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Vietnam’s crude oil exports rise by 22.86 percent in December

Vietnam’s crude oil exports increased by 22.86 percent in December compared to November, reaching US$114.72 million, according to data from Vietnam’s General Department of Customs.

Vietnam’s exports of crude oil total US$1.73 billion for 2024.

The month-on-month increase was driven by significant growth in exports to Australia, which saw a 65.15 percent rise, amounting to US$76.19 million. Exports to South Korea also showed a positive increase, reaching US$15.69 million.

However, exports to Thailand dropped by 100 percent, indicating a significant decline in demand from that market in December.

See also: Crude Oil Industry in Vietnam

Vietnam crude oil exports, December 2024, US$

DecemberNovemberMoM2024
Total114,721,45293,375,53522.86%1,733,620,318
Other22,839,11300.00%207,400,424
Australia76,190,87946,133,93565.15%572,814,726
South Korea1569146000.00%32,019,408
China000.00%18520264
Japan000.00%125,026,977
Malaysia000.00%7916733
Singapore000.00%81731693
Thailand047,241,600-100.00%688,190,093

See also: How to Start an Export Business in Vietnam.

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