Imports of all kinds of coal increased by nearly 37% in volume over the same period.

Imports of all kinds of coal from Russia increased by 146.6% in volume. Vietnam's coal imports increased by 60% in volume.

According to preliminary statistics of the General Department of Customs, in July 2024, Vietnam's coal imports of all kinds reached 7.05 million tons, equivalent to nearly 838 million USD, up 10.8% in volume and 14.7% in value compared to the previous month.

In the first 7 months of the year, Vietnam's coal imports of all kinds reached 40.49 million tons, worth nearly 5.04 billion USD, up sharply by 36.9% in volume and 16.1% in value over the same period in 2023.

With the increasing demand for electricity, Vietnam is having to increase the use of coal in electricity production, leading to increased coal imports from many markets.

Vietnam is actively importing this item from many large markets such as Indonesia, Australia, Malaysia...

Nhập khẩu than các loại của Việt Nam tăng gần 53%

Source: General Department of Customs

Of which, Australia is the largest import market of all kinds of coal from Vietnam in terms of turnover in the first 7 months of the year. In July 2024, imports of all kinds of coal from Australia reached nearly 2.63 million tons, worth nearly 346 million USD. In the first 7 months of 2024, imports of all kinds of coal from this market reached 10.8 million tons, worth 1.73 billion USD.

Following are Indonesia and Russia respectively. In July 2024, coal imports of all kinds from Indonesia reached 2.077 million tons, worth 187.4 million USD. In the first 7 months, imports of this item from the Indonesian market reached 16.36 million tons, worth nearly 1.5 billion USD. Also in July 2024, Vietnam imported 694 thousand tons of coal of all kinds from Russia, worth 113.37 million USD. In the first 7 months of the year, coal imports from this market reached 3.64 million tons, worth 657 million USD.

Vietnam's coal imports in the first seven months of 2024 increased by nearly 37% over the same period last year. Photo: VNA

Notably, Laos is one of the countries that Vietnam plans to import large quantities of. Specifically, coal imports of all kinds from Laos in July reached nearly 100 thousand tons with a turnover of 7.38 million USD, the price reached 74.3 USD/ton.

In the first 7 months, the import of this item from the neighboring country reached more than 1.26 million tons, worth nearly 83 million USD, with an average price of 65.5 USD/ton. This is the cheapest import price compared to other markets. Meanwhile, in 2023, our country will not import coal from Laos.

The Ministry of Industry and Trade said that Vietnam's demand for imported raw materials and fuels is very large. In the period of 2025 - 2030, Vietnam's demand for imported coal is up to about 60 - 100 million tons/year. In particular, to ensure sufficient coal supply for electricity production in 2024, investors of coal-fired thermal power plants are assigned the responsibility of arranging 74.307 million tons of coal, and the plants are designed to use about 26.1 million tons of imported coal.

Therefore, the Ministry of Industry and Trade has implemented the development of a Coal Trading Cooperation Agreement with Laos to ensure a stable coal supply for Vietnam. The market is highly appreciated for its potential and is gradually becoming an important source of products and raw materials for Vietnam in the ASEAN bloc.

Source: https://congthuong.vn/nhap-khau-than-cac-loai-tang-gan-37-ve-luong-so-voi-cung-ky-343118.html