Indonesia's Oil Import Volume Increased by 14% in 2021

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Viva Budy Kusnandar 17/03/2022 10:00 WIB

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The government consistently imports large quantities of oil from other countries to meet the ever-increasing domestic fuel demand.

Crude Oil and Refined Oil Import Volume (2000-2021)

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Indonesia's Oil Import Volume Increased by 14% in 2021

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Crude Oil and Refined Oil Import Volume (2000-2021)

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The Indonesian government imports significant quantities of oil from other countries to meet the ever-increasing domestic demand for fuel (BBM).

According to data from the Central Bureau of Statistics (BPS), the total volume of national oil imports increased by 14.07% to 42.13 million tons in 2021. The value surged by 79.07% to US$ 25.53 billion.

Specifically, the volume of crude oil imports increased by 31.08% to 13.78 million tons, and refined oil imports (processed oil) rose by 5.47% to 21.93 million tons last year. Meanwhile, the value of crude oil imports jumped by 107.78% to US$ 7.05 billion, and refined oil imports increased by 73.71% to US$ 14.39 billion.

Oil import volume reached its highest level of 45.63 million tons in 2013. However, after that, oil imports showed a downward trend from 2014 to 2020, as seen in the graph.

Indonesia's largest crude oil imports originate from Saudi Arabia (4.42 million tons) and Nigeria (3.91 million tons). The largest refined oil imports come from Singapore (10.25 million tons) and Malaysia (5.17 million tons).

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."