Accumulated in 7 months, coal exports to Indonesia reached 236 thousand tons, up 68 times in volume over the same period in 2020. Faced with this situation, the Ministry of Industry and Trade requested to review and tighten exports to balance the price level. both domestically.

Facing the situation that some domestic products have great demand such as iron and steel, fertilizer, coal but are exported a lot, affecting the balance of supply and demand and the domestic price level, the Ministry of Industry and Trade reviewed the situation. export and import to take measures to strengthen the management.

The Ministry requires corporations, corporations and enterprises exploiting, producing and exporting coal to prioritize the source of goods to serve the domestic market, to meet the needs of domestic consumption and production.

Coal import share of markets in Vietnam. (Data:  General Department of Customs, Graphics: Hoang Anh).

According to data from the General Department of Customs, accumulated in the first 7 months of the year, coal exports reached 1 million tons, equivalent to 126 million USD, nearly 2.5 times in volume and 2.2 times in export turnover compared to the previous year. same period in 2020.

Notably, in the 7 months, coal exports to Indonesia reached 236,000 tons, equivalent to 31 million USD, up 68 times in volume, 63 times in value over the same period in 2020, accounting for nearly 25% of total turnover. coal export of the country.

After Indonesia, coal exports to Japan reached 242,000 tons, equivalent to nearly $29 million, up 18% in volume, up 2% in value over the same period in 2020, accounting for nearly 23% of the country’s total coal export turnover. country.

Ranked third, coal exports to the Philippines reached 203,000 tons, equivalent to 21 million USD, up nearly 9 times in volume, up nearly 7 times in value over the same period in 2020, accounting for nearly 17% of total coal export turnover. of the whole country.

The amount and value of coal exports in the past year. (Data: General Department of Customs, Graphic: Hoang Anh)

In June, coal exports doubled last month and turned to decrease in July. Coal exports of all kinds in July reached 137 thousand tons, valued at USD 17.5 million, down 57% in volume and down 53% in value compared to June.

Export coal price in July reached 128 USD/ton, up 10 USD/ton compared to June. Generally in the first 7 months of the year, the average export coal price reached 125 USD/ton, down nearly 10% over the same period last year. 2020.

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