Crude Petroleum in Singapore | The Observatory of Economic Complexity

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Exports In 2022, Singapore exported $96.6M in Crude Petroleum, making it the 74th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 229th most exported product in Singapore. The main destination of Crude Petroleum exports from Singapore are: China ($90.7M), Malaysia ($5.73M), United States ($118k), Mexico ($12.5k), and Canada ($9.26k).

The fastest growing export markets for Crude Petroleum of Singapore between 2021 and 2022 were China ($90.7M), United States ($118k), and Mexico ($12.5k).

Imports In 2022, Singapore imported $32.6B in Crude Petroleum, becoming the 13th 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 States ($9.57B), United Arab Emirates ($8.22B), Saudi Arabia ($3.51B), Qatar ($2.82B), and Kazakhstan ($1.81B).

The fastest growing import markets in Crude Petroleum for Singapore between 2021 and 2022 were United States ($6.58B), United Arab Emirates ($2.09B), and Saudi Arabia ($1.41B).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Singapore to the United States.

Feb 2024

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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.

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Year

EXPORTS (2022)$96.6M

IMPORTS (2022)$32.6B

NET TRADE (2022)-$32.5B

In 2022, Singapore exported $96.6M in Crude Petroleum. The main destinations of Singapore exports on Crude Petroleum were China ($90.7M), Malaysia ($5.73M), United States ($118k), Mexico ($12.5k), and Canada ($9.26k).

In 2022, Singapore imported $32.6B in Crude Petroleum, mainly from United States ($9.57B), United Arab Emirates ($8.22B), Saudi Arabia ($3.51B), Qatar ($2.82B), and Kazakhstan ($1.81B).