globaltraffic.earth

Where does Vietnam get its steel? Import sources 2024

In 2024, Vietnam imported $12.1 billion of steel (17.9 million tonnes), 3.5% of the world total. China sold 60% of the total, followed by Japan (12%) and Indonesia (10%). Vietnam was the world’s 6th-largest importer of steel.

Summary

Value
$12.1billion
Tonnes
17.9million tonnes
Share of world total
3.5%
World rank
6th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China7.2Tonnes: 12,166,650USD per tonne: $59259.6%Sea
Japan1.4Tonnes: 2,225,996USD per tonne: $63111.6%Sea
Indonesia1.2Tonnes: 888,373USD per tonne: $1,40510.3%Sea
South Korea1.2Tonnes: 1,403,921USD per tonne: $86010%Sea
Taiwan0.6Tonnes: 740,796USD per tonne: $7885%Sea
India0.16Tonnes: 226,688USD per tonne: $7141.3%Sea
Thailand0.05Tonnes: 46,033USD per tonne: $1,1590.44%Sea
Malaysia0.04Tonnes: 45,938USD per tonne: $7670.29%Sea
United States0.03Tonnes: 4,195USD per tonne: $7,7310.27%Sea
Germany0.03Tonnes: 7,275USD per tonne: $3,9060.24%Sea
France0.02Tonnes: 679USD per tonne: $32,2250.18%Sea
Australia0.02Tonnes: 46,811USD per tonne: $4460.17%Sea
Singapore re-exports0.02Tonnes: 14,005USD per tonne: $1,0740.12%Sea
Belgium re-exports0.01Tonnes: 18,725USD per tonne: $5030.08%Sea
South Africa0.01Tonnes: 26,249USD per tonne: $3050.07%Sea
Sweden0.01Tonnes: 2,389USD per tonne: $3,2320.06%Sea
Spain< 0.01Tonnes: 3,837USD per tonne: $1,2270.04%Sea
Philippines< 0.01Tonnes: 84USD per tonne: $55,7690.04%Air
Netherlands re-exports< 0.01Tonnes: 441USD per tonne: $4,2030.02%Sea
Hong Kong re-exports< 0.01Tonnes: 330USD per tonne: $5,5460.02%Sea

Trend

Who it buys from

China has been its main source since 2012

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

  • China 7.2
  • Japan 1.4
  • Indonesia 1.2
  • South Korea 1.2
  • Taiwan 0.6

Source: CEPII BACI

Show the numbers
Partner19952024
China0.027.2
Japan0.041.4
Indonesia< 0.011.2
South Korea0.071.2
Taiwan00.6

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