Business

Steel exports edge up 5.8 percent in Q1

Vietnam’s total steel export value in the first quarter this year rose 5.8 percent year-on-year to 744 million USD, the General Department of Vietnam Customs said on March 27.
Steel exports edge up 5.8 percent in Q1 ảnh 1Vietnam’s total steel export value in the first quarter this year rose 5.8 percent year-on-year to 744 million USD.
(Photo: VNA)

Hanoi (VNA) – Vietnam’s total steel export value in the first quarter thisyear rose 5.8 percent year-on-year to 744 million USD, the General Departmentof Vietnam Customs said on March 27.

In March, Vietnam earned 280 million USD from steel shipments, up 60.3 percentfrom February and 6.8 percent from the same month last year.

The largest amount of Vietnamese steel was sold in the US with 19.64 percent ofmarket share.

The country saw strong growth in exports to China’s Hong Kong (197.61 percent),the UK (159.59 percent) and South Africa (100.7 percent).

In stark contrast, shipments to Saudi Arabia and Myanmar fell more than 60percent to 1.1 million USD and 6.6 million USD in the period.-VNA
VNA
#total steel exports#744 million USD#rose 5.8 percent#General Department of Vietnam Customs#China’s Hong Kong#the UK#South Africa#Saudi Arabia#Myanmar#Vietnam News Agency#Vietnamplus
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