Illegal Iron Ore Smuggling from Vietnam to China

In the two years of 2011 to 2012, over 3.2 million tonnes of iron ore was illegally smuggled into China from Vietnam, according to the Vietnam Steel Association.

The difference in the reported export amount from Vietnam and the reported import amount from China was 1.55 million tonnes in 2011. The difference caused losses of $164 in Vietnam based upon the price of exports. The smuggled iron ore would have generated $84.7 Million in taxes and fees for the Vietnamese Government.

In 2012, the difference between exports and imports from the Vietnamese side was 1.7 million tonnes. The difference would have generated $84 Million in taxes and fees for the Vietnamese Government.

Source:  “Shocking illegal mineral exports to China,” Vietnam Net, June 8, 2013.