Vietnam’s iron and steel imports rose sharply by 50.89 percent month-on-month in February, reaching US$1.04 billion, according to Vietnam’s General Department of Customs. This follows January’s total of US$691.29 million, bringing year-to-date imports to US$1.73 billion.

China remained Vietnam’s dominant supplier, accounting for 56.61 percent of total imports at US$590.51 million, a 66.71 percent increase from the previous month. Japan followed with US$147.71 million, up 45.21 percent, while Indonesia saw a 35.46 percent rise to US$130.27 million.

South Korea’s exports to Vietnam grew by 30.48 percent to US$103.79 million, and Taiwan saw a modest increase of 5.19 percent to US$45.51 million. Meanwhile, the USA recorded the highest relative growth, surging by 433.49 percent to US$2.27 million.

Despite the overall increase, imports from the Philippines and Spain declined by 24.81 percent and 27.03 percent, respectively.

Vietnam iron and steel imports, February 2025, US$ millions

	February	% Total	January	MoM	YTD
Total	1,043.11	100.00%	691.29	50.89%	1,734.58
Other	1.36	0.13%	1.67	-18.81%	2.93
China	590.51	56.61%	354.22	66.71%	944.79
Japan	147.71	14.16%	101.73	45.21%	249.50
Indonesia	130.27	12.49%	96.17	35.46%	226.45
South Korea	103.79	9.95%	79.54	30.48%	183.37
Taiwan	45.51	4.36%	43.26	5.19%	88.78
Thailand	5.04	0.48%	2.56	96.80%	7.60
India	3.79	0.36%	2.86	32.52%	6.65
Malaysia	2.46	0.24%	1.33	84.93%	3.79
South Africa	2.40	0.23%	0.83	190.02%	3.23
USA	2.27	0.22%	0.43	433.49%	2.70
Germany	1.86	0.18%	1.33	39.85%	3.19
Sweden	1.48	0.14%	1.01	46.80%	2.49
Australia	1.19	0.11%	0.81	46.41%	2.01
Philippines	0.66	0.06%	0.87	-24.81%	1.53
France	0.66	0.06%	0.53	24.42%	1.19
Spain	0.49	0.05%	0.67	-27.03%	1.17
Italy	0.39	0.04%	0.05	657.56%	0.44
Canada	0.28	0.03%	0.03	705.39%	0.31
Netherlands	0.22	0.02%	0.00	0.00%	0.23
Finland	0.17	0.02%	0.20	-11.38%	0.37
Mexico	0.15	0.01%	0.06	148.24%	0.22
Turkey	0.15	0.01%	0.02	580.70%	0.17
Poland	0.09	0.01%	0.00	0.00%	0.11
Belgium	0.09	0.01%	0.21	-57.05%	0.31
Saudi Arabia	0.07	0.01%	0.00	0.00%	0.08
Singapore	0.03	0.00%	0.00	0.00%	0.03
Austria	0.00	0.00%	0.08	-100.00%	0.13
Hong Kong	0.00	0.00%	0.00	0.00%	0.02
New Zealand	0.00	0.00%	0.61	-100.00%	0.61
Russia	0.00	0.00%	0.19	-100.00%	0.19

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