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Who buys Indonesia’s crude oil? Export destinations 2024

In 2024, Indonesia exported $2.7 billion of crude oil (3.7 million tonnes), 0.2% of the world total. Thailand bought 68% of the total, followed by Singapore (9%) and Japan (4%). Indonesia was the world’s 33rd-largest exporter of crude oil.

Summary

Value
$2.7billion
Tonnes
3.7million tonnes
Share of world total
0.2%
World rank
33rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 10 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Thailand1.8Tonnes: 2,484,558USD per tonne: $74068.4%Sea
Singapore re-exports0.24Tonnes: 364,914USD per tonne: $6619%Sea
Japan0.11Tonnes: 163,342USD per tonne: $6894.2%Sea
Australia0.1Tonnes: 184,398USD per tonne: $5663.9%Sea
Brunei0.1Tonnes: 121,506USD per tonne: $8523.9%Sea
South Korea0.1Tonnes: 168,479USD per tonne: $6053.8%Sea
Malaysia0.09Tonnes: 96,760USD per tonne: $9813.5%Land
China0.09Tonnes: 143,173USD per tonne: $6083.2%Sea
Vietnam0.01Tonnes: 8,529USD per tonne: $7100.22%Sea
Belgium re-exports< 0.01Tonnes: —USD per tonne: —0%Sea

Trend

Who it sells to

Thailand has been its main destination since 2016

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

  • Thailand 1.8
  • Singapore 0.24
  • Japan 0.11
  • Australia 0.1
  • Brunei 0.1

Source: CEPII BACI

Show the numbers
Partner19952024
Thailand0.041.8
Singapore0.410.24
Japan20.11
Australia0.290.1
Brunei00.1

Sources and methodology

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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