Petroleum export markets in first 5 months of 2025
Saturday, June 28,2025
AsemconnectVietnam - According to the preliminary statistics figures from the General Department of Customs, Vietnam's petroleum exports in May of 2025 decreased by 37.2% in volume and 34.3% in value compared to the previous month, reaching 90,223 tonnes, worth of 60.2 million USD.
In the first 5 months of 2025, the country’s total petroleum exports reached 601,789 tonnes, worth of 413.3 million USD, down 41.8% in volume and 52.1% in value.
South Korea remains Vietnam's largest petroleum export market, reaching 134,539 tonnes, worth of 108.7 million USD in the first 5 months of 2025, up by 27.3% in volume and 13.2% in value compared to the same period last year, accounting for more than 22-26% of total volume and total export turnover. In May of 2025 alone, it reached 31,332 tonnes, worth of 23.7 million USD, up by 78.6% in volume and 67.3% in value.
Petroleum exports to the Chinese market accounted for more than 20-23% of the total volume and turnover, reaching 123,863 tonnes, with a turnover of 95.3 million USD, up by 30.09% in volume and 7.3% in value in the first 5 months of 2025. In May of 2025 alone, the country’s exports of petroleum increased by 7.6% in volume and 5.2% in value.
The next was the Singapore market, accounting for 20-25% of the total volume and turnover, reaching 156,349 tonnes, with a turnover of 83.6 million USD, up by 177.9% in volume and 161.6% in value. In May of 2025 alone, it reached 19,928 tonnes, worth of 8.9 million USD; and then was the Cambodian market, accounting for 18% of the total volume and total turnover, reaching 109,621 tonnes, worth of 78.1 million USD, down by 44.5% in volume and down by 52.2% in value. In May of 2025 alone, it reached 5,785 tonnes, worth of 3.8 million USD.
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Source: VITIC
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