Vietnam’s imports of ferrous waste and scrap declined by 51.11 percent month-on-month in January to US$103.08 million, according to Vietnam’s General Department of Customs. This follows a sharp drop from US$210.83 million recorded in December.
Year-to-date, Vietnam’s total imports of ferrous waste and scrap stood at US$103.08 million. Japan remained the dominant supplier, contributing US$50.70 million, or 49.20 percent of the total. Hong Kong followed with US$15.39 million, representing 14.93 percent, while the USA supplied US$11.34 million.
Among major suppliers, Chile recorded the highest month-on-month growth, increasing 60.12 percent. In contrast, New Zealand saw the steepest decline, with imports falling 98.38 percent. The Philippines and Japan also posted significant drops of 92.83 percent and 59.72 percent, respectively.
The industry remains heavily reliant on Japan, which continues to supply nearly half of Vietnam’s ferrous waste and scrap imports. While Chile showed strong growth, overall imports from most key suppliers declined significantly, reflecting shifting trade patterns and reduced demand.
See also: Rethinking Financing Vietnam’s Clean Energy Transition
Vietnam ferrous waste and scrap imports, January, US$ millions
| January | December | MoM | YTD | % of Total | |
| Total | 103.08 | 210.83 | -51.11% | 103.08 | 100.00% |
| Other | 7.57 | 23.43 | -67.69% | 7.57 | 7.35% |
| Japan | 50.70 | 125.87 | -59.72% | 50.70 | 49.19% |
| Hong Kong | 15.39 | 14.17 | 8.62% | 15.39 | 14.93% |
| USA | 11.34 | 15.40 | -26.35% | 11.34 | 11.00% |
| Australia | 9.88 | 12.13 | -18.57% | 9.88 | 9.58% |
| Chile | 4.85 | 3.03 | 60.12% | 4.85 | 4.71% |
| Canada | 2.68 | 3.19 | -16.12% | 2.68 | 2.60% |
| Philippines | 0.25 | 3.46 | -92.83% | 0.25 | 0.24% |
| Taiwan | 0.22 | 0.26 | -12.16% | 0.22 | 0.22% |
| New Zealand | 0.16 | 9.82 | -98.38% | 0.16 | 0.15% |
| Mexico | 0.04 | 0.07 | -51.67% | 0.04 | 0.04% |