AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam's petroleum exports in May of 2023 increased by 4.5% in volume and 0.3% in turnover compared to the previous month, reaching 193,672 tonnes, worth of 154.2 million USD.

Generally, in the first 5 months of 2023, the country’s total exports of petroleum reached 933,033 tonnes, worth of 794.5 million USD, up by 10.7% in volume and down by 5.8% in value.
Cambodia was still Vietnam's largest petroleum export market, in the first 5 months of 2023, reaching 263,240 tonnes, worth of 226.8 million USD, up by 1.08% in volume and down by 31.5% in value over the same period last year, accounting for more than 28% of total export volume and turnover. In May of 2023 alone, the figure reached 49,093 tonnes, worth of 37.9 million USD, down by 9.2% in volume and 17.6% in value.
The South Korean market accounted for 8-9% of the total volume and total turnover, reaching 78,773 tonnes, with a turnover of 75.9 million USD, up by 46.4% in volume and 50.2% in value. In May of 2023 alone, the figure reached 11,119 tonnes, worth of 9.8 million USD.
The petroleum exports to the Chinese market accounted for more than 7-8% of the total volume and turnover, reaching 69,762 tonnes, with a turnover of 66.8 million USD, up by 116.6% in volume and up by 113.5% in value in the first 5 months of 2023. In May of 2023, the country’s exports of petroleum to China increased by 37.4% in volume and 31.4% in value.
The Singapore market followed, accounting for 11.2% of total volume and 7.3% of total turnover, reaching 104,958 tonnes, with a turnover of 58.3 million USD, up by 56.9% in volume and 14.6% in value. In May of 2023 alone, the figure reached 25,615 tonnes, worth of 13.5 million USD.
The other markets included 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