Cambodia is the largest petroleum consumer market for Vietnam.

According to preliminary statistics from the General Department of Customs, Vietnam's petroleum exports in February 2024 decreased by 4.4% in volume and 6.04% in value compared to the previous month, reaching 217,430 tons, worth US$181.4 million. For the first two months of 2024, exports totaled 442,469 tons, worth US$372.9 million, an increase of 39.7% in volume and 29.4% in value.

Cambodia remains Vietnam's largest export market for petroleum products.

Cambodia remains Vietnam's largest export market for petroleum products. In the first two months of 2024, exports reached 88,914 tons, valued at US$76.2 million, a decrease of 12.8% in volume and 19.09% in value compared to the same period last year, accounting for over 20% of total export volume and value. In February 2024 alone, exports reached 45,186 tons, valued at US$39.6 million, an increase of 3.1% in volume and 8.2% in value.

Following that, the Chinese market accounted for 9-10% of the total volume and value, reaching 42,230 tons and $40.2 million, an increase of 125.7% in volume and 113% in value; in February 2024 alone, it reached 14,432 tons and $13.5 million.

Exports of petroleum products to the South Korean market accounted for over 9-10% of the total volume and value, reaching 41,594 tons and $37.6 million, an increase of 43% in volume and 27.6% in value in the first two months of 2024; however, in February 2024, exports decreased by 31.8% in volume and 3.04% in value.

Next is the Lao market, accounting for 6% of the total volume and value, reaching 27,468 tons and $22.5 million, an increase of 165.9% in volume and 141.4% in value; in February 2024 alone, it reached 13,192 tons and $11 million.

Following closely behind are the markets of Singapore, Malaysia, and Thailand, which account for only a small share of exports, less than 5% of the total volume and value.

Source: https://congthuong.vn/campuchia-la-thi-truong-tieu-thu-xang-dau-nhieu-nhat-cho-viet-nam-311442.html