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.