Statistics from Vietnam Customs do not show the low price of crude oil exports to China
Data of Vietnam Customs has shown that the price of crude oil exports to China is higher than the average price. Photo: Internet |
As per the latest information, the average price of crude oil exports to Vietnam was 408 USD per ton, meanwhile, the actual price is the only US $ 400 per ton and that information is considered to be quoted from the source of Vietnam Customs.
But in the fact that the trade statistics are publicized by Vietnam Customs on Portal (www.customs.gov.vn), and the price of crude oil exports to China is higher than the general average price (excluding Taxes).
Especially, until the end of August 2017, the country exported 4.954 million tons of crude oil (4,954.275 tons), the total turnover of more than US $ 1.98 billion (US $ 1,980,749,246), the average price only was $ US 399.7 per ton.
Meanwhile, exports to China reached nearly 1.7 million tons (1,698.789 tons) with a total turnover of over US $ 684 million (684,106,018). The average export price to China was US$ 402.7 per ton.
PVN exports 355 million tonnes of crude oil in 30 years The Vietnam National Oil and Gas Group PVN has exported 355 million tonnes of crude oil worth ... |
Therefore, if calculating in detail as above, it is shown that the price of crude oil exports to China is US$ 3 higher than average price, not US$ 8 as per the latest information from newspapers.
As informed by Customs Newspaper, Petro Vietnam (PVN) said that the average price of crude oil exports to China was US$ 405.31 with about US $ 2.9 higher than the average price.
Related News
Facilitates import and export enterprises amid difficult context
09:46 | 06/04/2023 Customs
Enterprises have the right to pre-determine HS codes
09:55 | 06/04/2023 Regulations
Customs seizes 20 drug-related offences
10:23 | 05/04/2023 Anti-Smuggling
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export