Exports of crude oil fell in first 7 months
Thursday, August 16,2018
AsemconnectVietnam - Vietnam’s exports of crude oil decreased sharply by 48.1 per cent in quantity and 26.3 per cent in value year – on – year in the first seven months of this year to 2.32 million tons worth of US$1.26 billion, showed the statistics figures of the General Department of Customs.
In July only, the country’s exports of crude oil reached 415,425 tons worth of $240.29 million, up by 32.5 per cent in quantity and 34.4 per cent in value over the previous month. The figure was down by 28.5 per cent in quantity but up by 11 per cent in value month – on – month.
China was the country’s leading crude oil export market of Vietnam in the first seven months of this year with 687,460 tons worth of $388.41 million, fell sharply by 57.1 per cent in quantity and 39.2 per cent in value compared with the same period last year.
The exports of crude oil to Thailand reached 494,299 tons worth of $281.08 million, down by 15 per cent in quantity and 19.9 per cent in value compared with the same period last year.
Meanwhile, the exports to Australia reached 422,062 tons worth of $240.52 million, up by 40.8 per cent in quantity and 100.8 per cent in value; and the exports to Japan fell sharply by 60.5 per cent in quantity and 44.4 per cent in value to 217,306 tons worth of $124.58 million.
In the first seven months of this year, the country’s exports of seafood to the U.S increased by 21.7 per cent in quantity and 61.7 per cent in value to 132,671 tons worth of $68.42 million.
However, the exports of seafood to Malaysia decreased by 80 per cent in quantity and 72.4 per cent in value to 79,185 tons worth of $42.27 million; and to Singapore – down by 73.3 per cent in quantity and 62.3 per cent in value to 136,344 tons worth of $75.19 million.
Vietnam’s exports of crude oil in the first 7 months of 2018 - Unit: US$ - source: VITIC – according to the figures of the General Department of Customs
|
Market
|
First 7 months of 2018
|
First 7 months of 2018 vs. same period of 2017 (%)
|
||
|
Quantity (ton)
|
Value (US$)
|
Quantity
|
Value
|
|
|
Total
|
2,232,446
|
1,257,456,284
|
-48.06
|
-26.32
|
|
China
|
687,460
|
388,410,641
|
-57.14
|
-39.19
|
|
Thailand
|
494,299
|
281,081,713
|
-15
|
19.93
|
|
Australia
|
422,062
|
240,519,297
|
40.83
|
100.81
|
|
Japan
|
217,306
|
124,575,171
|
-60.54
|
-44.4
|
|
Singapore
|
136,344
|
75,192,132
|
-73.34
|
-62.33
|
|
The U.S
|
132,671
|
68,423,923
|
21.65
|
61.69
|
|
Malaysia
|
79,185
|
42,273,172
|
-80.12
|
-72.42
|
|
South Korea
|
40,461
|
23,827,014
|
-48.23
|
-25.92
|
CK
Source: VITIC
Exports of several farm products in February and first 2 months of 2023
2 groups of "billion-dollar" of agricultural sector decreased deeply
Steel market update: Vietnam’s steel exports doubled on Feb 1-15
Reference exchange rate down 1 VND at week’s beginning
DAILY: Vietnamese pepper prices remained unchanged on March 20
DAILY: Vietnamese coffee prices remained unchanged on March 20
Animal feed industry asks for import tax reduction on raw materials
Retail stocks drop amid economic downturn and high interest rates
Vietnam’s February automobile sales race back
Seafood exports in February and first 2 months of 2023
Raw cashew nut imports from Cambodia skyrocketed
Vietnam’s trade with top 11 Asian markets is set to grow significantly
Trade recovers strongly since reopening
Reference exchange rate down 2 VND on March 17
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...
