Wired Rods Export of Vietnam: A Deep Dive Into the Country's Overall Trade

Wired rods are specifically hot-rolled steel products or semi-finished steel products produced by hot-rolling billets wound in the form of coils. It is a significant industrial equipment due to its role as a raw material in the automotive industry for the production of nuts and screws, as well as in the construction industry for reinforcing wires and meshes. Vietnam Import Data indicates that versatility and customizable properties are considered pivotal factors in its growing demand. Vietnam, with its thriving production capacity, has exported about 520,000 tons of wire rods in 2024.

The growth in Vietnam’s steel production capacity and the abundant availability of raw materials, along with the rising efficiency in steel processing and energy use, have been fueling the overall revenue rate. The country, representing itself as a growing exporter of wired rods mainly influenced by the supportive industrial policies, has resulted in an export trade value of wired rods worth 1.6 billion US dollars in 2024. Subscribe to Import Globals, the Vietnam importexport data provider, to stay updated with the latest information regarding the export of wired rods of the nation via the Vietnam Trade Data in 2024.

WHY ARE WIRED RODS A GLOBALLY TRADED COMMODITY?

Wired rods, basically the hot-rolled steel products wound in coils, are right now one of the most widely traded global commodities because of their essential role as an intermediate in various industries. The construction and automotive industries are considered to be the most influential factors behind the hike in the global demand for wired rods. Construction industries are driving the record because of the application of wired rods in the transformation or reinforcement of meshes while binding wires. Meanwhile, in the automotive sector, wired rods are used and processed into nuts for modern vehicle manufacturing.

The versatile nature of the specific commodity and the increasing engagement of several authorities in the trade have been benefiting the overall revenue rate. Additional factors like raw material availability, energy efficiency, and price competitiveness have been fueling the trade flow, boosting the global trade of wired rods. Countries like China, Turkey, India, and Vietnam, with their abundant steel-making resources, have been promoting industrialization while driving the export rate of wire rods in the global trade market.

THE LEADING VARIANTS OF WIRED RODS EXPORTED FROM VIETNAM

Wired rods, with their versatile nature, have been a top choice of exports for the leading trade authorities. Vietnam has recorded diversification in the export portfolio, fueled by industrial productivity. According to the Vietnam Export Data, the top 10 leading variants of wired rods exported from the nation in 2024 are,

  1. Hot-rolled non-alloy steel wire rod — The annual valuation of Hot-rolled non-alloy steel wire rod exported from Vietnam in 2024–654 million US dollars
  2. High-carbon wire rod — The annual valuation of High-carbon wire rod exported from Vietnam in 2024–478 million US dollars
  3. Low-carbon wire rod — The annual valuation of Low-carbon wire rod exported from Vietnam in 2024–387 million US dollars
  4. Cold-heading quality (CHQ) wire rod — The annual valuation of Cold-heading quality (CHQ) wire rod exported from Vietnam in 2024–276 million US dollars
  5. Stainless steel wire rod — The annual valuation of Stainless-steel wire rod exported from Vietnam in 2024–245 million US dollars
  6. Alloy steel wire rod — The annual valuation of Alloy steel wire rod exported from Vietnam in 2024–221 million US dollars
  7. Galvanized wire rod — The annual valuation of Galvanized wire rod exported from Vietnam in 2024–189 million US dollars
  8. Electro-galvanized wire rod — The annual valuation of Electro-galvanized wire rod exported from Vietnam in 2024–167 million US dollars
  9. Ribbed/deformed wire rod — The annual valuation of Ribbed / deformed wire rod exported from Vietnam in 2024–154 million US dollars
  10. Welding wire rod — The annual valuation of Welding wire rod exported from Vietnam in 2024–132 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF VIETNAM FOR WIRED RODS IN 2024

The country, to maintain a positive upward trajectory in the overall trade hike, has built up a stable bilateral relationship with the topmost authorities. As per the Vietnam Customs Data, the top 10 export trade partners of the nation for wired rods exported in 2024 are,

  • Cambodia — The total value of wired rods exported from Vietnam to Cambodia in 2024–689 million US dollars

Top 5 variants of wired rods exported

· Hot-rolled carbon steel wire rod

· Low-carbon wire rod

· Medium-carbon wire rod

· High-carbon wire rod

· Ultra-high carbon wire rod

  • Thailand — The total value of wired rods exported from Vietnam to Thailand in 2024–565 million US dollars

Top 5 variants of wired rods exported

· Cold-heading quality (CHQ) wire rod

· Drawing quality (DQ) wire rod

· Free-cutting wire rod

· Bright wire rod

· Annealed wire rod

  • Japan — The total value of wired rods exported from Vietnam to Japan in 2024–478 million US dollars

Top 5 variants of wired rods exported

· Spheroidized annealed wire rod

· Tempered wire rod

· High-strength low-alloy (HSLA) wire rod

· Alloy steel wire rod

· Nickel-alloy wire rod

  • Philippines — The total value of wired rods exported from Vietnam to the Philippines in 2024–365 million US dollars

Top 5 variants of wired rods exported

· Chromium-molybdenum wire rod

· Vanadium-alloy wire rod

· Manganese steel wire rod

· Stainless steel wire rod

· Austenitic stainless wire rod (e.g., 304)

  • China — The total value of wired rods exported from Vietnam to China in 2024–342 million US dollars

Top 5 variants of wired rods exported

· Ferritic stainless wire rod (e.g., 430)

· Martensitic stainless wire rod

· Duplex stainless wire rod

· Precipitation-hardening stainless wire rod

· Galvanized wire rod (hot-dip)

  • South Korea — The total value of wired rods exported from Vietnam to South Korea in 2024–298 million US dollars

Top 5 variants of wired rods exported

· Electro-galvanized wire rod

· Copper-coated wire rod

· Tin-plated wire rod

· Zinc-coated wire rod

· Phosphate-coated wire rod

  • Canada — The total value of wired rods exported from Vietnam to Canada in 2024–245 million US dollars

Top 5 variants of wired rods exported

· Ribbed/deformed wire rod

· Threaded wire rod

· Square-section wire rod

· Oval-section wire rod

· Knurled wire rod

  • Malaysia — The total value of wired rods exported from Vietnam to Malaysia in 2024–198 million US dollars

Top 5 variants of wired rods exported

· Welding wire rod

· Welding electrode wire rod

· Flux-cored welding wire rod

· Flux-coated welding wire rod

· Bead wire rod

  • Taiwan — The total value of wired rods exported from Vietnam to Taiwan in 2024–145 million US dollars

Top 5 variants of wired rods exported

· Saw a wire rod

· Steel cord (tire cord) wire rod

· Bead wire for tires

· Control cable wire rod

· Hard-drawn wire rod

  • Pakistan — The total value of wired rods exported from Vietnam to Pakistan in 2024–123 million US dollars

Top 5 variants of wired rods exported

· Cold-drawn wire rod

· Pre-painted wire rod

· Pickled and oiled wire rod

· Bright basic wire

- Plating-quality wire rod

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