2022
Exports
$74MWorld Rnk 17 / 91
Flag Rnk 343 / 1176
2022
PRODUCT COMPLEXITY IN Steel Ingots
0.23Rnk 480 / 1025
2022
Imports
$22.6MWorld Rnk 24 / 163
Flag Rnk 714 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $74M in Steel Ingots, making it the 17th largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 343rd most exported product in Vietnam. The main destination of Steel Ingots exports from Vietnam are: South Korea ($42.9M), China ($13.2M), Chinese Taipei ($6.56M), Brazil ($3.71M), and Japan ($3.04M).

The fastest growing export markets for Steel Ingots of Vietnam between 2021 and 2022 were South Korea ($30M), Brazil ($3.71M), and Japan ($2.92M).

Imports In 2022, Vietnam imported $22.6M in Steel Ingots, becoming the 24th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 714th most imported product in Vietnam. Vietnam imports Steel Ingots primarily from: China ($14.8M), Philippines ($2.19M), Japan ($2.18M), South Korea ($1.99M), and France ($590k).

The fastest growing import markets in Steel Ingots for Vietnam between 2021 and 2022 were China ($12.7M), South Korea ($1.05M), and France ($590k).

COMPANIES In 2023, leading companies such as HOME DEPOT, U. S. A., INC. (3) were at the forefront of shipping Steel Ingots from Vietnam to the United States.

Latest Trends

Mar 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 Steel Ingots. 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)$74M
IMPORTS (2022)$22.6M
NET TRADE (2022)$51.3M

In 2022, Vietnam exported $74M in Steel Ingots. The main destinations of Vietnam exports on Steel Ingots were South Korea ($42.9M), China ($13.2M), Chinese Taipei ($6.56M), Brazil ($3.71M), and Japan ($3.04M).

In 2022, Vietnam imported $22.6M in Steel Ingots, mainly from China ($14.8M), Philippines ($2.19M), Japan ($2.18M), South Korea ($1.99M), and France ($590k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
South Korea$30M (231%)
Brazil$3.71M (1%)
Japan$2.92M (2.42k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Vietnam WERE (2021 - 2022):
China-$64.9M (-83.1%)
Philippines-$11M (-82.4%)
Chinese Taipei-$484k (-6.87%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Steel Ingots were:
In 2022, Vietnam's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

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