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Where does the Philippines get its refined petroleum products? Import sources 2024

In 2024, the Philippines imported $10.4 billion of refined petroleum products (14.6 million tonnes), 1.2% of the world total. Its main sources were South Korea (33%), China (25%) and Malaysia (14%). The Philippines was the world’s 25th-largest importer of refined petroleum products.

Summary

Value
$10.4billion
Tonnes
14.6million tonnes
Share of world total
1.2%
World rank
25th
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 Korea3.5Tonnes: 4,952,096USD per tonne: $70033.5%Sea
China2.6Tonnes: 3,671,598USD per tonne: $69924.8%Sea
Malaysia1.4Tonnes: 1,804,047USD per tonne: $78113.6%Sea
Singapore re-exports0.93Tonnes: 1,466,516USD per tonne: $6339%Sea
Taiwan0.56Tonnes: 763,723USD per tonne: $7295.4%Sea
Japan0.38Tonnes: 553,673USD per tonne: $6783.6%Sea
India0.35Tonnes: 439,663USD per tonne: $7993.4%Sea
Thailand0.24Tonnes: 271,294USD per tonne: $8832.3%Sea
Qatar0.16Tonnes: 231,092USD per tonne: $6921.5%Sea
Bahrain0.08Tonnes: 111,359USD per tonne: $7030.76%Sea
Kuwait0.08Tonnes: 109,530USD per tonne: $6890.73%Sea
Brunei0.07Tonnes: 130,279USD per tonne: $5690.71%Sea
Vietnam0.03Tonnes: 35,451USD per tonne: $9160.31%Sea
Oman0.02Tonnes: 27,073USD per tonne: $6770.18%Sea
United Arab Emirates0.01Tonnes: 6,711USD per tonne: $1,6750.11%Sea
Brazil0.01Tonnes: 7,999USD per tonne: $6500.05%Sea
United States< 0.01Tonnes: 1,084USD per tonne: $4,3940.05%Sea
Canada< 0.01Tonnes: 2,282USD per tonne: $1,1670.03%Sea
Hong Kong re-exports< 0.01Tonnes: 906USD per tonne: $1,8500.02%Sea
Germany< 0.01Tonnes: 439USD per tonne: $3,7400.02%Sea

Trend

Who it buys from

South Korea has been its main source since 2022

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

  • South Korea 3.5
  • China 2.6
  • Malaysia 1.4
  • Singapore 0.93
  • Taiwan 0.56

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea0.043.5
China0.022.6
Malaysia0.011.4
Singapore0.120.93
Taiwan00.56

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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