2022
Exports
$48.8MWorld Rnk 71 / 212
Flag Rnk 408 / 1176
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$1.67BWorld Rnk 9 / 187
Flag Rnk 35 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $48.8M in Scrap Iron, making it the 71st largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 408th most exported product in Vietnam. The main destination of Scrap Iron exports from Vietnam are: India ($20.9M), South Korea ($20.7M), China ($1.88M), Chinese Taipei ($1.78M), and France ($1.31M).

The fastest growing export markets for Scrap Iron of Vietnam between 2021 and 2022 were South Korea ($8.82M), China ($1.03M), and France ($335k).

Imports In 2022, Vietnam imported $1.67B in Scrap Iron, becoming the 9th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 35th most imported product in Vietnam. Vietnam imports Scrap Iron primarily from: Japan ($587M), United States ($392M), Hong Kong ($187M), Australia ($146M), and Singapore ($102M).

The fastest growing import markets in Scrap Iron for Vietnam between 2021 and 2022 were Singapore ($43.4M), Lithuania ($13.6M), and Turkey ($11.2M).

COMPANIES In 2023, leading companies such as Home Depot (147), Hyosung (14), and Euromarket Designs (13) were at the forefront of shipping Scrap Iron from Vietnam to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Scrap 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)$48.8M
IMPORTS (2022)$1.67B
NET TRADE (2022)-$1.62B

In 2022, Vietnam exported $48.8M in Scrap Iron. The main destinations of Vietnam exports on Scrap Iron were India ($20.9M), South Korea ($20.7M), China ($1.88M), Chinese Taipei ($1.78M), and France ($1.31M).

In 2022, Vietnam imported $1.67B in Scrap Iron, mainly from Japan ($587M), United States ($392M), Hong Kong ($187M), Australia ($146M), and Singapore ($102M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$8.82M (74%)
China$1.03M (119%)
France$335k (34.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Vietnam WERE (2021 - 2022):
India-$3.62M (-14.8%)
Thailand-$2.5M (-75.7%)
Chinese Taipei-$696k (-28.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Scrap Iron were:
In 2022, Vietnam's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $19.3M
TOP IMPORT POTENTIALUnited Kingdom+ $15.3M

Scrap Iron’s highest export potential is India. With an export gap of $19.3M.   Scrap Iron’s highest import potential is United Kingdom with an import gap of $15.3M.

See methodology.

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