According to VSA’s statistics, accumulated in 8 months, Vietnam’s steel exports reached 7 billion USD while the import of finished steel to Vietnam was equivalent to more than 7.7 billion USD. Thus, the steel industry has a trade deficit of more than 700 million USD in 8 months.

According to the Vietnam Steel Association (VSA), in September, steel sales reached 2.2 million tons, unchanged compared to the same period in 2020. However, steel exports reached 802 thousand tons, up more than 60% compared to the same period in 2020. same period in 2020.

In 9 months, steel sales reached 22 million tons, up 32.5% over the same period in 2020. Of which, steel exports reached nearly 5.7 million tons, up 78% over the same period in 2020.

According to VSA’s statistics, in August, Vietnam’s steel exports reached 1.5 million tons, up 34% compared to July and 32% over the same period in 2020 in terms of export volume.

Steel export value reached nearly 1.5 billion USD, increased 35% compared to July and increased more than 1.5 times over the same period in 2020.

Accumulated in the first 8 months of the year, Vietnam’s steel exports reached about 8.5 million tons, equivalent to 7 billion USD, up 43.5% in volume and 1.3 times in value over the same period in 2020.

Source: VSA

In the first 8 months, ASEAN is Vietnam’s largest export market with 2.7 million tons, equivalent to 2 billion USD, unchanged in volume but up 44% in value over the same period in 2020.

Besides, steel exports of all kinds to China reached 1.8 million tons, equivalent to nearly 1.1 billion USD, down 13% in volume but up 30% in value over the same period in 2020, accounting for 15% of the proportion. steel export of Vietnam.

In the opposite direction, in August, steel imports to Vietnam reached 841 thousand tons, down 10% in volume compared to July and down 28% over the same period in 2020.

Steel import turnover in August reached $933 million, down 8% compared to July and down 43% over the same period in 2020.

Accumulating 8 months, imports of finished steel to Vietnam are about 8.9 million tons with a value of more than $7.7 billion, down 5% in volume but up 42.5% in value over the same period in 2020. Thus, Vietnam had a trade deficit of about 726 million USD in 8 months.