Vietnam exports 1.8 million tonnes of petroleum in first seven months

09:48 | 16/08/2018 Energy

Vietnam shipped 200,000 tonnes of petroleum in July, raising the total volume of exported petrol in the first seven months of 2018 to 1.8 million tonnes, bringing in US$1.14 billion.

Vietnam shipped 1.8 million tonnes of petroleum in the January-July period

The figures are an increase of 11.7 pct in volume and 41.1 pct in value compared with the same period of last year, according to the Ministry of Industry and Trade (MOIT).

Data compiled by the MOIT’s Industry and Trade Information Centre shows that Vietnam’s petroleum exports to other Southeast Asian countries accounted for more than one third of its total petroleum exports.

In the first half of 2018, Vietnam shipped 370,600 tonnes worth US$243.7 million to Cambodia, while the volume exported to China was 221,600 tonnes, bringing in US$153.5 million.

During the same period, Vietnam exported 77,000 tonnes to Laos, 65,800 tonnes to Malaysia and 59,700 tonnes to the Republic of Korea.

On the other hand, Vietnam spent US$4.66 billion on importing 7.07 million tonnes of petroleum in the first six months of 2018, up 11.5 pct annually.

Malaysia was the largest provider of petroleum products to Vietnam with 28.5 pct of the total imported volume.

Theo NDO