Vietnam’s imports of petroleum products fell by 12.18 percent month-on-month in February, amounting to US$517.80 million, according to Vietnam’s General Department of Customs. This brings total year-to-date imports to US$1.11 billion.
South Korea and Singapore were the largest suppliers, each accounting for 34.55 percent of total imports. Imports from South Korea surged 37.08 percent to US$178.89 million, while shipments from Singapore dropped 40.12 percent to US$178.88 million. Imports from China saw a notable increase of 39.80 percent, reaching US$102.34 million, making up 19.76 percent of the total. Meanwhile, purchases from Malaysia fell slightly by 2.22 percent to US$50.35 million.
Thailand did not record any shipments in February after supplying US$16.52 million worth of petroleum products in January.
See also: Petroleum Industry in Vietnam
Vietnam petroleum product imports, February 2025, US$ millions
February | % Total | January | MoM | YTD | |
Total | 517.80 | 100.00% | 589.58 | -12.18% | 1,105.33 |
Other | 7.34 | 1.42% | 19.15 | -61.69% | 25.98 |
South Korea | 178.89 | 34.55% | 130.49 | 37.08% | 309.26 |
Singapore | 178.88 | 34.55% | 298.73 | -40.12% | 476.59 |
China | 102.34 | 19.76% | 73.20 | 39.80% | 175.11 |
Malaysia | 50.35 | 9.72% | 51.49 | -2.22% | 102.38 |
Thailand | 0.00 | 0.00% | 16.52 | -100.00% | 16.00 |