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Vietnam’s crude oil exports nearly double in January

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)

JanuaryDecemberMoMYTD% of Total
Total228.75114.7299.40%228.75100.00%
Other0.0038.53-100.00%0.000.00%
Australia103.8176.1936.25%103.8145.38%
Singapore73.540.00073.5432.15%
Thailand51.400.00051.4022.47%

See also: How to Start an Export Business in Vietnam

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