A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam’s petroleum product imports decline 12.18 percent in February 2025

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

See also: How to Start an Import Business in Vietnam