Vietnam’s exports of iron and steel products increased by 23.05 percent in December compared to November, reaching US$506.05 million, according to data from Vietnam’s General Department of Customs.
Vietnam’s iron and steel products exports total US$4.59 billion for 2024.
The rise in exports was driven by a significant increase in shipments to the USA, which saw a 54.59 percent growth, amounting to US$166.29 million. Exports to Taiwan and Australia also showed positive growth, increasing by 15.22 percent and 12.73 percent, respectively.
However, some markets experienced a decline. Exports to Japan, South Korea, Thailand, and India dropped by 1.53 percent, 8.36 percent, 7.10 percent, and 9.75 percent, respectively.
See also: Can Vietnam Survive the Steel-Trade Wars?
Vietnam iron and steel products exports, December 2024, US$
| December | November | MoM | 2024 | |
| Total | 506,050,252 | 411,268,516 | 23.05% | 4,594,393,476 |
| Other | 66,167,533 | 65,052,244 | 1.71% | 772,891,182 |
| USA | 166,291,420 | 107,567,891 | 54.59% | 1,331,044,294 |
| Taiwan | 54,381,691 | 47,199,208 | 15.22% | 255,219,983 |
| Japan | 52,751,469 | 53,571,079 | -1.53% | 612,740,176 |
| South Korea | 20,240,825 | 22,086,150 | -8.36% | 237,533,528 |
| Australia | 15,929,184 | 14,129,989 | 12.73% | 183,158,253 |
| Cambodia | 13,779,697 | 13,055,061 | 5.55% | 137,448,649 |
| Germany | 12,904,002 | 12,317,537 | 4.76% | 143,291,769 |
| Netherlands | 11,735,522 | 5,963,875 | 96.78% | 89,303,794 |
| Canada | 10,265,222 | 7,097,877 | 44.62% | 107,214,892 |
| Thailand | 10,260,047 | 11,044,473 | -7.10% | 129,258,046 |
| India | 10,034,353 | 11,118,424 | -9.75% | 117,256,367 |
| Philippines | 9,490,551 | 7,961,893 | 19.20% | 73,179,816 |
| Sweden | 8,860,322 | 916,834 | 866.40% | 19,815,881 |
| Brazil | 7,225,912 | 1,053,388 | 585.97% | 21,975,207 |
| China | 6,770,903 | 7,332,170 | -7.65% | 84,604,250 |
| Poland | 6,521,297 | 6,301,838 | 3.48% | 72,466,049 |
| Malaysia | 6,357,912 | 4,222,128 | 50.59% | 47,043,108 |
| Laos | 5,517,178 | 5,066,320 | 8.90% | 53,242,129 |
| Belgium | 5,449,458 | 4,729,992 | 15.21% | 56,055,546 |
| Italy | 5,115,754 | 3,480,145 | 47.00% | 49,650,557 |
See also: How to Start an Export Business in Vietnam.