HS Icon Crude Petroleum in  Flag Singapore

2018
Exports | Imports
: $333M | $13B, World Rnk 52 / 132
Flag Rnk 106 / 1195 | World Rnk 13 / 145
Flag Rnk 4 / 1209

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $82.2M | $345M, Australia |  Brazil

2020
ECONOMIC COMPLEXITY of Singapore
: 1.84, Rnk 6 / 127

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

Exports In 2018, Singapore exported $333M in Crude Petroleum, making it the 52nd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 106th most exported product in Singapore. The main destination of Crude Petroleum exports from Singapore are: Australia ($333M), New Zealand ($38.4k), Malaysia ($2.1k), Seychelles ($1.19k), and United States ($1.05k).

The fastest growing export markets for Crude Petroleum of Singapore between 2019 and 2020 were Australia ($82.2M), Seychelles ($1.19k), and Thailand ($794).

Imports In 2020, Singapore imported $13B in Crude Petroleum, becoming the 13th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Singapore. Singapore imports Crude Petroleum primarily from: United Arab Emirates ($3.02B), Qatar ($1.89B), Saudi Arabia ($1.32B), United States ($1.29B), and Kuwait ($933M).

The fastest growing import markets in Crude Petroleum for Singapore between 2019 and 2020 were Brazil ($345M), Guyana ($126M), and Nigeria ($74.3M).

Subnational Monthly Trade

#permalink to section
View
Flow
Y-AXIS SCALE

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.

Explore Latest Trends

Historical Data

#permalink to section
Value
Compare to

EXPORTS (2020): $333M

IMPORTS (2020): $13B

NET TRADE (2020): -$12.7B

In 2020, Singapore exported $333M in Crude Petroleum. The main destinations of Singapore exports on Crude Petroleum were Australia ($333M), New Zealand ($38.4k), Malaysia ($2.1k), Seychelles ($1.19k), and United States ($1.05k).

In 2020, Singapore imported $13B in Crude Petroleum, mainly from United Arab Emirates ($3.02B), Qatar ($1.89B), Saudi Arabia ($1.32B), United States ($1.29B), and Kuwait ($933M).

Explore Visualizations

Flow

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

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

Explore Visualizations

Market Concentration

#permalink to section
View
Flow
Type

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

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

Explore Visualizations