Exports of crude oil increased in volume in 7 months
Thursday, September 12,2019AsemconnectVietnam - According to the preliminary statistics of the General Department of Customs, in the first 7 months of 2019, the whole country exported 2.36 million tons of crude oil worth of 1.24 billion USD, with the average export price of 525.3 USD per ton, up by 5.6 per cent in volume, but down by 1.5 per cent in turnover and 6.8 per cent in price over the same period of 2018.
The country’s exports of crude oil to the Southeast Asia market - Vietnam's leading crude oil consumption market increased by 22.9 per cent in volume and 14.6 per cent in turnover over the same period of 2018, reaching 872.377 million tons, equivalent to 456.66 million USD, accounting for 37 per cent of the total volume and total crude oil export turnover of the whole country. However, the export price to this market decreased by 6.8 per cent to 523.5 USD per ton.
After Southeast Asia, the exports to Chinese market reached 838,016 tons, equivalent to 433.13 million USD, the price was at 516.9 USD per ton, accounting for 35 per cent of the total volume and total crude oil export turnover of the country, up by 21.9 per cent in volume, 11.5 per cent in turnover but down by 8.5 per cent in price over the same period last year.
The exports of crude oil to Japan also achieved a good growth rate of 69.3 per cent in volume and 59.7 per cent in turnover, reaching 367,967 tons, equivalent to 198.92 million USD, accounting for 16 per cent of the total quantity and total value; however, the export price fell by 5.7 per cent, reaching 540.6 USD per ton.
Market
|
First 7 months of 2019
|
+/- vs. same period of 2018 (%)
|
||
Volume (ton)
|
Value (USD)
|
Volume
|
Value
|
|
Total
|
2,357,773
|
1,238,366,343
|
5.61
|
-1.52
|
South East Asia
|
872,377
|
456,660,804
|
22.9
|
14.58
|
China
|
838,016
|
433,126,358
|
21.9
|
11.51
|
Thailand
|
430,425
|
221,981,448
|
-12.92
|
-21.03
|
Japan
|
367,967
|
198,915,301
|
69.33
|
59.67
|
Malaysia
|
240,558
|
125,253,964
|
203.79
|
196.3
|
Singapore
|
201,394
|
109,425,392
|
47.71
|
45.53
|
Australia
|
105,404
|
59,370,676
|
-75.03
|
-75.32
|
South Korea
|
80,720
|
44,645,842
|
99.5
|
87.37
|
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