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Vietnamese Steel Speeds into the Southeast Asian Market


According to the report from Nhan Dan Vietnam, Southeast Asia is the biggest sales market of steel products, accounting for 57.6% of Vietnam’s total steel export.

Vietnamese steel export was jumping during the first 8 months of this year, with a YOY increase of 41%. The total export reached 4,050,000 T, $2.99 billion dollars.

Among which, the export to Cambodia accounted for 34.9% of the total, followed by Malaysia, Indonesia, the Philippines and Thailand. Apart from Southeast Asia, America is the second largest export market of Vietnamese Steel.

On the same time, the exports from Vietnam to the market of Switzerland, Saudi Arabia, Pakistan

Australia and Spain have fallen, ranging from 30% to 95%.