Singapore is the largest supplier of oil products to Indonesia.
These oil products include fuel for vehicles, such as gasoline, diesel, aviation fuel, and various other refined petroleum products.
As for Singapore, it obtains much of its crude oil supply from countries in the Middle East region.
According to Trade Map data, in 2024, Singapore imported 43.51 million tons of crude oil (HS code 2709).
Of this, 22.87 million tons or 53% came from the Middle East, specifically the United Arab Emirates, Qatar, Saudi Arabia, and Iraq.
Here is a list of the 10 largest crude oil suppliers to Singapore in 2024:
- United Arab Emirates: 12.59 million tons (28.9% of Singapore's total crude oil import volume)
- United States: 11.32 million tons (26%)
- Qatar: 5.19 million tons (11.9%)
- Saudi Arabia: 3.54 million tons (8.1%)
- Brazil: 3.12 million tons (7.2%)
- Iraq: 1.55 million tons (3.6%)
- Australia: 1.54 million tons (3.5%)
- Angola: 1.13 million tons (2.6%)
- Malaysia: 0.46 million tons (1.1%)
- Brunei Darussalam: 0.41 million tons (0.9%)
Together, these 10 countries accounted for 94% of the total crude oil imported by Singapore in 2024.