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Where does New Zealand get its refined petroleum products? Import sources 2024

In 2024, New Zealand imported $5.8 billion of refined petroleum products (8.6 million tonnes), 0.7% of the world total. South Korea sold 56% of the total, followed by Singapore (29%) and Malaysia (6%). New Zealand was the world’s 37th-largest importer of refined petroleum products.

Summary

Value
$5.8billion
Tonnes
8.6million tonnes
Share of world total
0.7%
World rank
37th
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 Korea3.2Tonnes: 4,644,631USD per tonne: $69856.3%Sea
Singapore re-exports1.7Tonnes: 2,705,558USD per tonne: $61328.8%Sea
Malaysia0.32Tonnes: 503,250USD per tonne: $6335.5%Sea
Japan0.26Tonnes: 405,904USD per tonne: $6334.5%Sea
China0.16Tonnes: 268,212USD per tonne: $6042.8%Sea
Australia0.04Tonnes: 18,073USD per tonne: $2,1940.69%Sea
Brunei0.03Tonnes: 46,001USD per tonne: $7060.56%Sea
Thailand0.01Tonnes: 5,298USD per tonne: $1,9150.18%Sea
United States0.01Tonnes: 844USD per tonne: $6,9890.1%Sea
Germany< 0.01Tonnes: 1,067USD per tonne: $4,1930.08%Sea
India< 0.01Tonnes: 6,357USD per tonne: $6870.08%Sea
Samoa< 0.01Tonnes: 4,688USD per tonne: $8760.07%Sea
France< 0.01Tonnes: 568USD per tonne: $5,4170.05%Sea
United Kingdom< 0.01Tonnes: 760USD per tonne: $2,8930.04%Sea
Belgium re-exports< 0.01Tonnes: 770USD per tonne: $2,4880.03%Sea
Vietnam< 0.01Tonnes: 426USD per tonne: $4,1520.03%Sea
United Arab Emirates< 0.01Tonnes: 1,036USD per tonne: $1,4770.03%Sea
Hong Kong re-exports< 0.01Tonnes: 479USD per tonne: $3,0910.03%Sea
Canada< 0.01Tonnes: 166USD per tonne: $5,3670.02%Sea
Indonesia< 0.01Tonnes: 304USD per tonne: $2,5770.01%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 3.2
  • Singapore 1.7
  • Malaysia 0.32
  • Japan 0.26
  • China 0.16

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea< 0.013.2
Singapore0.031.7
Malaysia< 0.010.32
Japan< 0.010.26
China< 0.010.16

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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