2022
Exports
$255kWorld Rnk 80 / 128
Flag Rnk 1019 / 1176
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$1.92BWorld Rnk 9 / 130
Flag Rnk 32 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $255k in Iron Ore, making it the 80th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 1019th most exported product in Vietnam. The main destination of Iron Ore exports from Vietnam are: China ($152k), Japan ($37.2k), South Korea ($17.6k), Belgium ($16k), and Netherlands ($8.74k).

The fastest growing export markets for Iron Ore of Vietnam between 2021 and 2022 were United States ($5.18k), Japan ($3.21k), and France ($2.39k).

Imports In 2022, Vietnam imported $1.92B in Iron Ore, becoming the 9th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 32nd most imported product in Vietnam. Vietnam imports Iron Ore primarily from: Australia ($876M), Brazil ($514M), Malaysia ($259M), China ($101M), and Ukraine ($59.1M).

The fastest growing import markets in Iron Ore for Vietnam between 2021 and 2022 were China ($101M), Indonesia ($4.14M), and Cambodia ($9.31k).

Latest Trends

Sep 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 Iron Ore. 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)$255k
IMPORTS (2022)$1.92B
NET TRADE (2022)-$1.92B

In 2022, Vietnam exported $255k in Iron Ore. The main destinations of Vietnam exports on Iron Ore were China ($152k), Japan ($37.2k), South Korea ($17.6k), Belgium ($16k), and Netherlands ($8.74k).

In 2022, Vietnam imported $1.92B in Iron Ore, mainly from Australia ($876M), Brazil ($514M), Malaysia ($259M), China ($101M), and Ukraine ($59.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$5.18k (164%)
Japan$3.21k (9.45%)
France$2.39k (208%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Vietnam WERE (2021 - 2022):
China-$2.92M (-95.1%)
Belgium-$29.4k (-64.7%)
South Korea-$24.1k (-57.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Vietnam's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $938k
TOP IMPORT POTENTIALChina+ $61.9M

Iron Ore’s highest export potential is China. With an export gap of $938k.   Iron Ore’s highest import potential is China with an import gap of $61.9M.

See methodology.

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