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Ferrous scrap

Imports 2025 2.03 billion USD · 0.4% of imports · Chapters 72

7 6-digit HS codes in this sector. Each code has its own report: buyers or suppliers, unit price by market, companies on the same code.

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Scrap iron and steel pressed into bales, seen from above
Exhibit 1

Vietnam's ferrous scrap imports in 2025 were 27% below 2021

Value, billion USD; change on the year before

  1. 20212.80
  2. 20221.93−31.3%
  3. 20231.65−14.3%
  4. 20241.81+9.8%
  5. 20252.03+12.2%

Quantity in 2025: 6.25 million tonnes; average unit price 325 USD per tonne.

Source: General Statistics Office of Vietnam, monthly trade figures 2021-2025; 2025 is preliminary, updated 25/03/2026.
Exhibit 2

Japan took 55% of Vietnam's ferrous scrap imports in 2025

Five largest suppliers, billion USD, and share

  1. Japan1.1154.8%
  2. United States0.2512.3%
  3. Australia0.136.3%
  4. Hong Kong0.126.1%
  5. Singapore0.083.9%
Source: General Statistics Office of Vietnam, preliminary 2025 figures, updated 25/03/2026.

Ch. 72Iron and steel7 codes

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