Vietnam’s exports of ores and other mineral products saw a dramatic increase in October 2024, with export volumes reaching 84,958 tonnes and a value of US$21.63 million. This represents a 108.1 percent rise in volume and a 46.5 percent increase in value compared to September, which recorded 40,827 tonnes and US$14.77 million, according to Vietnam’s General Department of Customs.
However, year-to-date performance presents a mixed picture. From January to October, exports totalled 1.71 million tonnes, marking a 28.8 percent decline in volume compared to the same period in 2023. Despite this, export value rose by 11.1 percent, reaching US$174.41 million, likely reflecting higher unit prices.
The October surge indicates strong short-term demand, but the year-to-date decline in volume underscores challenges in sustaining consistent export levels. Enhancing production and addressing logistical bottlenecks could help stabilise the sector’s performance.
See also: Mining in Vietnam: Industry Overview
Vietnam’s ore and other minerals exports, October vs. September 2024
| October | September | MoM | YTD | |
| Total | 21,628,269 | 14,766,691 | 46.47% | 174,413,723 |
| Other | 15,692,532 | 1,197,032 | 1210.95% | 50,596,132 |
| China | 3,564,343 | 11,247,253 | -68.31% | 78,261,780 |
| Indonesia | 27,719 | 0 | 0.00% | 2,468,549 |
| Japan | 50,922 | 693,307 | -92.66% | 16,024,372 |
| Malaysia | 366,390 | 61,840 | 492.48% | 5,840,473 |
| Russia | 0 | 0 | 0.00% | 280,348 |
| South Korea | 951,697 | 392,691 | 142.35% | 6,830,930 |
| Taiwan | 910,219 | 920,894 | -1.16% | 12,849,749 |
| Thailand | 64,447 | 253,674 | -74.59% | 1,261,390 |