Monday, May 27,2019 - 8:43 GMT+7  Việt Nam EngLish 

Exports of petroleum increased sharply in first two months 

 Wednesday, March 13,2019

AsemconnectVietnam - According to the statistics figures of the General Department of Customs, Vietnam's petroleum exports in the first 2 months of 2019 increased strongly by 75.3 per cent in volume, 79.7 per cent in turnover and 2.5 per cent in price over the same period last year with 563,137 tons, equivalent to 342.83 million USD, priced at 608.8 USD per ton.

In February 2019 alone, the country’s exports of petroleum reached 208,661 tons, equivalent to 126.21 million USD, decreased by 11.4 per cent in volume and 3 per cent in turnover compared to the previous month.

Vietnam’s exports of petroleum to Cambodia reached 142,884 tons, equivalent to 79.73 million USD, accounting for 25.4 per cent of the total volume and accounted for 23.3 per cent of the total petroleum export turnover of the whole country, up by 45.2 per cent in volume and 31.2 per cent in turnover compared to the first 2 months of 2018. However, the export price dropped by 9.6 per cent to 558 USD per ton.
China ranked second with 127,427 tons, equivalent to 78.74 million USD, accounting for 22.6 per cent of the total volume and 23 per cent of the total turnover, up by 27.9 per cent volume and 25.8 per cent increase in turnover; the export prices fell slightly by 1.6 per cent to 617.9 USD per ton.

The exports to saw a very strong increase of 202.6 per cent in volume and 126.7 per cent in turnover over the same period last year, although the volume reached only 39,158 tons, equivalent to 21.46 million USD, however, the prices plummeted by 25 per cent reaching 548 USD per ton.

Exports to Singapore increased sharply by 206.34 per cent in volumeand 264.6 per cent in turnover; and 19 per cent in price, reaching 18,367 tons, equivalent to 8.33 million USD with the price of 453.8 USD per ton.
In contrast, exports to Thailand market fell sharply by over 99% in both volume and turnover, but prices increased by 18.6%, reaching 99 tons, equivalent to USD 0.06 million, priced at 614.7 USD per ton.

Vietnam’s exports of petroleum in the first 2 months of 2019-source: the General Department of Customs
Market
First 2 months of 2019
+/- First 2 months of 2019 vs. same period of 2018 (%)
Volume (ton)
Value
(USD)
Volume
Value
Total
563,137
342,827,492
75.3
79.66
Cambodia
142,884
79,734,245
45.18
31.2
China
127,427
78,740,125
27.88
25.79
South Korea
39,158
21,457,656
202.61
126.72
Laos
22,047
12,866,741
2.57
-7.19
Malaysia
18,780
7,583,038
2.68
8.54
Singapore
18,367
8,334,813
206.32
264.6
Russia
9,300
6,727,265
40.91
39.51
Thailand
99
60,857
-99.61
-99.54
CK
Source: VITIC

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