HS Icon Refined Petroleum in  Flag Singapore

2020
Exports | Imports
: $27B | $30.2B, World Rnk 4 / 212
Flag Rnk 2 / 1195 | World Rnk 2 / 224
Flag Rnk 2 / 1209

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $440M | $804M, Saudi Arabia |  Brazil

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

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

Exports In 2020, Singapore exported $27B in Refined Petroleum, making it the 4th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Singapore. The main destination of Refined Petroleum exports from Singapore are: Malaysia ($4.33B), Indonesia ($3.82B), Australia ($2.82B), Burma ($1.69B), and China ($1.39B).

The fastest growing export markets for Refined Petroleum of Singapore between 2019 and 2020 were Saudi Arabia ($440M), Paraguay ($303M), and Ethiopia ($217M).

Imports In 2020, Singapore imported $30.2B in Refined Petroleum, becoming the 2nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Singapore. Singapore imports Refined Petroleum primarily from: Malaysia ($5.63B), China ($4.88B), India ($3.12B), Brazil ($2.24B), and South Korea ($1.91B).

The fastest growing import markets in Refined Petroleum for Singapore between 2019 and 2020 were Brazil ($804M), Brunei ($433M), and Qatar ($321M).

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): $27B

IMPORTS (2020): $30.2B

NET TRADE (2020): -$3.11B

In 2020, Singapore exported $27B in Refined Petroleum. The main destinations of Singapore exports on Refined Petroleum were Malaysia ($4.33B), Indonesia ($3.82B), Australia ($2.82B), Burma ($1.69B), and China ($1.39B).

In 2020, Singapore imported $30.2B in Refined Petroleum, mainly from Malaysia ($5.63B), China ($4.88B), India ($3.12B), Brazil ($2.24B), and South Korea ($1.91B).

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

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

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Market Concentration

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

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

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