Crude oil exported to China up 62.5%

11:18 | 25/03/2015

VGP – Viet Nam gained more than US$359 million from exporting 792,000 tons of crude oil in February, down 2.8% in volume and up 18.3% in value compare the the previous month.

Illustration photo

China was the largest importer of Viet Nam’s crude oil with 300,000 tons in the first two months of 2015, a year-on-year increase of 62.5%. It was followed by Australia with nearly 248,000 tons, down 13.6%, Malaysia 231,000 tons, up 15.3% and Singapore 224,000 tons, six times higher than the same period last year.

In February, the nation earned US$945 million from exporting computers, electronics and spare parts, bringing the total export turnover over the reviewed period to US$2.22 billion, a year-on-year increase of 64%.

During the time, the United Arab Emirates ranked first among exporters of phones and accessories from Viet Nam with US$673 million, up 29.5%. It was followed by the US, Indonesia and India.

In 2014, the export value of phones and spare parts saw a sharply increase of 20.4%, reaching US$4.17 billion.

By Thuy Dung