AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam’s petroleum imports in May of 2023 increased by 36.4% in volume and 20.8% in turnover compared to the previous month, reaching 910,442 tonnes, valued at 645.3 million USD.

Generally in the first 5 months of 2023, the country’s total imports of petroleum reached 4,170,208 tonnes, worth of 3.4 billion USD, down by 32 USD/tonne, down by 0.4% in volume and 18.7% in turnover compared with the same period of 2022.
Vietnam imported the most petroleum from South Korea in the first 5 months of 2023, accounting for 39-40% of the total import volume and turnover, reaching 1,675,004 tonnes, worth of 1.35 billion USD, down by 3.7 % in volume and 24.6% in turnover over the same period of 2022. In May of 2023, the country’s petroleum imports increased by 93.5% in volume and 73.4% in turnover compared to April of 2023, reaching 416,020 tonnes, worth of 289.8 million USD.
Singapore followed, accounting for more than 25% of the total import volume and turnover in the first 5 months of 2023, reaching 1,056,588 tonnes, worth of 881.3 million USD, up by 86.4% in volume and 51.8% in turnover. In May of 2023 alone, the country’s imports of petroleum from Singapore reached 230,929 tonnes, worth of 176.5 million USD, up by 12% in volume and 7.6% in value.
The next was the Malaysian market. In the first 5 months of 2023, the country’s imports of petroleum from Malaysia accounted for more than 15% of the total import volume and turnover, down by 5% in volume and 15.7% in turnover, reaching 665,199 tonnes, worth of 515, 7 million USD. In May of 2023 alone, the country’s imports of petroleum from this market increased by 61.6% in volume and 25% in turnover.
The next was the Chinese market. In the first 5 months of 2023, the country’s imports of petroleum from China accounted for more than 9% of the total import volume and turnover.
CK
Source: VITIC