Imports of petroleum increased 27.3% in eight months
Friday, September 21,2018AsemconnectVietnam - Vietnam imported 8.63 million tons of petroleum worth of nearly US$8.63 billion in the first 8 months of this year, increased by 0.01 per cent in quantity and 27.3 per cent in value over the same period last year, showed the statistics figures of the General Department of Customs.
South East Asia was the country’s biggest petroleum import market in the first eight months of this year with 5.12 million tons worth of over $3.28 billion, decreased by 12 per cent in quantity and 16.2 per cent in value compared with the same period last year, and accounted for 60 per cent of the total.
The country’s exports of petroleum from Malaysia in the first eight months of this year reached 2.43 million tons worth of $1.5 billion, increased by 39.7 per cent in quantity and 89.8 per cent in value compared with the same period last year, and accounted for 46 per cent of the total.
Meanwhile, the imports from Singapore reached 1.99 million tons worth of $1.27 billion, down by 40.2 per cent in quantity and 21.7 per cent in value year – on – year; from Thailand – 0.76 million tons worth of $504.45 million, down by 7 per cent in quantity but up by 23.9 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 eight months of this year, Vietnam’s imports of petroleum from South Korea increased by 12.6 per cent in quantity and 34.9 per cent in value to 2.17 million tons worth of $1.58 billion. The imports of petroleum from China also increased sharply by 47.2 per cent in quantity and 98 per cent in value to 1 million tons worth of $683.28 million.
Vietnam’s petroleum imports in the first 8 months of 2018 – source: VITIC – according to the figures of the General Department of Customs
Market
|
First 8 months of 2018
|
First 8 months of 2018 vs. same period of 2017 (%)
|
||
Quantity (ton)
|
Value (US$)
|
Quantity
|
Value
|
|
Total
|
8,627,391
|
5,741,038,102
|
0.01
|
27.32
|
South East Asia
|
5,182,386
|
3,280,613,383
|
-12.03
|
16.17
|
South Korea
|
2,165,275
|
1,576,605,820
|
12.55
|
34.86
|
Malaysia
|
2,426,773
|
1,504,765,414
|
39.67
|
89.84
|
Singapore
|
1,994,406
|
1,271,399,181
|
-40.21
|
-21.73
|
China
|
1,001,871
|
683,275,149
|
47.2
|
98.1
|
Thailand
|
761,207
|
504,448,788
|
-6.96
|
23.94
|
Russia
|
60,361
|
51,244,873
|
144.25
|
262.86
|
Hong Kong(CN)
|
102
|
61,294
|
|
|
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