Thursday, April 25,2024 - 21:42 GMT+7  Việt Nam EngLish 

Exports of crude oil to China and Singapore fell 

 Thursday, May 24,2018

AsemconnectVietnam - Vietnam’s exports of crude oil totaled 1.22 million tons worth of $ 649.16 million in the first four months of this year, down by 40.1 per cent in quantity and 25.7 per cent in value compared with the same period last year, showed the statistics figures of the General Department of Customs.

In April only, the country’s exports of crude oil reached 230,257 tons worth of $ 128.29 million, down by 28 per cent in quantity and 22.8 per cent in value compared with the previous month. The figure was down by 56 per cent in quantity and 43.9 per cent in value compared with the same period last year.

In the first four months of this year, the country’s exports of crude oil to China reached nearly 317,877 tons worth of $ 170.32 million, decreased by 62 per cent in quantity and 52 per cent in value year – on – year.
The exports of crude oil to Thailand reached 215,370 tons worth of $ 116.69 million, down by 45.2 per cent in quantity and 30.8 per cent in value; to Thailand – down by 5.8 per cent in quantity but up by 16 per cent in value to 185,105 tons worth of $ 99.07 million; to the U.S – up by 294 per cent in quantity and 382 per cent in value; to Malaysia – up by 72.9 per cent in quantity and 105.4 per cent in value to 77

The exports of crude oil to the U.S increased sharply by 294 per cent in quantity and 382 per cent in value compared with the same period last year to 132.671 tons worth of $ 68.42 million. While the exports of crude oil to Malaysia increased by 72.9 per cent in quantity and 105.4 per cent in value to 77,848 tons worth of $ 41.16 million.

However, the country’s exports of crude oil to Singapore in the first four months of this year fell sharply by 70.5 per cent in quantity and 65 per cent in value compared with the same period last year to 67,709 tons worth of $ 33.66 million.

Vietnam’s exports of crude oil in the first four months of 2018-
source: VITIC – according to the figures of the General Department of Customs
Market
First 4 months of 2018
First 4 months of 2018 vs. same period of 2017 (%)
Quantity (ton)
Value (US$)
Quantity
Value
Total
1,222,184
649,164,685
-40.14
-25.69
China
317,877
170,321,587
-62.01
-51.99
Japan
215,370
116,690,089
-45.15
-30.78
Thailand
185,105
99,071,418
-5.84
16.02
Australia
181,242
96,494,340
25.81
53.22
The U.S
132,671
68,423,923
294.19
381.95
Malaysia
77,848
41,156,583
72.88
105.44
Singapore
67,709
33,657,695
-70.51
-65.04
CK
Source: VITIC

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