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In 2023, Vietnam's petroleum imports from Korea accounted for more than 38% 

 Sunday, January 28,2024

AsemconnectVietnam - In 2023, amount of imported petroleum reached 10,053,997 tonnes, worth 8.36 billion USD, an increase of 13.2% in volume and a decrease of 6.7% in turnover compared to 2022.

According to statistics from General Department of Customs, petroleum imports to Vietnam in December 2023 increased by 10.3% in volume and 3.2% in turnover compared to the previous month, reaching 669,902 tonnes, worth 526.84 million VND.
Overall, in 2023, amount of imported petroleum reached 10,053,997 tonnes, worth 8.36 billion USD, an increase of 13.2% in volume and a decrease of 6.7% in turnover compared to 2022.
Vietnam imported the most petroleum from Korea in 2023, accounting for more than 38% of total import volume and turnover, reaching 3,920,087 tonnes, worth 3.21 billion USD, an increase of 20.1% in volume and a decrease of 6.08% in turnover compared to the same period in 2022; Out of which, in December 2023 alone, imports increased by 37.2% in volume and 29.4% in turnover compared to November 2023, reaching 225,790 tonnes, worth 174.8 million USD.
The next is Singapore market, accounting for more than 21% of total import volume and turnover in 2023, reaching 2,171,473 tonnes, worth 1.81 billion USD, an increase of 45.6% in volume and an increase of 26.4% in turnover; In December 2023 alone, petroleum imports reached 136,986 tonnes, worth 114.76 million USD, up 23.4% in volume and 22.2% in turnover.
The following is Malaysian market, in 2023, which accounted for more than 18-19% of total import volume and total turnover, increasing by 37.4% in volume and 21.8% in turnover, reaching 1,944,976 tonnes, worth 1.57 billion USD; In December 2023 alone, petroleum import from this market decreased by 41.2% in volume and 49.5% in turnover.
Petroleum imports from Thailand accounted for more than 10% of total volume and total turnover in 2023, reaching 1,007,129 tonnes, worth 857.9 million USD, down by 6.9% in volume and 25.9% in turnover; In December 2023 alone, petroleum import from this market reached 143,966 tonnes, worth 118.4 million USD.
The next is Chinese market, in 2023, which accounted for more than 9-10% of total import volume and turnover, down by 5.4% in volume and down by 15.7% in turnover, reaching 960,617 tonnes, worth 848.400 million USD; In December 2023 alone, petroleum import reached 41,620 tonnes, worth 34.8 million USD, down by 52.6% in volume and 52.6% in turnover.

Source: Vitic/ congthuong.vn
 

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