HS Icon Crude Petroleum in  Flag Australia

2020
Exports | Imports
: $2.75B | $4.19B, World Rnk 25 / 132
Flag Rnk 8 / 1205 | World Rnk 21 / 145
Flag Rnk 8 / 1203

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $126M | $82.2M, Thailand |  Singapore

2020
ECONOMIC COMPLEXITY of Australia
: -0.31, Rnk 74 / 127

2020
PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.2, Rnk 1018 / 1029

Exports In 2020, Australia exported $2.75B in Crude Petroleum, making it the 25th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 8th most exported product in Australia. The main destination of Crude Petroleum exports from Australia are: Singapore ($637M), Thailand ($451M), Indonesia ($372M), Malaysia ($355M), and China ($307M).

The fastest growing export markets for Crude Petroleum of Australia between 2019 and 2020 were Thailand ($126M), Brunei ($120M), and India ($27.1M).

Imports In 2020, Australia imported $4.19B in Crude Petroleum, becoming the 21st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 8th most imported product in Australia. Australia imports Crude Petroleum primarily from: Malaysia ($1.29B), United States ($631M), United Arab Emirates ($624M), Singapore ($333M), and Brunei ($212M).

The fastest growing import markets in Crude Petroleum for Australia between 2019 and 2020 were Singapore ($82.2M), Azerbaijan ($32.9M), and Vietnam ($28.2M).

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $2.75B

IMPORTS (2020): $4.19B

NET TRADE (2020): -$1.44B

In 2020, Australia exported $2.75B in Crude Petroleum. The main destinations of Australia exports on Crude Petroleum were Singapore ($637M), Thailand ($451M), Indonesia ($372M), Malaysia ($355M), and China ($307M).

In 2020, Australia imported $4.19B in Crude Petroleum, mainly from Malaysia ($1.29B), United States ($631M), United Arab Emirates ($624M), Singapore ($333M), and Brunei ($212M).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Australia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Australia WERE (2019 - 2020):

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Market Concentration

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In 2020, Australia's main exporting competitors in Crude Petroleum were:

In 2020, Australia's main importing competitors in Crude Petroleum were:

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