Crude oil exports increased in first quarter
Friday, April 19,2019AsemconnectVietnam - According to the preliminary statistics figures from the General Department of Customs, Vietnam’s crude oil exports in February 2019 were down by 52.3 per cent in volume and 50.4 per cent in turnover compared to January of 2019.
However, in March of 2019, it increased dramatically by 78.6 per cent in volume and by 89.5 per cent in turnover compared to February of 2019, reaching 414,712 tons, equivalent to 212.43 million USD.
The average crude oil export price in March of 2019 was at 512.2 USD per ton, up by 6.2 per cent compared to February of 2019 but down by 1.2 per cent compared to the same month of 2018. In the first quarter of 2019, the average crude oil export price reached 494.7 USD per ton, down by 5.8 per cent over the same period last year.
The export of crude oil to Thailand market - the second largest market accounted for 28 per cent of the total volume and total turnover, reaching 317,428 tons, equivalent to 160.66 million USD, up by 71.5 per cent in volume and 62.2 per cent in turnover; and the export price fell by 5.4 per cent to 506 USD per ton.
The exports of crude oil to the Japanese market in the first quarter of 2019 declined both in price, quantity and turnover by 7.3 per cent, 7.1 per cent and 13.9 per cent, respectively over the same period last year, reaching 90,425 tons, equivalent to 43.03 million USD, and the price of 475.9 USD per ton, accounting for nearly 8 per cent of the total volume and total crude oil export turnover of the whole country.
The exports of crude oil to Singapore increased by 5.4 per cent in price, reached 524.4 USD per ton, but still fell sharply by 42.8 per cent in volume, reached 38,367 tons and decreased 39.8% in turnover, reaching 20.12 million USD.
Vietnam’s exports of crude oil in the first quarter of 2019 – Source: The General Department of Customs
Market
|
March of 2019
|
First quarter of 2019
|
+/- Vs. same period of 2019 (%)
|
|||
Volume (ton)
|
Value (USD)
|
Volume
(ton)
|
Value (USD)
|
Volume
|
Value
|
|
Total
|
414,712
|
212,429,254
|
1,139,979
|
563,902,247
|
14.98
|
8.29
|
China
|
236,837
|
119,958,332
|
523,241
|
257,319,681
|
118.83
|
102.19
|
Thailand
|
75,897
|
41,388,153
|
317,428
|
160,660,355
|
71.49
|
62.17
|
Malaysia
|
32,894
|
16,482,123
|
125,080
|
60,686,827
|
178.24
|
151.71
|
Japan
|
45,692
|
22,656,342
|
90,425
|
43,033,737
|
-7.13
|
-13.93
|
Singapore
|
|
|
38,367
|
20,119,033
|
-42.81
|
-39.75
|
Vietnamese textile industry update: US$3.06 billion in export revenue
Vietnam remains leading destination for foreign investment inflows: experts
Vietnamese cashew industry update: US$1 billion importing cashew nuts over four months
Trade balance surplus reached USD7.56 billion for the Jan-April period
Vietnam fruit market update: Lychee harvest in Central Highlands a success
DAILY: Vietnamese pepper prices fell by 500 VND on May 26
DAILY: Vietnamese coffee prices fell by 500 VND on May 26
MPI builds new investment incentives to match global minimum tax rule
ASEAN remains important export market of Vietnam
Wood companies seek orders through fairs amid declining export
Imports of animal feed reached nearly 1.54 billion USD in first 4 months of 2023
Petroleum export markets in first 4 months of 2023
Vietnam business news on May 25/2023
Vietnam Rice update: Broken rice ranks second among top 100 most tasty rice dishes in Asia by TasteAtlas
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...