Vietnam’s iron and steel imports climbed to US$1.08 billion in December 2024, a 5.15 percent month-on-month increase, according to data from Vietnam’s General Department of Customs. Year-to-date imports reached US$12.58 billion.
China remained the largest supplier, contributing US$568.42 million, a 3.19 percent rise from November. Japan recorded the most significant monthly growth among major suppliers, surging by 24.57 percent to US$168.35 million. Imports from South Korea also rose by 9.51 percent to US$152.13 million.
In contrast, Indonesia’s exports to Vietnam fell by 13.78 percent to US$114.04 million. However, smaller suppliers such as South Africa, Germany, and Australia posted remarkable increases, with South Africa recording a 481.74 percent rise, followed by Germany at 86.79 percent and Australia at 50.94 percent.
See also: Can Vietnam Survive the Steel-Trade Wars?
Vietnam’s imports of iron and steel, December 2024
| December | November | MoM | YTD | |
| Total | 1,080,665,390 | 1,027,784,307 | 5.15% | 12,583,390,915 |
| Other | 10,729,078 | 12,546,230 | -14.48% | 135,139,363 |
| China | 568,420,118 | 550,871,583 | 3.19% | 7,489,955,863 |
| Japan | 168,345,691 | 135,146,548 | 24.57% | 1,504,765,388 |
| South Korea | 152,130,385 | 138,923,909 | 9.51% | 1,258,824,147 |
| Indonesia | 114,041,502 | 132,262,298 | -13.78% | 1,264,072,618 |
| Taiwan | 49,436,922 | 48,421,851 | 2.10% | 633,856,230 |
| Thailand | 6,528,981 | 3,581,928 | 82.28% | 66,693,824 |
| India | 3,727,428 | 2,931,559 | 27.15% | 182,049,502 |
| South Africa | 2,944,546 | 506,164 | 481.74% | 8,760,517 |
| Germany | 2,334,560 | 1,249,860 | 86.79% | 17,061,999 |
| Australia | 2,026,179 | 1,342,377 | 50.94% | 22,211,464 |