globaltraffic.earth

Who buys Vietnam’s steel? Export destinations 2024

In 2024, Vietnam exported $7.7 billion of steel (9.8 million tonnes), 2.2% of the world total. Its main destinations were the United States (14%), Italy (10%) and India (9%). Vietnam was the world’s 14th-largest exporter of steel.

Summary

Value
$7.7billion
Tonnes
9.8million tonnes
Share of world total
2.2%
World rank
14th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States1.1Tonnes: 1,063,721USD per tonne: $99413.7%Sea
Italy0.74Tonnes: 1,136,604USD per tonne: $6519.6%Sea
India0.73Tonnes: 813,674USD per tonne: $8979.5%Sea
Malaysia0.63Tonnes: 906,243USD per tonne: $6948.2%Sea
Mexico0.5Tonnes: 618,273USD per tonne: $8156.5%Sea
Spain0.48Tonnes: 621,146USD per tonne: $7706.2%Sea
Indonesia0.42Tonnes: 634,541USD per tonne: $6665.5%Sea
South Korea0.4Tonnes: 326,589USD per tonne: $1,2205.2%Sea
Taiwan0.36Tonnes: 243,763USD per tonne: $1,4624.6%Sea
Cambodia0.23Tonnes: 350,539USD per tonne: $6653%Sea
United Kingdom0.22Tonnes: 269,290USD per tonne: $8182.9%Sea
Belgium re-exports0.19Tonnes: 249,272USD per tonne: $7562.4%Sea
Turkey0.17Tonnes: 314,661USD per tonne: $5492.2%Sea
Singapore re-exports0.16Tonnes: 278,863USD per tonne: $5592%Sea
Thailand0.15Tonnes: 160,542USD per tonne: $9141.9%Sea
Portugal0.14Tonnes: 174,470USD per tonne: $7791.8%Sea
Brazil0.12Tonnes: 183,878USD per tonne: $6361.5%Sea
Netherlands re-exports0.11Tonnes: 182,094USD per tonne: $6151.5%Sea
Colombia0.11Tonnes: 193,821USD per tonne: $5761.5%Sea
Philippines0.1Tonnes: 177,174USD per tonne: $5531.3%Sea

Trend

Who it sells to

The United States has been its main destination since 2024

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

  • United States 1.1
  • Italy 0.74
  • India 0.73
  • Malaysia 0.63
  • Mexico 0.5

Source: CEPII BACI

Show the numbers
Partner19952024
United States01.1
Italy00.74
India00.73
Malaysia< 0.010.63
Mexico00.5

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.

See all products