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Imports of petroleum increased sharply  

 Tuesday, March 20,2018

AsemconnectVietnam - In the first two months of 2018, Vietnam’s imports of petroleum totaled 2.21 million tons worth of US$ 1.4 billion, increased sharply by 35.1 per cent in quantity and 54.6 per cent in value over the same period last year, showed the statistics figures of the General Department of Customs.

The country’s imports of petroleum from the South East Asian countries reached 1.34 million tons worth of $ 805.71 million in the first two months, increased by 26.3 per cent in quantity and 56.4 per cent in value compared with the same period last year.

Of the figure, the imports of petroleum from Malaysia reached 702,872 tons worth of $ 415.33 million, increased sharply by 131 per cent in quantity and 201.7 per cent in value compared with the same period of 2017; from Singapore – 389,159 tons worth of $ 235.45 million, down by 36.4 per cent in quantity and 22.7 per cent in value; from Thailand – 247,093 tons worth of $ 154.93 million, up by 71.7 per cent in quantity and 112 per cent in value.

Besides, the imports from South Korea totaled 622,632 million tons worth of $ 420.73 million, up by 45.4 per cent in quantity and 60 per cent in value; from China – 212,498 tons worth of $ 139.37 million, up by 73.2 per cent in quantity and 110.6 per cent in value. 

The average petroleum export price in the first two months of this year reached $ 633.3 per ton, up by 14.4 per cent year – on – year.

Vietnam’s imports of petroleum in the first 2 months of 2018 - S
ource: VITIC – according to the figures of the General Department of Customs
 
Market
February of 2018
First 2 months of 2018
First 2 months of 2018 vs. same period of 2017 (+/- %)
Quantity (ton)
Value (US$)
Quantity
(ton)
Value (US$)
Quantity
Value
Total
1,049,198
661,865,042
2,207,349
1,397,931,466
35.13
54.58
South East Asia
586,638
345,883,952
1,339,124
805,706,593
26.28
56.36
Malaysia
272,605
155,960,300
702,872
415,325,664
131.03
201.71
South Korea
336,071
223,417,008
622,632
420,729,644
45.37
59.95
Singapore
209,967
124,886,184
389,159
235,453,742
-36.44
-22.72
Thailand
104,066
65,037,468
247,093
154,927,187
71.69
112.3
CK
Source: VITIC

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