Coal import in Vietnam takes place strongly in both quantity and turnover in 2019

Nhập khẩu than activities are carried out continuously, in order to meet promptly the domestic coal source to produce electricity. According to the General Department of Customs, the import volume in 2019 increased continuously, leading to the increase in turnover. Summarizing the situation of coal purchase and consumption, please read the following information with us.

Over the first 6 months of 2019, coal import increased by nearly 100% over the same period in 2018, reaching nearly 21 million tons. Turnover also increased significantly, nearly 2 billion USD accounting for nearly 65%.

In parallel with the import, Vietnam also simultaneously exported coal to the world market. In the first 6 months, coal belongs to the group of fossil energy typical of trade deficit and trade surplus, which has a positive impact on the situation of economic and trade development.

Regarding the selling price, Vietnam has the opportunity to buy cheap coal from countries such as Australia, Russia, Indonesia because these countries need to coordinate the market and solve inventories. However, the price of coal sold from Vietnam to other markets has not changed, stable each year.

Statistics of domestic nhập khẩu than market. Vietnam currently co-operates coal industry with more than 23 different countries. However, the most dominant is still Indonesia, Russia, and Australia. Among the three markets, Indo is the strongest trading market because of the convergence of many different advantages: cost, shipping logistics, geography, customs procedures ....

Coal market Indo, prices down 11%, to reach 63 USD / ton for the first 6 months. The total import amount of nearly 8 million tons. The second largest market is Australia, the price decreased to 112 USD / ton, increasing coal imports stronger, nearly 7 million tons in just half a year.

Currently, the demand for coal in the country is greatly increased, especially in the field of thermoelectricity production, so the supply and assurance of coal source must always be ensured and supplied strongly.

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