Saturday, April 20,2024 - 4:6 GMT+7  Việt Nam EngLish 

Imports of petroleum fell in quantity but increased in value 

 Monday, October 22,2018

AsemconnectVietnam - Vietnam’s imports of petroleum totaled 9.33 million tons worth of US$6.26 billion in the first nine months of this year, slightly decreased by 1.8 per cent in quantity but increased sharply by 24.9 per cent in value over the same period last year, showed the statistics figures of the General Department of Customs.

The average petroleum import price in the first nine months of this year was $671 per ton, up by 27.3 per cent over the same period last year.

Malaysia was leading the list of petroleum import markets of Vietnam in the period with over 2.67 million tons worth of over $1.67 billion, up by 38.6 per cent in quantity and 88.7 per cent over the same period last year.

South Korea ranked second with 2.33 million tons worth of $1.71 billion, up by 9 per cent in quantity and 30.5 per cent in value year – on – year.

Meanwhile, the imports of petroleum from Singapore fell by 40.4 per cent in quantity and 21.8 per cent in
value compared with the same period last year to 2.08 million tons worth of $1.33 billion.

The imports of petroleum from China increased by 44.9 per cent in quantity and 94.8 per cent in value to 1.1 million tons worth of $751.99 million.

Besides, the country’s imports of petroleum from Thailand reached 951,864 tons of petroleum worth of $641.96 million in the period, down by 13.5 per cent in quantity but up by 15.5 per cent in value; from Russia – 60,361 tons worth of $51.24 million, up by 106.3 per cent in quantity and 200.5 per cent in value; and from Hong Kong (CN) reached 102 tons worth of $61,294.

Vietnam’s imports of petroleum in the first 9 months of 2018 -
source: VITIC – according to the figures of the General Department of Customs
Market
First 9 months of 2018
First 9 months of 2018 vs. same period of 2017
Quantity (ton)
Value (US$)
Quantity
Value
Total
9,327,381
6,258,874,702
-1.84
24.92
Malaysia
2,665,803
1,673,670,441
38.6
88.65
South Korea
2,330,433
1,711,095,441
8.96
30.54
Singapore
2,077,308
1,333,180,769
-40.43
-21.8
China
1,095,202
751,985,978
44.86
94.8
Thailand
951,864
641,963,148
-13.52
15.5
Russia
60,361
51,244,873
106.26
200.48
Hong Kong (CN)
102
61,294
 
 
CK
Source: VITIC

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