Refined Petroleum in Australia

EXPORTS (2018): $805M, World Rnk 67 / 198
Flag Rnk 35 / 1197

TOP DESTINATION (2018): $394M, Singapore

FASTEST GROWING MARKET (2017 - 2018): $186M, Singapore

IMPORTS (2018): $18.5B, World Rnk 12 / 221
Flag Rnk 1 / 1204

TOP ORIGIN (2018): $6.24B, Singapore

FASTEST GROWING ORIGIN (2017 - 2018): $2.62B, Singapore

ECONOMIC COMPLEXITY of Australia (2018): -0.093, Rnk 73 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Exports: In 2018, Australia exported $805M in Refined Petroleum, making it the 67th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 35th most exported product in Australia. The main destination of Refined Petroleum exports from Australia are: Singapore ($394M), Japan ($107M), New Zealand ($59.5M), Hong Kong ($47.6M), and Malaysia ($47.5M).

The fastest growing export markets for Refined Petroleum of Australia between 2017 and 2018 were Singapore ($186M), South Korea ($21.6M), and China ($13.7M).

Imports: In 2018, Australia imported $18.5B in Refined Petroleum, becoming the 12th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Australia. Australia imports Refined Petroleum primarily from: Singapore ($6.24B), South Korea ($4.35B), Japan ($2.33B), China ($1.58B), and Malaysia ($1.26B).

The fastest growing import markets in Refined Petroleum for Australia between 2017 and 2018 were Singapore ($2.62B), China ($688M), and Netherlands ($333M).

Value

EXPORTS (2018): $805M

IMPORTS (2018): $18.5B

NET TRADE (2018): -$17.7B

In 2018, Australia exported $805M in Refined Petroleum. The main destinations of Australia exports on Refined Petroleum were Singapore ($394M), Japan ($107M), New Zealand ($59.5M), Hong Kong ($47.6M), and Malaysia ($47.5M).

In 2018, Australia imported $18.5B in Refined Petroleum, mainly from Singapore ($6.24B), South Korea ($4.35B), Japan ($2.33B), China ($1.58B), and Malaysia ($1.26B).

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IN 2018, Australia HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2018, Australia HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Australia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Australia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Australia's main exporting competitors in Refined Petroleum were:

In 2018, Australia's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Australia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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

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