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.

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

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