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$15.69 million.
However, exports to Thailand dropped by 100 percent, indicating a significant decline in demand from that market in December.
See also: Crude Oil Industry in Vietnam
Vietnam crude oil exports, December 2024, US$
| December | November | MoM | 2024 | |
| Total | 114,721,452 | 93,375,535 | 22.86% | 1,733,620,318 |
| Other | 22,839,113 | 0 | 0.00% | 207,400,424 |
| Australia | 76,190,879 | 46,133,935 | 65.15% | 572,814,726 |
| South Korea | 15691460 | 0 | 0.00% | 32,019,408 |
| China | 0 | 0 | 0.00% | 18520264 |
| Japan | 0 | 0 | 0.00% | 125,026,977 |
| Malaysia | 0 | 0 | 0.00% | 7916733 |
| Singapore | 0 | 0 | 0.00% | 81731693 |
| Thailand | 0 | 47,241,600 | -100.00% | 688,190,093 |
See also: How to Start an Export Business in Vietnam.