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% TotalJanuaryMoMYTD
Total517.80100.00%589.58-12.18%1,105.33
Other7.341.42%19.15-61.69%25.98
South Korea178.8934.55%130.4937.08%309.26
Singapore178.8834.55%298.73-40.12%476.59
China102.3419.76%73.2039.80%175.11
Malaysia50.359.72%51.49-2.22%102.38
Thailand0.000.00%16.52-100.00%16.00

See also: How to Start an Import Business in Vietnam

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