Iron and steel exports drop in September in both volume and value
VOV.VN - Vietnam exported 864,424 tonnes of steel and iron worth a total of US$611 million in September, marking sharp decreases of 12.5% in volume and 13.5% in value compared to August.
However, the figures still marked a sharp rise of 63.6% and 43.6% in volume and value, respectively, compared to last year’s corresponding period, reported the General Department of Customs.
Indeed, Vietnamese iron and steel products endured a sharp decrease when they are exported to markets such as the EU, the United States, Cambodia, Indonesia, and Malaysia.
By contrast, exports to India, Turkey and some other markets increased significantly in both volume and value.
Furthermore, Vietnam’s iron and steel exports to Singapore witnessed a huge leap in September with 63,535 tonnes worth over US$34.2 million, up 19.329% in volume and 5.542% in value.
