Coal exports surge by 65.4% year on year in August

09:45 | 28/09/2024Foreign tradeFollow Ven.vn on
Vietnamese coal exports hit a record high in August with 90,060 tonnes shipped abroad for US$18.98 million, up 65.4% in volume and 6.3% in value compared to the same month last year, the General Department of Vietnam Customs reported.

Over the past eight months of the year, coal exports reached 385,382 tonnes, worth US$96.42 million, rising by 22.4% in volume but a reduction of 12.7% in value from last year’s corresponding period.

During January - August, the average export price reached US$250.2 per tonne, down 28.7% year on year.

Japan continued to be the largest importer of Vietnamese coal throughout eight months, with a volume of 119,817 tonnes valued at US$29.93 million, down by 3.6% and 29%, respectively. Japanese imports accounted for 31% in volume and turnover of Vietnam’s total coal exports.

The second largest market was the Philippines, reaching 69,720 tonnes worth US$15.1 million, a sudden increase of 31.7% in volume and 16.5% in value year on year.

The Netherlands, South Africa, Indonesia, and the Republic of Korea were also among the major import markets for Vietnamese coal throughout the reviewed period.

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