Vietnam’s exports of petroleum products reached US$60.23 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This marks a significant decrease of 34.36 percent compared to April, bringing the year-to-date (YTD) export value to US$413.38 million.

Major Market Shifts:

The overall decline was largely driven by sharp drops in exports to Cambodia, which plummeted by 80.93 percent to US$3.87 million, and Malaysia, which saw an 85.06 percent decrease to US$3.11 million. These two markets were major contributors in April but saw substantial reductions in May.
Singapore also experienced a significant decline of 44.90 percent.

Key Markets with Positive Growth:

South Korea emerged as the top destination in May, with exports surging by an impressive 67.33 percent to US$23.78 million, making it the largest YTD market with 26.30 percent of the total.
China also showed positive growth, with a 5.26 percent increase to US$15.31 million.
Russia recorded a substantial 41.22 percent increase.
Laos saw a 12.80 percent increase.
Notably, Hong Kong and Thailand appeared as new export markets in May.

The May data for Vietnam’s petroleum product exports indicates a challenging month with a significant overall decline, primarily due to drastic reductions in shipments to Cambodia and Malaysia. However, the strong performance in South Korea, China, and Russia suggests a shift in market focus and potential for diversification. This volatility reflects the dynamic nature of global petroleum markets and regional demand changes.

Vietnam exports of petroleum products, May 2025, US$ millions

	May	April	MoM	YTD	% of YTD
Total	60.23	91.76	-34.36%	413.38	100.00%
Other	2.00	3.05	-34.59%	0.00	0.00%
South Korea	23.78	14.21	67.33%	108.74	26.30%
China	15.31	14.55	5.26%	95.31	23.06%
Singapore	8.99	16.31	-44.90%	83.66	20.24%
Cambodia	3.87	20.28	-80.93%	78.10	18.89%
Malaysia	3.11	20.79	-85.06%	28.30	6.84%
Laos	1.78	1.58	12.80%	7.73	1.87%
Russia	1.39	0.99	41.22%	2.38	0.58%
Hong Kong	0.00	0.00	0.00%	0.52	0.13%
Thailand	0.00	0.00	0.00%	0.46	0.11%

Your support keeps this site independent and objective.
If you find value in this work, please consider making a contribution.

$2/mo $5/mo $10/mo One-time

Need more convincing?

Our content is free because we believe a rising tide lifts all boats.

By making accurate, independent information accessible to everyone, we help create a more informed, resilient, and empowered business community.

When businesses, investors, policymakers, and everyday readers all have access to clear, unbiased analysis, it leads to better decisions, fairer opportunities, and stronger economic outcomes for all.

That said, while our content is free to read, it costs money to create.

Behind every article is careful research, fact-checking, and expert analysis — all of which require time, skill, and resources.

If you can spare a couple of dollars, your support helps ensure that reliable, unbiased information remains accessible to all.