.706.43%
USA152.21134.1313.48%870.8626.59%
Japan53.5351.923.11%360.3011.00%
Taiwan22.5677.60-70.92%407.9712.46%
South Korea19.5617.1414.10%113.153.45%
Australia18.1522.85-20.57%142.194.34%
Cambodia14.3913.367.72%96.772.95%
India13.5812.954.85%80.752.47%
Thailand12.9111.868.82%75.182.30%
Philippines11.9010.7111.06%61.671.88%
Germany11.759.5722.68%117.663.59%
Canada10.557.4641.50%64.591.97%
Poland9.288.2612.46%48.661.49%
Netherlands8.998.594.61%57.451.75%
Saudi Arabia8.643.47148.78%55.271.69%
China7.798.30-6.08%53.091.62%
Sweden5.044.824.46%42.471.30%
Indonesia4.753.1550.63%23.660.72%
Italy4.524.168.52%31.090.95%
Laos4.155.05-17.87%44.181.35%
UAE4.022.5855.88%24.980.76%
Spain3.952.5356.40%20.860.64%
Singapore3.823.761.39%21.770.66%
Malaysia3.763.672.51%52.331.60%
Belgium3.383.61-6.50%25.600.78%
Finland2.801.6173.68%12.610.38%
UK2.432.47-1.34%17.460.53%
France1.951.6518.31%11.730.36%
Hong Kong1.691.85-8.27%9.640.29%
Denmark0.861.43-39.83%12.930.39%
Switzerland0.850.89-3.71%5.750.18%
Brazil0.801.33-40.17%12.920.39%
Myanmar0.790.5836.94%4.680.14%
Greece0.770.6715.15%3.690.11%
Mozambique0.720.33117.10%2.580.08%
Romania0.430.64-33.53%26.550.81%
Czech Republic0.430.3041.81%1.830.06%
South Africa0.360.16133.07%2.400.07%
Argentina0.220.08195.11%1.150.04%
Norway0.090.0728.37%0.880.03%
Pakistan0.060.000.00%0.360.01%
Kuwait0.050.000.00%0.490.01%
Bangladesh0.050.0511.85%1.090.03%
Iceland0.020.000.00%0.270.01%
Brunei Darussalam
0.000.000.00%0.100.00%
Kazakhstan0.000.000.00%0.030.00%
Lithuania0.000.12-100.00%43.171.32%
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