HS Icon Refined Petroleum in  Flag Australia

2020
Exports | Imports
: $949M | $10.8B, World Rnk 49 / 212
Flag Rnk 26 / 1205 | World Rnk 11 / 224
Flag Rnk 2 / 1203

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $168M | $626M, Singapore |  India

2020
ECONOMIC COMPLEXITY of Australia
: -0.31, Rnk 74 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Australia exported $949M in Refined Petroleum, making it the 49th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 26th most exported product in Australia. The main destination of Refined Petroleum exports from Australia are: Singapore ($446M), Malaysia ($154M), China ($120M), Japan ($76.8M), and New Zealand ($43.5M).

The fastest growing export markets for Refined Petroleum of Australia between 2019 and 2020 were Singapore ($168M), China ($95.9M), and Malaysia ($69.3M).

Imports In 2020, Australia imported $10.8B in Refined Petroleum, becoming the 11th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Australia. Australia imports Refined Petroleum primarily from: Singapore ($2.82B), South Korea ($1.55B), China ($1.46B), Malaysia ($1.12B), and India ($913M).

The fastest growing import markets in Refined Petroleum for Australia between 2019 and 2020 were India ($626M), Brunei ($564M), and Estonia ($46.5M).

Subnational Monthly Trade

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The following visualization shows the latest trends on Refined 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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Historical Data

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EXPORTS (2020): $949M

IMPORTS (2020): $10.8B

NET TRADE (2020): -$9.89B

In 2020, Australia exported $949M in Refined Petroleum. The main destinations of Australia exports on Refined Petroleum were Singapore ($446M), Malaysia ($154M), China ($120M), Japan ($76.8M), and New Zealand ($43.5M).

In 2020, Australia imported $10.8B in Refined Petroleum, mainly from Singapore ($2.82B), South Korea ($1.55B), China ($1.46B), Malaysia ($1.12B), and India ($913M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Australia WERE (2019 - 2020):

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

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Market Concentration

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In 2020, Australia's main exporting competitors in Refined Petroleum were:

In 2020, Australia's main importing competitors in Refined Petroleum were:

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