Crude Petroleum in Australia 2020 Exports | Imports : $2.75B | $4.19B, World Rnk 25 / 132 Rnk 8 / 1205 | World Rnk 21 / 145 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).
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
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.
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).
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):
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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