Petroleum export markets in first 4 months of 2023
Friday, May 26,2023AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam's petroleum exports in April of 2023 decreased by 21.7% in volume and 22.7% in turnover compared to the previous month, reaching 185,208 tonnes, worth of 153.8 million USD, down by 12 USD/tonne from the previous month.
Generally, in the first 4 months of 2023, the country’s total exports of petroleum reached 739,619 tonnes, worth of 642.1 million USD, up by 0.8% in volume and down by 0.5% in value.
Cambodia was still Vietnam's largest petroleum export market in the first four months of 2023, with 214,299 tonnes, worth of 190 million USD, down by 22% in volume and 26.2% in value over the same period last year, accounting for 28-29% of total export volume and turnover. In April of 2023 alone, the country’s exports of petroleum reached 54,081 tonnes, worth of 46 million USD, down by 7.1% in volume and 7.8% in value.
South Korea accounted for 9-10% of the total volume and turnover, reaching 67,654 tonnes, with a turnover of 66.1 million USD, up by 48% in volume and 59.5% in value. In April of 2023 alone, the country’s exports of petroleum reached 14,508 tonnes, worth of 13.1 million USD.
Petroleum exports to the Chinese market accounted for more than 7-8% of the total volume and turnover, reaching 52,618 tonnes, with a turnover of 51.3 million USD, up by 103% in volume and up by 115.3% in value year – on – year In April of 2023 alone, the exports of petroleum to China increased by 37.5% in volume and decreased by 40.5% in value.
Singapore market followed, accounting for 10.7% in total volume and 7% in total turnover, reaching 79,216 tonnes, with a turnover of 45.4 million USD, up by 147.1% in volume and 101.1% in value. In April of 2023 alone, the figure reached 24,858 tonnes, worth of 13.5 million USD.
The following were Laos, Malaysia, Hong Kong and Thailand, accounting for a small proportion of exports, less than 4% of the total volume and total turnover.
CK
Source: VITIC
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