Saturday, May 11,2024 - 10:4 GMT+7  Việt Nam EngLish 

Petrol imports increased sharply 

 Friday, July 20,2018

AsemconnectVietnam - Vietnam imported 7.07 million tons of petrol worth of US$4.66 billion in the first six months of this year, increased by 11.5 per cent in quantity and 40.4 per cent in value compared with the same period last year, showed the preliminary statistics figures of the General Department of Customs.

In June, the country imported 1.41 million tons of petrol valued at $958.63 million, up by 11.9 per cent in quantity and 9.8 per cent in value month – on – month.

The average petrol import price reached $681.6 per ton in June and $658.9 per ton in the first six months of this year, up by 25.9 per cent year – on – year.

In the first six months of this year, Vietnam’s imports of petrol from Singapore decreased sharply by 36.4 per cent in quantity and 17.2 per cent in value compared with the same period last year to 1.7 million tons worth of $1.08 billion.

Meanwhile, the imports of petrol from Russia rocketed by 11.5 times in quantity and 15.8 times in value to 60,361 tons worth of $ 51.24 million.

The imports of petrol from Malaysia increased sharply by 63.5 per cent in quantity and 120.7 per cent in value to 2.01 million tons worth of $1.24 billion; from South Korea – up by 24.8 per cent in quantity and 44.7 per cent in value to 1.84 million tons worth of $1.32 billion; and from China – up by 54.6 per cent in quantity and 105.1 per cent in value to 790,725 tons worth of $ 534.34 million.

Petrol imports in the first 6 months of 2018 –
source: VITIC – according to the figures of the General Department of Customs
Market
First 6 months of 2018
Comparison (%)
Market share (%)
Quantity (ton)
Value (US$)
Quantity
Value
Quantity
Value
Total
7,073,702
4,661,102,924
+11.52
+40.41
100
100
Malaysia
2,014,812
1,236,641,322
+63.47
+120.65
28.48
26.53
South Korea
1,844,843
1,321,438,728
+24.75
+44.70
26.08
28.35
Singapore
1,697,437
1,079,572,976
36.41
17.15
24.00
23.16
China
790,725
534,344,268
+54.55
+105.11
11.18
11.46
Thailand
495,918
321,725,300
+17.36
+53.70
7.01
6.90
Russia
60,361
51,244,873
+1050.39
+1481.19
0.85
1.10
The U.S
102
61,294
 
 
 
 
CK
Source: VITIC

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