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Where does Singapore get its refined petroleum products? Import sources 2024

In 2024, Singapore imported $52.8 billion of refined petroleum products (86.5 million tonnes), 6.1% of the world total. Its main sources were Malaysia (16%), South Korea (9%) and China (9%). Singapore was the world’s 2nd-largest importer of refined petroleum products.

Summary

Value
$52.8billion
Tonnes
86.5million tonnes
Share of world total
6.1%
World rank
2nd
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
Malaysia8.4Tonnes: 14,367,815USD per tonne: $58716%Sea
South Korea4.7Tonnes: 7,129,351USD per tonne: $6548.8%Sea
China4.6Tonnes: 6,863,780USD per tonne: $6768.8%Sea
Russia4Tonnes: 7,405,140USD per tonne: $5447.6%Sea
India3.9Tonnes: 6,400,410USD per tonne: $6147.4%Sea
United Arab Emirates3.3Tonnes: 6,021,070USD per tonne: $5506.3%Sea
Brazil3Tonnes: 6,366,636USD per tonne: $4715.7%Sea
Saudi Arabia2.3Tonnes: 3,417,831USD per tonne: $6634.3%Sea
Indonesia2Tonnes: 3,395,000USD per tonne: $5813.7%Sea
Taiwan1.8Tonnes: 2,822,570USD per tonne: $6513.5%Sea
Thailand1.2Tonnes: 1,728,658USD per tonne: $7202.4%Sea
United States1.2Tonnes: 2,266,911USD per tonne: $5462.3%Sea
Qatar1.2Tonnes: 1,664,781USD per tonne: $7012.2%Sea
Japan1Tonnes: 1,577,481USD per tonne: $6562%Sea
Brunei0.9Tonnes: 1,331,265USD per tonne: $6771.7%Sea
Kuwait0.88Tonnes: 1,396,219USD per tonne: $6311.7%Sea
Netherlands re-exports0.85Tonnes: 1,143,353USD per tonne: $7431.6%Sea
Turkey0.8Tonnes: 1,089,531USD per tonne: $7361.5%Sea
Australia0.65Tonnes: 914,448USD per tonne: $7131.2%Sea
Iraq0.63Tonnes: 1,314,870USD per tonne: $4771.2%Sea

Trend

Who it buys from

Malaysia has been its main source since 2005

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

  • Malaysia 8.4
  • South Korea 4.7
  • China 4.6
  • Russia 4
  • India 3.9

Source: CEPII BACI

Show the numbers
Partner19952024
Malaysia0.518.4
South Korea0.064.7
China0.14.6
Russia0.024
India0.023.9

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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