Forecast: Metal Ores Exports to China by Vietnam

Vietnam's metal ore exports to China have seen a clear downward trend from 2013 to 2023, with 2023 valued at $47.858 million. Year-on-year variations provide insights into the magnitude of these shifts, such as a 7.8% decrease in 2023. Over the last two years, the exports dropped by 7.37% in 2022 and 7.8% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years outlines an average annual shrinkage of 5.94%. Visually, the decline is significant, and the forecast through 2028 anticipates a CAGR of -9.26% and a total reduction of 38.49% over five years.

Future trends to watch for include:

• Geopolitical dynamics impacting trade relations between Vietnam and China.
• Potential shifts in global metal ore demand driven by alternative materials or new technologies.
• Domestic policies in Vietnam affecting mining and export operations.