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Where does Vietnam get its refined petroleum products? Import sources 2024

In 2024, Vietnam imported $9.1 billion of refined petroleum products (12 million tonnes), 1.1% of the world total. Its main sources were South Korea (30%), Singapore (29%) and Malaysia (18%). Vietnam was the world’s 27th-largest importer of refined petroleum products.

Summary

Value
$9.1billion
Tonnes
12million tonnes
Share of world total
1.1%
World rank
27th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
South Korea2.7Tonnes: 3,744,184USD per tonne: $72329.8%Sea
Singapore re-exports2.6Tonnes: 3,267,172USD per tonne: $79928.8%Sea
Malaysia1.6Tonnes: 2,206,520USD per tonne: $72817.7%Sea
China0.99Tonnes: 1,302,076USD per tonne: $76010.9%Sea
Thailand0.8Tonnes: 1,019,163USD per tonne: $7908.9%Sea
Brunei0.15Tonnes: 204,572USD per tonne: $7281.6%Sea
Taiwan0.07Tonnes: 100,364USD per tonne: $6520.72%Sea
Japan0.04Tonnes: 41,601USD per tonne: $1,0120.46%Sea
Australia0.03Tonnes: 35,454USD per tonne: $7470.29%Sea
India0.02Tonnes: 16,784USD per tonne: $1,1920.22%Sea
United States0.01Tonnes: 8,849USD per tonne: $1,3650.13%Sea
Indonesia0.01Tonnes: 5,913USD per tonne: $1,4780.1%Sea
Hong Kong re-exports0.01Tonnes: 4,479USD per tonne: $1,4290.07%Sea
Germany0.01Tonnes: 1,252USD per tonne: $4,1190.06%Sea
Sweden< 0.01Tonnes: 761USD per tonne: $3,4600.03%Sea
Belgium re-exports< 0.01Tonnes: 1,005USD per tonne: $2,4740.03%Sea
Brazil< 0.01Tonnes: 3,389USD per tonne: $6860.03%Sea
Philippines< 0.01Tonnes: 2,470USD per tonne: $8010.02%Sea
Ukraine< 0.01Tonnes: 566USD per tonne: $2,7280.02%Sea
France< 0.01Tonnes: 392USD per tonne: $3,7660.02%Sea

Trend

Who it buys from

South Korea has been its main source since 2019

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

  • South Korea 2.7
  • Singapore 2.6
  • Malaysia 1.6
  • China 0.99
  • Thailand 0.8

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea0.052.7
Singapore0.62.6
Malaysia< 0.011.6
China< 0.010.99
Thailand0.020.8

Sources and methodology

Other products of this country

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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