HS Icon Refined Petroleum in  Flag Australia

2019
Exports | Imports
: $828M | $16.8B, World Rnk 59 / 214
Flag Rnk 32 / 1209 | World Rnk 12 / 225
Flag Rnk 1 / 1204

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $52.3M | $743M, South Korea |  China

2019
ECONOMIC COMPLEXITY of Australia
: -0.16, Rnk 81 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports In 2019, Australia exported $828M in Refined Petroleum, making it the 59th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 32nd most exported product in Australia. The main destination of Refined Petroleum exports from Australia are: Singapore ($277M), Japan ($137M), Malaysia ($85.3M), New Zealand ($79.6M), and South Korea ($76.9M).

The fastest growing export markets for Refined Petroleum of Australia between 2018 and 2019 were South Korea ($52.3M), Malaysia ($37.5M), and Japan ($29.8M).

Imports In 2019, Australia imported $16.8B 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 ($4.62B), South Korea ($3.05B), Japan ($2.98B), China ($2.33B), and Malaysia ($1.26B).

The fastest growing import markets in Refined Petroleum for Australia between 2018 and 2019 were China ($743M), Japan ($647M), and Chinese Taipei ($415M).

Historical Data

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EXPORTS (2019): $828M

IMPORTS (2019): $16.8B

NET TRADE (2019): -$15.9B

In 2019, Australia exported $828M in Refined Petroleum. The main destinations of Australia exports on Refined Petroleum were Singapore ($277M), Japan ($137M), Malaysia ($85.3M), New Zealand ($79.6M), and South Korea ($76.9M).

In 2019, Australia imported $16.8B in Refined Petroleum, mainly from Singapore ($4.62B), South Korea ($3.05B), Japan ($2.98B), China ($2.33B), and Malaysia ($1.26B).

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IN 2019, Australia HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Australia HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Australia WERE (2018 - 2019):

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

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Market Concentration

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In 2019, Australia's main exporting competitors in Refined Petroleum were:

In 2019, Australia's main importing competitors in Refined Petroleum were:

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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.