In November, Vietnam’s exports of petroleum products fell by 15.1 percent compared to October, reaching US$144.99 million, according to Vietnam’s General Department of Customs. Year-to-date exports amounted to US$1.76 billion, reflecting the sector’s consistent contribution to Vietnam’s overall export portfolio.
Cambodia emerged as the top importer, accounting for US$23.77 million in November, an increase of 23.01 percent month-on-month. South Korea followed with imports of US$14.22 million, a decline of 18.35 percent, while China registered a steep drop of 55.22 percent, with imports totalling US$10.24 million. Singapore recorded a sharp decline of 64.65 percent, importing only US$7.79 million.
Vietnam’s petroleum exports reflect volatility in global energy markets, with declines across several key partners. However, Cambodia’s growing imports provided some stability for the sector.
See also: Mining in Vietnam: Industry Overview
Vietnam petroleum products exports, November 2024, US$
| November | October | MoM | YTD | |
| Total | 144,993,165 | 170,810,657 | -15.10% | 1,756,705,596 |
| Other | 84,072,247 | 81,952,843 | 2.59% | 861,690,645 |
| Cambodia | 23,771,935 | 19,325,223 | 23.01% | 289,339,639 |
| South Korea | 14,220,169 | 17,415,338 | -18.35% | 188,378,063 |
| China | 10,236,161 | 22,856,393 | -55.22% | 162,617,244 |
| Singapore | 7,787,358 | 22,027,883 | -64.65% | 156,244,500 |
| Laos | 3,487,351 | 3,133,186 | 11.30% | 54,128,796 |
| Malaysia | 1,273,243 | 2,148,036 | -40.73% | 31,460,206 |
| Thailand | 100,125 | 1,020,946 | -90.19% | 7,350,832 |
| Indonesia | 44,576 | 0 | 0.00% | 1,723,011 |
| HongKong | 0 | 930,809 | -100.00% | 3,772,660 |