Vietnam’s crude oil exports surged by 99.40 percent month-on-month in January, reaching US$228.75 million, according to Vietnam’s General Department of Customs.
Australia was the largest market, accounting for 45.38 percent of total exports at US$103.81 million, a 36.25 percent increase from December. Singapore followed with US$73.54 million, making up 32.15 percent of total exports. Thailand ranked third with US$51.40 million, representing 22.47 percent of the total.
The sharp increase in crude oil exports was driven by strong demand from Australia and the re-emergence of Singapore and Thailand as major buyers. With exports nearly doubling from the previous month, Vietnam’s crude oil sector saw a significant boost at the start of the year.
See also: Crude Oil Industry in Vietnam
Vietnam’s crude oil exports, January 2025 (US$ millions)
| January | December | MoM | YTD | % of Total | |
| Total | 228.75 | 114.72 | 99.40% | 228.75 | 100.00% |
| Other | 0.00 | 38.53 | -100.00% | 0.00 | 0.00% |
| Australia | 103.81 | 76.19 | 36.25% | 103.81 | 45.38% |
| Singapore | 73.54 | 0.00 | 0 | 73.54 | 32.15% |
| Thailand | 51.40 | 0.00 | 0 | 51.40 | 22.47% |