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Where does Vietnam get its iron ore? Import sources 2024

In 2024, Vietnam imported $1.5 billion of iron ore (17.8 million tonnes), 0.9% of the world total. Australia sold 58% of the total, followed by Malaysia (24%) and China (10%). Vietnam was the world’s 10th-largest importer of iron ore.

Summary

Value
$1.5billion
Tonnes
17.8million tonnes
Share of world total
0.9%
World rank
10th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 7 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Australia861Tonnes: 9,357,092USD per tonne: $9258.3%Sea
Malaysia356Tonnes: 5,361,078USD per tonne: $6624.1%Sea
China146Tonnes: 1,230,419USD per tonne: $1189.9%Sea
South Africa60.3Tonnes: 622,402USD per tonne: $974.1%Sea
Cambodia23.3Tonnes: 775,567USD per tonne: $301.6%Sea
Turkey16.6Tonnes: 342,602USD per tonne: $481.1%Sea
Brazil13.2Tonnes: 141,420USD per tonne: $940.9%Sea

Trend

Who it buys from

Australia has been its main source since 2017

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

  • Australia 0.86
  • Malaysia 0.36
  • China 0.15
  • South Africa 0.06
  • Cambodia 0.02

Source: CEPII BACI

Show the numbers
Partner19952024
Australia00.86
Malaysia00.36
China< 0.010.15
South Africa00.06
Cambodia00.02

Sources and methodology

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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