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Where does Singapore get its crude oil? Import sources 2024

In 2024, Singapore imported $28.3 billion of crude oil (47.3 million tonnes), 2.2% of the world total. Its main sources were the United Arab Emirates (28%), the United States (26%) and Qatar (11%). Singapore was the world’s 13th-largest importer of crude oil.

Summary

Value
$28.3billion
Tonnes
47.3million tonnes
Share of world total
2.2%
World rank
13th
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
United Arab Emirates7.9Tonnes: 12,593,200USD per tonne: $63128.1%Sea
United States7.3Tonnes: 11,939,211USD per tonne: $61526%Sea
Qatar3.2Tonnes: 5,034,038USD per tonne: $63711.3%Sea
Saudi Arabia2.2Tonnes: 3,538,560USD per tonne: $6217.8%Sea
Brazil1.7Tonnes: 3,102,994USD per tonne: $5546.1%Sea
Australia0.88Tonnes: 2,231,692USD per tonne: $3923.1%Sea
Iraq0.86Tonnes: 1,548,170USD per tonne: $5533%Sea
Kazakhstan0.82Tonnes: 1,602,380USD per tonne: $5112.9%Sea
Angola0.6Tonnes: 1,125,360USD per tonne: $5302.1%Sea
Canada0.41Tonnes: 733,252USD per tonne: $5551.4%Sea
Malaysia0.28Tonnes: 467,858USD per tonne: $5890.97%Sea
Brunei0.24Tonnes: 429,988USD per tonne: $5670.86%Sea
Indonesia0.24Tonnes: 364,914USD per tonne: $6610.85%Sea
Republic of the Congo0.22Tonnes: 357,499USD per tonne: $6200.78%Sea
United Kingdom0.21Tonnes: 391,679USD per tonne: $5370.74%Sea
Guyana0.21Tonnes: 211,139USD per tonne: $9920.74%Sea
Papua New Guinea0.19Tonnes: 293,774USD per tonne: $6610.69%Sea
Vietnam0.09Tonnes: 140,368USD per tonne: $6730.33%Sea
Sudan0.09Tonnes: 150,206USD per tonne: $6150.33%Sea
South Sudan0.09Tonnes: 143,832USD per tonne: $6130.31%Sea

Trend

Who it buys from

The United Arab Emirates has been its main source since 2024

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

  • United Arab Emirates 7.9
  • United States 7.3
  • Qatar 3.2
  • Saudi Arabia 2.2
  • Brazil 1.7

Source: CEPII BACI

Show the numbers
Partner19952024
United Arab Emirates1.17.9
United States07.3
Qatar0.293.2
Saudi Arabia2.72.2
Brazil01.7

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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