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Where does Australia get its refined petroleum products? Import sources 2024

In 2024, Australia imported $31.4 billion of refined petroleum products (49.7 million tonnes), 3.7% of the world total. Its main sources were South Korea (30%), Singapore (20%) and Malaysia (13%). Australia was the world’s 6th-largest importer of refined petroleum products.

Summary

Value
$31.4billion
Tonnes
49.7million tonnes
Share of world total
3.7%
World rank
6th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
South Korea9.4Tonnes: 13,786,675USD per tonne: $68129.9%Sea
Singapore re-exports6.3Tonnes: 10,847,412USD per tonne: $58420.2%Sea
Malaysia4.1Tonnes: 7,134,263USD per tonne: $57213%Sea
India3Tonnes: 4,786,943USD per tonne: $6179.4%Sea
Taiwan2.6Tonnes: 4,027,688USD per tonne: $6468.3%Sea
China2.2Tonnes: 3,311,177USD per tonne: $6506.9%Sea
Brunei1.4Tonnes: 2,453,967USD per tonne: $5904.6%Sea
Japan1.4Tonnes: 2,037,565USD per tonne: $6734.4%Sea
United Arab Emirates0.35Tonnes: 566,319USD per tonne: $6231.1%Sea
Belgium re-exports0.25Tonnes: 330,767USD per tonne: $7690.81%Sea
United States0.13Tonnes: 126,229USD per tonne: $1,0000.4%Sea
Indonesia0.09Tonnes: 115,216USD per tonne: $7800.29%Sea
Oman0.08Tonnes: 149,037USD per tonne: $5650.27%Sea
Thailand0.03Tonnes: 21,950USD per tonne: $1,5500.11%Sea
Germany0.03Tonnes: 6,099USD per tonne: $4,2830.08%Sea
Hong Kong re-exports0.01Tonnes: 5,002USD per tonne: $2,4030.04%Sea
Netherlands re-exports0.01Tonnes: 4,111USD per tonne: $1,7360.02%Sea
Philippines0.01Tonnes: 10,393USD per tonne: $6190.02%Sea
Spain0.01Tonnes: 1,414USD per tonne: $4,3680.02%Sea
New Zealand0.01Tonnes: 5,218USD per tonne: $1,0680.02%Sea

Trend

Who it buys from

South Korea has been its main source since 2023

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

  • South Korea 9.4
  • Singapore 6.3
  • Malaysia 4.1
  • India 3
  • Taiwan 2.6

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea< 0.019.4
Singapore0.216.3
Malaysia< 0.014.1
India< 0.013
Taiwan< 0.012.6

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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