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Where does Taiwan get its crude oil? Import sources 2024

In 2024, Taiwan imported $28.2 billion of crude oil (53.1 million tonnes), 2.2% of the world total. Its main sources were Saudi Arabia (27%), the United States (25%) and Mexico (16%). Taiwan was the world’s 14th-largest importer of crude oil.

Summary

Value
$28.2billion
Tonnes
53.1million tonnes
Share of world total
2.2%
World rank
14th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 12 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Saudi Arabia7.6Tonnes: 14,399,200USD per tonne: $52526.8%Sea
United States7.1Tonnes: 13,300,669USD per tonne: $53525.2%Sea
Mexico4.4Tonnes: 7,879,609USD per tonne: $55515.5%Sea
Kuwait3.1Tonnes: 5,991,130USD per tonne: $51911%Sea
United Arab Emirates2.4Tonnes: 4,513,400USD per tonne: $5288.5%Sea
Oman1.9Tonnes: 3,733,870USD per tonne: $5176.9%Sea
Qatar1.1Tonnes: 2,185,914USD per tonne: $5244.1%Sea
Iraq0.4Tonnes: 765,869USD per tonne: $5181.4%Sea
Chad0.1Tonnes: 201,260USD per tonne: $5040.36%Sea
Norway0.08Tonnes: 166,897USD per tonne: $5060.3%Sea
Thailand< 0.01Tonnes: 0USD per tonne: $1,0000%Sea
Niger< 0.01Tonnes: 0USD per tonne: $1,5000%Sea

Trend

Who it buys from

Saudi Arabia has been its main source since 2022

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

  • Saudi Arabia 7.6
  • United States 7.1
  • Mexico 4.4
  • Kuwait 3.1
  • United Arab Emirates 2.4

Source: CEPII BACI

Show the numbers
Partner19952024
Saudi Arabia07.6
United States07.1
Mexico04.4
Kuwait03.1
United Arab Emirates02.4

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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