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Who buys Australia’s crude oil? Export destinations 2024

In 2024, Australia exported $6.4 billion of crude oil (10.9 million tonnes), 0.5% of the world total. Its main destinations were South Korea (33%), Thailand (17%) and Singapore (14%). Australia was the world’s 26th-largest exporter of crude oil.

Summary

Value
$6.4billion
Tonnes
10.9million tonnes
Share of world total
0.5%
World rank
26th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 18 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
South Korea2.1Tonnes: 3,094,318USD per tonne: $68733%Sea
Thailand1.1Tonnes: 1,456,085USD per tonne: $73316.6%Sea
Singapore re-exports0.88Tonnes: 2,231,692USD per tonne: $39213.6%Sea
Indonesia0.74Tonnes: 1,129,667USD per tonne: $65911.6%Sea
Brunei0.56Tonnes: 841,359USD per tonne: $6628.7%Sea
China0.36Tonnes: 591,115USD per tonne: $6035.5%Sea
United Arab Emirates0.29Tonnes: 578,114USD per tonne: $5034.5%Sea
Japan0.26Tonnes: 371,570USD per tonne: $6924%Sea
Malaysia0.11Tonnes: 524,757USD per tonne: $2031.7%Sea
Netherlands re-exports0.03Tonnes: 49,409USD per tonne: $6520.5%Sea
France0.02Tonnes: 39,000USD per tonne: $6080.37%Sea
Denmark< 0.01Tonnes: 0USD per tonne: $2,757,4290%Air
Papua New Guinea< 0.01Tonnes: 1USD per tonne: $13,5440%Sea
New Zealand< 0.01Tonnes: 6USD per tonne: $1,5020%Sea
New Caledonia< 0.01Tonnes: 3USD per tonne: $2,8870%Sea
Fiji< 0.01Tonnes: 1USD per tonne: $3420%Sea
India< 0.01Tonnes: 0USD per tonne: $9,6820%Sea
Canada< 0.01Tonnes: 0USD per tonne: $6270%Sea

Trend

Who it sells to

South Korea has been its main destination since 2021

Value in USD billions. The five largest destinations in 2024.

  • South Korea 2.1
  • Thailand 1.1
  • Singapore 0.88
  • Indonesia 0.74
  • Brunei 0.56

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea0.092.1
Thailand0.021.1
Singapore0.080.88
Indonesia0.220.74
Brunei00.56

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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