2022
Exports | Imports
$1.04B | $5.46BWorld Rnk 19 / 151
Flag Rnk 69 / 1176
World Rnk 2 / 214
Flag Rnk 8 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.062Rnk 60 / 124
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.31Rnk 451 / 1025

About

Exports In 2022, Vietnam exported $1.04B in Hot-Rolled Iron, making it the 19th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 69th most exported product in Vietnam. The main destination of Hot-Rolled Iron exports from Vietnam are: Malaysia ($355M), Italy ($288M), Indonesia ($147M), India ($48.8M), and Poland ($45.7M).

The fastest growing export markets for Hot-Rolled Iron of Vietnam between 2021 and 2022 were India ($48.8M), Poland ($45.7M), and Philippines ($18.3M).

Imports In 2022, Vietnam imported $5.46B in Hot-Rolled Iron, becoming the 2nd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 8th most imported product in Vietnam. Vietnam imports Hot-Rolled Iron primarily from: China ($2.55B), Japan ($736M), Chinese Taipei ($690M), South Korea ($537M), and India ($354M).

The fastest growing import markets in Hot-Rolled Iron for Vietnam between 2021 and 2022 were China ($2.02B), Indonesia ($190M), and Australia ($59.9M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Hot-Rolled Iron from Vietnam to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hot-Rolled Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.04B
IMPORTS (2022)$5.46B
NET TRADE (2022)-$4.42B

In 2022, Vietnam exported $1.04B in Hot-Rolled Iron. The main destinations of Vietnam exports on Hot-Rolled Iron were Malaysia ($355M), Italy ($288M), Indonesia ($147M), India ($48.8M), and Poland ($45.7M).

In 2022, Vietnam imported $5.46B in Hot-Rolled Iron, mainly from China ($2.55B), Japan ($736M), Chinese Taipei ($690M), South Korea ($537M), and India ($354M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
India$48.8M (1%)
Poland$45.7M (1%)
Philippines$18.3M (428%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Vietnam WERE (2021 - 2022):
Mexico-$164M (-89.6%)
United States-$37.8M (-72.1%)
Thailand-$33.5M (-60.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Vietnam's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

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