Vietnam’s exports of iron and steel products fell by 7.98 percent in February 2025 compared to January, reaching US$403.95 million, according to data from Vietnam’s General Department of Customs.
Vietnam’s iron and steel products exports total US$842.44 million for 2025, reflecting continued demand despite a month-on-month decrease.
The decline in exports was primarily due to a drop in shipments to key markets such as the USA and Italy, with exports to the USA falling by 20.35 percent, amounting to US$93.53 million, and exports to Italy decreasing by 27.49 percent, reaching US$42.05 million. However, exports to Cambodia, Indonesia, and Malaysia saw growth, increasing by 41.00 percent, 54.24 percent, and 75.76 percent, respectively.
See also: Can Vietnam Survive the Steel-Trade Wars?
Vietnam iron and steel products exports, February 2025, US$ millions
| February | January | MoM | % of Total | YTD | |
| Total | 403.95 | 438.99 | -7.98% | 100.00% | 842.44 |
| Other | 25.97 | 27.12 | -4.24% | 6.43% | 53.31 |
| USA | 93.53 | 117.43 | -20.35% | 23.15% | 210.97 |
| Taiwan | 44.47 | 55.41 | -19.74% | 11.01% | 99.88 |
| Japan | 50.54 | 49.58 | 1.92% | 12.51% | 100.11 |
| Germany | 16.09 | 27.51 | -41.49% | 3.98% | 43.60 |
| Australia | 20.22 | 21.42 | -5.57% | 5.01% | 41.62 |
| South Korea | 14.40 | 14.45 | -0.37% | 3.56% | 28.86 |
| Cambodia | 11.18 | 14.36 | -22.12% | 2.77% | 25.54 |
| Thailand | 8.94 | 10.82 | -17.37% | 2.21% | 19.05 |
| Lithuania | 4.05 | 9.75 | -58.49% | 1.00% | 13.80 |
| Canada | 11.60 | 8.95 | 29.66% | 2.87% | 20.55 |
| Sweden | 12.68 | 6.90 | 83.82% | 3.14% | 19.58 |
| Philippines | 5.45 | 6.89 | -20.90% | 1.35% | 12.34 |
| Netherlands | 6.05 | 6.37 | -4.92% | 1.50% | 12.42 |
| India | 6.80 | 6.10 | 11.54% | 1.68% | 12.90 |
| Poland | 5.12 | 5.62 | -8.92% | 1.27% | 10.74 |
| China | 5.87 | 5.49 | 6.92% | 1.45% | 11.35 |
| Laos | 5.09 | 4.92 | 3.57% | 1.26% | 10.01 |
| Singapore | 2.53 | 4.03 | -37.15% | 0.63% | 6.56 |
| Bangladesh | 0.11 | 3.90 | -97.27% | 0.03% | 0.11 |
| UAE | 2.37 | 3.65 | -35.04% | 0.59% | 6.02 |
| Malaysia | 4.50 | 3.37 | 33.35% | 1.11% | 7.86 |
| Italy | 5.55 | 3.36 | 65.24% | 1.37% | 8.91 |
| Denmark | 1.64 | 3.09 | -46.89% | 0.41% | 4.72 |
| Indonesia | 3.21 | 2.92 | 9.79% | 0.79% | 6.13 |
| Spain | 1.51 | 2.39 | -36.73% | 0.37% | 3.91 |
| UK | 2.53 | 2.19 | 15.22% | 0.63% | 4.72 |
| Saudi Arabia | 6.06 | 2.11 | 187.87% | 1.50% | 8.17 |
| France | 1.27 | 1.84 | -30.82% | 0.32% | 3.11 |
| Belgium | 3.15 | 1.15 | 173.28% | 0.78% | 7.06 |
| Hong Kong | 1.18 | 1.14 | 3.06% | 0.29% | 2.32 |
| Switzerland | 0.79 | 0.93 | -15.66% | 0.19% | 1.72 |
| Finland | 1.21 | 0.88 | 38.20% | 0.30% | 2.09 |
| Romania | 14.93 | 0.82 | 1718.65% | 3.70% | 15.75 |
| South Africa | 0.49 | 0.53 | -7.63% | 0.12% | 1.02 |
| Greece | 0.41 | 0.48 | -13.80% | 0.10% | 0.89 |
| Norway | 0.03 | 0.31 | -89.22% | 0.01% | 0.34 |
| Myanmar | 0.73 | 0.28 | 158.77% | 0.18% | 1.01 |
| Argentina | 0.12 | 0.28 | -55.32% | 0.03% | 0.40 |
| Czech Republic | 0.39 | 0.12 | 220.81% | 0.10% | 0.52 |
| Kuwait | 0.00 | 0.08 | -100.00% | 0.00% | 0.08 |
| Pakistan | 0.06 | 0.04 | 29.48% | 0.01% | 0.10 |
| Brazil | 1.06 | 0.02 | 5048.76% | 0.26% | 2.21 |
Brunei Darussalam | 0.06 | 0.00 | 0.00% | 0.02% | 0.08 |
See also: How to Start an Export Business in Vietnam.