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Who buys Taiwan’s refined petroleum products? Export destinations 2024

In 2024, Taiwan exported $9.1 billion of refined petroleum products (13.6 million tonnes), 1.1% of the world total. Its main destinations were Australia (29%), Singapore (20%) and Malaysia (16%). Taiwan was the world’s 24th-largest exporter of refined petroleum products.

Summary

Value
$9.1billion
Tonnes
13.6million tonnes
Share of world total
1.1%
World rank
24th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Australia2.6Tonnes: 4,027,688USD per tonne: $64628.7%Sea
Singapore re-exports1.8Tonnes: 2,822,570USD per tonne: $65120.3%Sea
Malaysia1.4Tonnes: 2,164,826USD per tonne: $66816%Sea
Philippines0.56Tonnes: 763,723USD per tonne: $7296.1%Sea
United States0.42Tonnes: 508,603USD per tonne: $8184.6%Sea
Hong Kong re-exports0.41Tonnes: 688,229USD per tonne: $5984.5%Sea
China0.3Tonnes: 362,794USD per tonne: $8253.3%Sea
Indonesia0.25Tonnes: 327,737USD per tonne: $7722.8%Sea
Oman0.23Tonnes: 418,699USD per tonne: $5582.6%Sea
Bangladesh0.16Tonnes: 298,629USD per tonne: $5461.8%Sea
India0.13Tonnes: 144,181USD per tonne: $8861.4%Sea
Marshall Islands0.12Tonnes: 204,106USD per tonne: $5861.3%Sea
Japan0.12Tonnes: 109,253USD per tonne: $1,0671.3%Sea
South Korea0.09Tonnes: 174,794USD per tonne: $5381%Sea
Vietnam0.07Tonnes: 100,364USD per tonne: $6520.72%Sea
Iraq0.04Tonnes: 75,356USD per tonne: $5530.46%Sea
Timor-Leste0.04Tonnes: 68,323USD per tonne: $6050.46%Sea
Papua New Guinea0.04Tonnes: 59,080USD per tonne: $6000.39%Sea
United Arab Emirates0.04Tonnes: 52,177USD per tonne: $6770.39%Sea
Angola0.03Tonnes: —USD per tonne: —0.38%Sea

Trend

Who it sells to

Australia has been its main destination since 2022

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

  • Australia 2.6
  • Singapore 1.8
  • Malaysia 1.4
  • Philippines 0.56
  • United States 0.42

Source: CEPII BACI

Show the numbers
Partner19952024
Australia< 0.012.6
Singapore0.021.8
Malaysia< 0.011.4
Philippines00.56
United States< 0.010.42

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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