AsemconnectVietnam - In the first quarter of 2026, Vietnam's total petroleum imports reached nearly 3.37 million tonnes, equivalent to nearly US$2.93 billion.

According to the preliminary statistics figures from the Customs Department, in March of 2026, the country imported 1.19 million tonnes of petroleum, equivalent to US$1.46 billion, with an average price of US$1,221.2/tonne, an increase of 12.65% in volume, 101.92% in value, and 79.25% in price compared to February of 2026. In comparison to March of 2025, there was also an increase of 47.14% in volume, 161.1% in value, and 77.45% in price.
Overall, in the first quarter of 2026, the country's total imports of all types of petroleum products reached nearly 3.37 million tonnes, equivalent to nearly 2.93 billion USD, an increase of 44.46% in volume and 76.74% in value compared to the first quarter of 2025. The average price reached 869.44 USD/tonne, an increase of 22.34%.
The largest petroleum import markets was Singapore. In the first quarter of 2026, the imports from this market accounted for over 35.3% of the total volume and 33.73% of the total value of petroleum imports nationwide, reaching 1.19 million tonnes, equivalent to 987.74 million USD, with an average price of 830.68 USD/tonne. This represents a 27.95% increase in volume, a sharp 45.03% increase in value, and a 13.35% increase in price compared to the first quarter of 2025. In March of 2026 alone, the imports of petroleum products from Singapore increased by 7.64% in volume, 85.36% in value, and 72.21% in price compared to February of 2026, reaching 414,883 tonnes, equivalent to US$481.97 million, at a price of US$1,161.7/tonne. In comparison to March of 2025, there was also an increase of 42.73% in volume, 135.59% in value, and 65.06% in price.
Following that was the South Korean market. In the first quarter of 2026, the imports from this market accounted for 26.96% of the total volume and 30.22% of the total value, reaching 908,060 tonnes, equivalent to 884.98 million USD, with an average price of 974.58 USD/tonne, an increase of 36.4% in volume, 95.38% in value, and 43.24% in price compared to the first quarter of 2025.
The Malaysian market ranked third with 657,254 tonnes, equivalent to US$523.7 million, at a price of US$796.79/tonne, accounting for 19.51% of the total volume and 17.88% of the total value of petroleum imports nationwide, a sharp increase of 156.32% in volume, 216.38% in value, and 23.43% in price compared to the first quarter of 2025.
CK
Source: VITIC