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Where does Australia get its crude oil? Import sources 2024

In 2024, Australia imported $5.2 billion of crude oil (8.7 million tonnes), 0.4% of the world total. Its main sources were Malaysia (40%), the United States (17%) and Vietnam (12%). Australia was the world’s 27th-largest importer of crude oil.

Summary

Value
$5.2billion
Tonnes
8.7million tonnes
Share of world total
0.4%
World rank
27th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 17 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Malaysia2.1Tonnes: 3,384,318USD per tonne: $61139.7%Sea
United States0.88Tonnes: 1,512,001USD per tonne: $58116.9%Sea
Vietnam0.62Tonnes: 1,027,016USD per tonne: $60111.9%Sea
Brunei0.52Tonnes: 941,587USD per tonne: $5499.9%Sea
United Arab Emirates0.31Tonnes: 536,457USD per tonne: $5876.1%Sea
New Zealand0.17Tonnes: 244,446USD per tonne: $6923.3%Sea
Nigeria0.11Tonnes: 240,412USD per tonne: $4722.2%Sea
Libya0.11Tonnes: 201,246USD per tonne: $5612.2%Sea
Indonesia0.1Tonnes: 184,398USD per tonne: $5662%Sea
Algeria0.1Tonnes: 151,384USD per tonne: $6401.9%Sea
Brazil0.07Tonnes: 68,623USD per tonne: $9691.3%Sea
Liberia0.06Tonnes: 101,489USD per tonne: $6151.2%Sea
Argentina0.05Tonnes: 92,149USD per tonne: $5160.91%Sea
Azerbaijan0.04Tonnes: 60,433USD per tonne: $5880.68%Sea
Spain< 0.01Tonnes: 0USD per tonne: $7,6240%Sea
Thailand< 0.01Tonnes: 0USD per tonne: $1,0000%Sea
Netherlands re-exports< 0.01Tonnes: 0USD per tonne: $1,0000%Sea

Trend

Who it buys from

Malaysia has been its main source since 2012

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

  • Malaysia 2.1
  • United States 0.88
  • Vietnam 0.62
  • Brunei 0.52
  • United Arab Emirates 0.31

Source: CEPII BACI

Show the numbers
Partner19952024
Malaysia0.082.1
United States< 0.010.88
Vietnam0.130.62
Brunei0.020.52
United Arab Emirates0.340.31

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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