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Vietnam’s petroleum product imports surge by 48.16 percent in December

Vietnam imported US$836.52 million worth of petroleum products in December 2024, marking a substantial 48.16 percent increase compared to November, according to data from Vietnam’s General Department of Customs. Year-to-date imports reached US$7.98 billion.

Singapore emerged as the leading supplier in December, with exports to Vietnam doubling to US$369.66 million, a 100.00 percent increase. South Korea followed, exporting US$206.84 million, a 26.70 percent rise from the previous month. Imports from Malaysia also showed significant growth, climbing 48.53 percent to US$105.69 million.

Conversely, imports from Thailand and China decreased by 11.52 percent and 8.52 percent, respectively. Other sources collectively contributed US$24.15 million, marking an extraordinary 478,053.87 percent increase, while imports from Russia remained negligible.

See also: Vietnam’s Petroleum Industry

Vietnam import data for petroleum products in December 2024 US$

DecemberNovemberMoMYTD
Total836,519,217564,615,36048.16%7,984,143,198
Other24,151,5525,051478,053.87%202,821,826
China47,280,87151,683,518-8.52%871,418,390
Malaysia105,692,89771,160,30848.53%1,643,736,539
Russia345,600
Singapore369,655,649184,824,098100.00%2,289,164,302
South Korea206,844,029163,250,36826.70%2,333,286,610
Thailand82,894,21993,692,017-11.52%643,369,931

See also: How to Start an Import Business in Vietnam

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