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).