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Cambodia is the largest petroleum consuming market for Vietnam


Which market imports the most petroleum from Vietnam in 2023? Which Vietnamese products exported the most to Laos in January 1?

According to preliminary statistics of the General Department of Customs, Vietnam's petroleum exports in February 02 decreased by 2024% in volume and 4,4% in turnover compared to the previous month, reaching 6,04 tons, worth 217.430 million USD. Overall, in the first 181,4 months of 02, exports reached 2024 tons, worth 442.469 million USD, up 372,9% in volume and 39,7% in value.

Cambodia is consuming the most petroleum for Vietnam
Cambodia is still Vietnam's largest petroleum export market

Cambodia is still Vietnam's largest petroleum export market, in the first 02 months of 2024, reaching 88.914 tons, worth 76,2 million USD, down 12,8% in volume and 19,09% in value. Compared to the same period last year, accounting for more than 20% of total export volume and turnover; In February 02 alone, it reached 2024 tons, worth 45.186 million USD, an increase of 39,6% in volume and an increase of 3,1% in value.

Next is the Chinese market, accounting for 9-10% of total volume and total turnover, reaching 42.230 tons, turnover of 40,2 million USD, an increase of 125,7% in volume and an increase of 113% in value; In February 02 alone, it reached 2024 tons, worth 14.432 million USD.

Petroleum exports to the Korean market accounted for more than 9-10% of total volume and turnover, reaching 41.594 tons, turnover reached 37,6 million USD, an increase of 43% in volume and an increase of 27,6% in value in the past year. The first 02 months of 2024; In February 02 alone, exports decreased by 2024% in volume and 31,8% in value.

Next is the Laos market, accounting for 6% of total volume and total turnover, reaching 27.468 tons, turnover of 22,5 million USD, an increase of 165,9% in volume and an increase of 141,4% in value; In February 02 alone, it reached 2024 tons, worth 13.192 million USD.

Next are the Singapore, Malaysia and Thailand markets, which only account for a small export proportion of less than 5% of total volume and total turnover.





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