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Where does Vietnam get its iron and steel scrap? Import sources 2024

In 2024, Vietnam imported $1.6 billion of iron and steel scrap (4.5 million tonnes), 3.6% of the world total. Japan sold 57% of the total, followed by Hong Kong (12%) and the United States (11%). Vietnam was the world’s 9th-largest importer of iron and steel scrap.

Summary

Value
$1.6billion
Tonnes
4.5million tonnes
Share of world total
3.6%
World rank
9th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Japan892Tonnes: 2,601,000USD per tonne: $34356.6%Sea
Hong Kong re-exports190Tonnes: 559,815USD per tonne: $34012.1%Sea
United States177Tonnes: 510,628USD per tonne: $34711.3%Sea
Australia171Tonnes: 365,811USD per tonne: $46810.9%Sea
Chile33.8Tonnes: 104,617USD per tonne: $3242.2%Sea
Canada30.6Tonnes: 100,161USD per tonne: $3061.9%Sea
Singapore re-exports23.5Tonnes: 64,684USD per tonne: $3631.5%Sea
South Korea20.3Tonnes: 58,185USD per tonne: $3481.3%Sea
New Zealand17.2Tonnes: 54,171USD per tonne: $3171.1%Sea
Macao6.1Tonnes: 52,136USD per tonne: $1160.39%Sea
Taiwan5Tonnes: 12,199USD per tonne: $4130.32%Sea
Dominican Republic3.2Tonnes: 19,354USD per tonne: $1670.21%Sea
Philippines2Tonnes: 5,588USD per tonne: $3600.13%Sea
Thailand1.2Tonnes: 2,585USD per tonne: $4760.08%Sea
Nicaragua0.4Tonnes: 1,864USD per tonne: $2160.03%Sea
Germany0.33Tonnes: 1,694USD per tonne: $1960.02%Sea
South Africa0.33Tonnes: 793USD per tonne: $4160.02%Sea
Panama0.22Tonnes: 2,725USD per tonne: $790.01%Sea
Ireland0.2Tonnes: 625USD per tonne: $3260.01%Sea
Paraguay0.14Tonnes: 523USD per tonne: $2700.01%Sea

Trend

Who it buys from

Japan has been its main source since 2015

Value in USD billions. The five largest sources in 2024.

  • Japan 0.89
  • Hong Kong 0.19
  • United States 0.18
  • Australia 0.17
  • Chile 0.03

Source: CEPII BACI

Show the numbers
Partner19952024
Japan< 0.010.89
Hong Kong< 0.010.19
United States< 0.010.18
Australia00.17
Chile00.03

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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