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Where does the Philippines get its crude oil? Import sources 2024

In 2024, the Philippines imported $3.7 billion of crude oil (6.5 million tonnes), 0.3% of the world total. Its main sources were Saudi Arabia (48%), the United Arab Emirates (33%) and Iraq (13%). The Philippines was the world’s 35th-largest importer of crude oil.

Summary

Value
$3.7billion
Tonnes
6.5million tonnes
Share of world total
0.3%
World rank
35th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 9 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Saudi Arabia1.8Tonnes: 3,193,360USD per tonne: $56248.5%Sea
United Arab Emirates1.2Tonnes: 2,055,090USD per tonne: $59332.9%Sea
Iraq0.47Tonnes: 871,048USD per tonne: $54512.8%Sea
Colombia0.07Tonnes: 119,869USD per tonne: $5461.8%Sea
Japan0.06Tonnes: 91,720USD per tonne: $6891.7%Sea
Qatar0.04Tonnes: 68,470USD per tonne: $5611%Sea
Malaysia0.03Tonnes: 39,616USD per tonne: $6340.68%Sea
Brunei0.02Tonnes: 41,502USD per tonne: $5440.61%Sea
Belgium re-exports< 0.01Tonnes: 0USD per tonne: $31,8750%Sea

Trend

Who it buys from

Saudi Arabia has been its main source since 1996

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

  • Saudi Arabia 1.8
  • United Arab Emirates 1.2
  • Iraq 0.47
  • Colombia 0.07
  • Japan 0.06

Source: CEPII BACI

Show the numbers
Partner19952024
Saudi Arabia01.8
United Arab Emirates01.2
Iraq00.47
Colombia00.07
Japan00.06

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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