Vietnam spent around 4 billion U.S. dollars importing more than 3.8 million tons of steel and iron in the first four months of this year, up 8.5 percent in value and down 24.1 percent in volume against the same period last year, data from the Vietnam Steel Association showed.
In April alone, the country imported 800,000 tons of the products worth 906 million dollars, down 40.6 percent in volume and 16.8 percent in value year on year, according to the association.
In 2021, Vietnam spent 11.5 billion dollars importing more than 12.3 million tons of steel and iron, down 7.1 percent in volume but up 42.6 percent in value against 2020, according to its General Statistics Office.
Meanwhile, the country reaped over 11.7 billion dollars from exporting around 13 million tons of the products last year, seeing an increase of 131.9 percent in volume and a hike of 223.4 percent in value from 2020, said the office.
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