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Who buys Vietnam’s crude oil? Export destinations 2024

In 2024, Vietnam exported $1.6 billion of crude oil (2.5 million tonnes), 0.1% of the world total. Its main destinations were Australia (38%), Thailand (33%) and Brunei (10%). Vietnam was the world’s 37th-largest exporter of crude oil.

Summary

Value
$1.6billion
Tonnes
2.5million tonnes
Share of world total
0.1%
World rank
37th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 8 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Australia617Tonnes: 1,027,016USD per tonne: $60137.9%Sea
Thailand544Tonnes: 761,301USD per tonne: $71533.5%Sea
Brunei158Tonnes: 236,490USD per tonne: $6669.7%Sea
Japan154Tonnes: 227,011USD per tonne: $6809.5%Sea
Singapore re-exports94.4Tonnes: 140,368USD per tonne: $6735.8%Sea
Malaysia39.4Tonnes: 53,130USD per tonne: $7422.4%Sea
China18.9Tonnes: 25,504USD per tonne: $7411.2%Land
Belgium re-exports< 0.01Tonnes: 0USD per tonne: $25,7500%Sea

Trend

Who it sells to

Australia has been its main destination since 2023

Value in USD billions. The five largest destinations in 2024.

  • Australia 0.62
  • Thailand 0.54
  • Brunei 0.16
  • Japan 0.15
  • Singapore 0.09

Source: CEPII BACI

Show the numbers
Partner19952024
Australia0.130.62
Thailand00.54
Brunei00.16
Japan0.610.15
Singapore0.180.09

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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