Vietnam’s petroleum imports increased slightly
Monday, August 20,2018AsemconnectVietnam - Vietnam imported 7.8 million tons of petroleum worth of US$5.16 billion in the first 7 months of this year, increased by 3.4 per cent in quantity and 31.9 per cent in value over the same period last year, showed the statistics figures of the General Department of Customs.
The average petroleum import price was at $680.2 per ton in July and $661.5 per ton in the first seven months of this year.
Malaysia was the country’s biggest petroleum import markets in the first seven months of this year with 2.23 million tons worth of $1.38 billion, increased by 49.3 per cent in quantity and 102.3 per cent in value compared with the same period last year, and accounted for 28.6 per cent of the total.
South Korea followed with 1.97 million tons worth of $1.42 billion, up by 14.5 per cent in quantity and 37.5 per cent in value year – on – year; Singapore – 1.81 million tons worth of $1.15 billion, down by 40.8 per cent in quantity and 22.7 per cent in value; China – 895,197 tons, up by 48.5 per cent; Thailand – 619,739 tons, up by 9.2 per cent; Russia – 60,361 tons, up by 144.3 per cent; and Hong Kong (CN) – 102 tons.
In the first seven months of this year, Vietnam’s imports of petroleum from Russia increased sharply by 144.3 per cent in quantity and 262.8 per cent in value to 60,361 tons worth of $51.24 million. Meanwhile, the imports of petroleum from Malaysia, China, Thailand, and South Korea also increased by 102.3 per cent; 99.2 per cent; 45.7 per cent; and 37.5 per cent over the same period last year.
Vietnam’s petroleum imports in the first 7 months of 2018 – source: VITIC – according to the figures of the General Department of Customs
Market
|
First 7 months of 2018
|
First 7 months of 2018 vs. same period of 2017 (%)
|
||
Quantity (ton)
|
Value (US$)
|
Quantity
|
Value
|
|
7,802,844
|
5,161,595,550
|
3.36
|
31.93
|
|
Malaysia
|
2,228,635
|
1,379,636,681
|
49.25
|
102.26
|
South Korea
|
1,970,870
|
1,418,015,487
|
14.47
|
37.54
|
Singapore
|
1,810,598
|
1,148,831,524
|
-40.84
|
-22.7
|
China
|
895,197
|
608,062,171
|
48.52
|
99.21
|
Thailand
|
619,739
|
406,546,034
|
9.2
|
45.66
|
Russia
|
60,361
|
51,244,873
|
144.25
|
262.76
|
Hong Kong (CN)
|
102
|
61,294
|
|
|
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