HS Icon Crude Petroleum in  Flag Singapore

2019
Exports | Imports
: $270M | $22.5B, World Rnk 58 / 135
Flag Rnk 124 / 1197 | World Rnk 12 / 156
Flag Rnk 3 / 1207

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $249M | $734M, Australia |  United States

2019
ECONOMIC COMPLEXITY of Singapore
: 1.78, Rnk 6 / 147

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports In 2019, Singapore exported $270M in Crude Petroleum, making it the 58th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 124th most exported product in Singapore. The main destination of Crude Petroleum exports from Singapore are: Australia ($249M), France ($10.1M), Philippines ($9.68M), Fiji ($765k), and New Zealand ($86k).

The fastest growing export markets for Crude Petroleum of Singapore between 2018 and 2019 were Australia ($249M), France ($10.1M), and Philippines ($9.68M).

Imports In 2019, Singapore imported $22.5B in Crude Petroleum, becoming the 12th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Singapore. Singapore imports Crude Petroleum primarily from: United Arab Emirates ($5.89B), Qatar ($3.84B), Saudi Arabia ($2.62B), United States ($1.56B), and Australia ($1.26B).

The fastest growing import markets in Crude Petroleum for Singapore between 2018 and 2019 were United States ($734M), United Arab Emirates ($732M), and Iraq ($570M).

Historical Data

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EXPORTS (2019): $270M

IMPORTS (2019): $22.5B

NET TRADE (2019): -$22.2B

In 2019, Singapore exported $270M in Crude Petroleum. The main destinations of Singapore exports on Crude Petroleum were Australia ($249M), France ($10.1M), Philippines ($9.68M), Fiji ($765k), and New Zealand ($86k).

In 2019, Singapore imported $22.5B in Crude Petroleum, mainly from United Arab Emirates ($5.89B), Qatar ($3.84B), Saudi Arabia ($2.62B), United States ($1.56B), and Australia ($1.26B).

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IN 2019, Singapore HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, Singapore HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Singapore WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Singapore WERE (2018 - 2019):

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Market Concentration

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In 2019, Singapore's main exporting competitors in Crude Petroleum were:

In 2019, Singapore's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2018, the tariffs for Crude Petroleum in the imports of Singapore were of 0% around the world.