Imports of petroleum increased sharply
Tuesday, March 20,2018AsemconnectVietnam - 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.
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 - Source: 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
|
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