Singapore Imports Crude Petroleum Oil – Singapore Import Data

26 October 2020
Singapore Import Data

Crude oil imports into Singapore valued USD 24,224 million in 2019, a drop of about USD 4,000 million as compared to the previous year. Singapore imported about 48,754,474 tons of crude petroleum in last year. According to Singapore import data of crude oil, Singapore imported crude oil the most from United Arab Emirates, which shared about 27.3% value to total imports in 2019. Check more facts and figures about Singapore import market of crude oil and analyze Singapore import statistics of crude oil.


Singapore Crude Petroleum Oil Imports 2010-2019


If we import value of crude oil imported by Singapore recorded in the last 10 years, we found that crude oil imports rose from 2010 to 2012. Thereafter, the country registered a sharp decline in the value till 2016. Year 2017 & 2018 saw a rise in value of crude oil imports, while year 2019 saw a decline in value of crude oil imports into Singapore. Below given chart and table shows dollar amount of Singapore crude petroleum oil imports from 2010 to 2019.


Year

Value USD Million

2010

24,067

2011

33,584

2012

39,879

2013

35,538

2014

34,326

2015

18,204

2016

15,060

2017

21,405

2018

27,968

2019

24,224

 


Quantity of Crude Oil Imported by Singapore 2010-2019


In quantity terms, Singapore imported the highest quantity of crude oil in 2017 and lowest quantity in 2010. Below given chart and table shows quantity of crude oil imported by Singapore in the last 10 years.


Year

Quantity (Tons)

2010

41,246,708

2011

42,102,177

2012

46,920,194

2013

43,654,896

2014

43,866,349

2015

44,742,049

2016

48,050,870

2017

52,689,505

2018

51,347,519

2019

48,754,474

 


Singapore’s Top 10 Import Partners of Crude Petroleum Oil 2019


As per Singapore customs data of crude oil, Singapore imported crude oil the most from United Arab Emirates, which shared 27.3% to total imports in 2019. Other top import partners of crude oil were Qatar, Saudi Arabia, Australia, Kuwait, Iraq, Malaysia, United States, Russia and Libya. Singapore’s top 10 import partners of crude oil accounted 87.1% to overall value of shipments recorded in 2019. Check percentage share of these countries from the chart and table given below.


Country

Value USD %

United Arab Emirates

27.3

Qatar

18.2

Saudi Arabia

12.2

Australia

5.9

Kuwait

5.5

Iraq

5.1

Malaysia

4.5

United States

3.9

Russia

2.9

Libya

1.6

 


Singapore was 12th largest importer country of crude oil in 2019, which shared 2.3% value to total imports. Get all the latest updates on Singapore import market of crude petroleum oil and other traded products right here. Also, access market intelligence information on Singapore import companies of crude oil and Singapore trade data.


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