List of Vietnam's largest mineral and ore import markets

According to the latest data from the General Department of Customs, from the beginning of 2024 to August 15, Vietnam spent 1.78 billion USD to import 16.1 million tons of ores and minerals. Compared to the same period last year, the import volume increased by 23.8%; the turnover also increased by 25.3% compared to the same period last year.

In terms of markets, Vietnam imported this item from 21 major markets in the first 7 months of 2024. Australia was Vietnam's largest ore and mineral import market with 6.7 million tons, up 34.9% year-on-year. Brazil was the second largest market with 4.26 million tons, up 55% year-on-year.

List of Vietnam's largest mineral and ore import markets. Illustrative photo

Notably, the import volume of ores and minerals from Türkiye increased sharply from 11,571 tons in the previous period to 166,258 tons in this period. Vietnam also imported 130,372 tons from India, up 8.7% over the same period last year.

China was the only market among the eight largest markets to see a decline in volume, down 35.3% year-on-year to 332,862 tonnes.

Among the eight largest markets importing ores and minerals from Vietnam are Cambodia, Laos and Thailand. Accordingly, the import volume from Laos reached 1.2 million tons, up 18.8% over the same period last year; Thailand with 684,709 tons, up 18.5% over the same period last year and Cambodia with 444,677 tons, up 247% over the same period last year.

In the ASEAN bloc, Vietnam also imported 40,479 tons from Malaysia, up 47.9% over the same period last year; Myanmar with 3,232 tons, down 19.2%; Singapore with 834 tons, down 65.3% over the same period last year.

In terms of turnover, ores and minerals from Australia had the largest import turnover with 782 million USD, up 39.3% over the same period last year; Brazil with 509 million USD, up 45.3% over the same period last year.

Vietnam spent 46.6 million USD to import this item from Laos, up 23.9% over the same period last year; from Thailand with 53.9 million USD, up 127% over the same period last year; from Cambodia with 37.2 million USD, up 247% over the same period last year.

Within the ASEAN bloc, Vietnam spent 9.2 million USD to import ores and minerals from Malaysia, up 29.5% year-on-year; spent 7.2 and 1.6 million USD to import from Myanmar and Singapore, down 24% year-on-year and 63% year-on-year, respectively.

Source: https://congthuong.vn/diem-danh-nhung-thi-truong-nhap-khau-quang-va-khoang-san-lon-nhat-cua-viet-nam-342817.html