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Where does Hong Kong get its refined petroleum products? Import sources 2024

In 2024, Hong Kong imported $10.7 billion of refined petroleum products (18 million tonnes), 1.3% of the world total. Its main sources were China (44%), Singapore (22%) and South Korea (12%). Hong Kong was the world’s 22nd-largest importer of refined petroleum products.

Summary

Value
$10.7billion
Tonnes
18million tonnes
Share of world total
1.3%
World rank
22nd
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
China4.7Tonnes: 8,353,326USD per tonne: $56644.2%Sea
Singapore re-exports2.4Tonnes: 3,896,715USD per tonne: $60422%Sea
South Korea1.3Tonnes: 2,158,773USD per tonne: $61112.3%Sea
Malaysia0.65Tonnes: 1,086,356USD per tonne: $5946%Sea
Qatar0.41Tonnes: 383,682USD per tonne: $1,0733.8%Sea
Taiwan0.41Tonnes: 688,229USD per tonne: $5983.8%Sea
India0.18Tonnes: 307,461USD per tonne: $5951.7%Sea
Brazil0.16Tonnes: 253,561USD per tonne: $6331.5%Sea
Japan0.15Tonnes: 243,416USD per tonne: $6171.4%Sea
Thailand0.14Tonnes: 323,275USD per tonne: $4331.3%Sea
Greece0.08Tonnes: 74,877USD per tonne: $1,0380.73%Sea
Papua New Guinea0.06Tonnes: 115,065USD per tonne: $4880.52%Sea
Switzerland0.01Tonnes: 11,692USD per tonne: $1,0700.12%Sea
Turkey0.01Tonnes: 20,688USD per tonne: $5910.11%Sea
South Africa0.01Tonnes: 20,913USD per tonne: $4970.1%Sea
United States0.01Tonnes: 1,889USD per tonne: $5,1970.09%Sea
Sri Lanka0.01Tonnes: 7,824USD per tonne: $7310.05%Sea
Germany0.01Tonnes: 682USD per tonne: $8,2100.05%Sea
Vietnam< 0.01Tonnes: 4,984USD per tonne: $6870.03%Sea
Macao< 0.01Tonnes: 2,414USD per tonne: $7300.02%Sea

Trend

Who it buys from

China has been its main source since 2015

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

  • China 4.7
  • Singapore 2.4
  • South Korea 1.3
  • Malaysia 0.65
  • Qatar 0.41

Source: CEPII BACI

Show the numbers
Partner19952024
China0.054.7
Singapore2.12.4
South Korea0.241.3
Malaysia< 0.010.65
Qatar00.41

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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