Vietnam’s exports of petroleum products saw a substantial increase in October 2024, with volumes reaching 228,707 tonnes and a value of US$170.81 million, according to Vietnam’s General Department of Customs. This represents a 52.4 percent rise in volume and a 43.8 percent increase in value compared to September, which recorded 150,048 tonnes and US$118.81 million.
Year-to-date performance also reflects positive growth. From January to October, Vietnam exported 1.99 million tonnes of petroleum products, valued at US$1.61 billion. This marks an 8.6 percent increase in volume and a 3.7 percent rise in value compared to the same period in 2023.
The October surge indicates robust international demand, while the year-to-date growth highlights Vietnam’s steady role in the petroleum product market. The sector’s resilience and capacity for expansion position it as a vital contributor to the country’s export economy.
See also: Mining in Vietnam: Industry Overview
Vietnam’s petroleum products exports by destination, October vs. September 2024, US$
| October | September | MoM | YTD | |
| Total | 170,810,657 | 118,811,215 | 43.77% | 1,611,054,825 |
| Other | 81,952,843 | 72,724,181 | 12.69% | 777,646,128 |
| Cambodia | 19,325,223 | 20,962,614 | -7.81% | 265,537,517 |
| South Korea | 17,415,338 | 6,616,316 | 163.22% | 174,157,894 |
| China | 22,856,393 | 7,867,019 | 190.53% | 151,559,754 |
| Singapore | 22,027,883 | 6,515,572 | 238.08% | 148,623,322 |
| Laos | 3,133,186 | 1,759,141 | 78.11% | 50,641,445 |
| Malaysia | 2,148,036 | 2,366,372 | -9.23% | 30,186,963 |
| Thailand | 1,020,946 | 0 | 0.00% | 7,250,707 |
| HongKong | 930,809 | 0 | 0.00% | 3,772,660 |
| Indonesia | 0 | 0 | 0.00% | 1,678,435 |