Xinhua, Hanoi :
Vietnam imported over 1.8 million tons of iron and steel worth more than 1.3 billion U.S. dollars from China in the first four months of this year, accounting for 42.6 percent of its total iron and steel import volume and 43.7 percent of total value, the General Department of Vietnam Customs said on Thursday.
The average import price of Chinese iron and steel between January and April was 725.2 U.S. dollars per ton, up 31 percent against the same period last year. However, the iron and steel imported from China declined 33.9 percent in volume and 13.5 percent in value.
In the first four months of this year, Japan was Vietnam’s second biggest iron and steel import market with 708,503 tons totaling nearly 486.4 million U.S. dollars, and South Korea was the third biggest market with 594,605 tons totaling roughly 473.7 million U.S. dollars.
Vietnam spent over 9 billion U.S. dollars importing roughly 15 million tons of steel and iron last year, with China being the biggest import market with nearly 7 million tons of the products totaling 4.1 billion U.S. dollars, followed by Japan and South Korea, said the department.
Vietnam imported over 1.8 million tons of iron and steel worth more than 1.3 billion U.S. dollars from China in the first four months of this year, accounting for 42.6 percent of its total iron and steel import volume and 43.7 percent of total value, the General Department of Vietnam Customs said on Thursday.
The average import price of Chinese iron and steel between January and April was 725.2 U.S. dollars per ton, up 31 percent against the same period last year. However, the iron and steel imported from China declined 33.9 percent in volume and 13.5 percent in value.
In the first four months of this year, Japan was Vietnam’s second biggest iron and steel import market with 708,503 tons totaling nearly 486.4 million U.S. dollars, and South Korea was the third biggest market with 594,605 tons totaling roughly 473.7 million U.S. dollars.
Vietnam spent over 9 billion U.S. dollars importing roughly 15 million tons of steel and iron last year, with China being the biggest import market with nearly 7 million tons of the products totaling 4.1 billion U.S. dollars, followed by Japan and South Korea, said the department.
