2023
Exports
$3.91BWorld Rnk 21 / 226
Flag Rnk 19 / 96
2023
PRODUCT COMPLEXITY IN Iron or steel articles
1.67Rnk 25 / 1025
2023
Imports
$3.82BWorld Rnk 31 / 226
Flag Rnk 14 / 96
2023
ECONOMIC COMPLEXITY of Vietnam
0.067Rnk 60 / 132

About

Exports In 2023, Vietnam exported $3.91B in Iron or steel articles, making it the 21st largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 19th most exported product in Vietnam. The main destination of Iron or steel articles exports from Vietnam are: United States ($1.33B), Japan ($459M), Germany ($240M), India ($180M), and Australia ($172M).

The fastest growing export markets for Iron or steel articles of Vietnam between 2022 and 2023 were Australia ($55M), Belgium ($35.9M), and Thailand ($11.4M).

Imports In 2023, Vietnam imported $3.82B in Iron or steel articles, becoming the 31st largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 14th most imported product in Vietnam. Vietnam imports Iron or steel articles primarily from: China ($3.06B), Thailand ($167M), Japan ($153M), Chinese Taipei ($88.9M), and United States ($40.2M).

The fastest growing import markets in Iron or steel articles for Vietnam between 2022 and 2023 were China ($648M), Hong Kong ($18M), and Singapore ($11.1M).

COMPANIES In 2024, leading companies such as Hyosung (201), Groupe SEB (151), and Stelfast (69) were at the forefront of shipping Iron or steel articles from Vietnam to the United States.

Latest Trends

Dec 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 Iron or steel articles. Countries are shown based on data availability.

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

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$3.91B
IMPORTS (2023)$3.82B
NET TRADE (2023)$83.7M

In 2023, Vietnam exported $3.91B in Iron or steel articles. The main destinations of Vietnam exports on Iron or steel articles were United States ($1.33B), Japan ($459M), Germany ($240M), India ($180M), and Australia ($172M).

In 2023, Vietnam imported $3.82B in Iron or steel articles, mainly from China ($3.06B), Thailand ($167M), Japan ($153M), Chinese Taipei ($88.9M), and United States ($40.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Vietnam WERE (2022 - 2023):
Australia$55M (46.9%)
Belgium$35.9M (144%)
Thailand$11.4M (9.11%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Vietnam WERE (2022 - 2023):
South Korea-$181M (-100%)
Netherlands-$156M (-74.9%)
Bangladesh-$148M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Vietnam's main exporting competitors in Iron or steel articles were:
In 2023, Vietnam's main importing competitors in Iron or steel articles were:

Explore Visualizations

Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $232M
TOP IMPORT POTENTIALChina+ $855M

Iron or steel articles’s highest export potential is United States. With an export gap of $232M.   Iron or steel articles’s highest import potential is China with an import gap of $855M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with