Vietnam’s exports of petroleum products increased by 17.19 percent in December compared to November, reaching US$169.92 million, according to data from Vietnam’s General Department of Customs.
Vietnam’s petroleum products exports total US$1.93 billion for 2024.
The rise in exports was driven by a significant increase in shipments to China, which saw a 120.28 percent increase, amounting to US$22.55 million. Exports to South Korea, Cambodia, and Singapore also showed positive growth, with increases of 86.26 percent, 5.04 percent, and 59.07 percent, respectively.
However, some markets experienced a decline. Exports to Thailand, Indonesia, and Malaysia showed a decrease, with exports to Thailand dropping by 17.04 percent, and exports to Indonesia and Malaysia being completely halted.
See also: Vietnam’s Petroleum Industry
Vietnam petroleum products exports, December 2024, US$
| December | November | MoM | 2024 | |
| Total | 169,921,277 | 144,993,165 | 17.19% | 1,926,626,873 |
| Other | 78,120,309 | 84,072,247 | -7.08% | 941,030,634 |
| South Korea | 26,487,174 | 14,220,169 | 86.26% | 214,865,237 |
| Cambodia | 24,970,509 | 23,771,935 | 5.04% | 314,222,143 |
| China | 22,548,111 | 10,236,161 | 120.28% | 185,165,355 |
| Singapore | 12,387,091 | 7,787,358 | 59.07% | 167,530,899 |
| Laos | 5,325,019 | 3,487,351 | 52.70% | 59,422,832 |
| Thailand | 83,064 | 100,125 | -17.04% | 7,433,895 |
| Hong Kong | #DIV/0! | 3,772,660 | ||
| Indonesia | 44,576 | -100.00% | 1,723,011 | |
| Malaysia | 1,273,243 | -100.00% | 31,460,207 |
See also: How to Start an Export Business in Vietnam.