The import of copper ores and concentrates to Viet Nam stood at $28.821 million in 2023. There has been significant growth over the past decade, starting from $2.0447 million in 2013 to the current level. Between 2013 and 2017, the import value saw considerable increases, with the compound annual growth rate (CAGR) peaking at 129.09% in 2017. However, from 2018 onwards, growth has stabilized somewhat, although there were minor fluctuations in both upward and downward trends. Over the last two years, imports grew by 5.74% in 2022 and 5.32% in 2023. The CAGR for the last five years stands at 6.3%.

Future trends to watch for include:

Sustainable growth is projected with a forecasted 5-year CAGR of 3.67%.
The import value is expected to rise to $36.429 million by 2028, a cumulative growth rate of 19.75% from 2023.
Factors such as global copper demand, Viet Nam’s industrial development, and international trade policies may impact future trends.