Indonesia Imported 15 Million Tons of Crude Oil in 2022: Here Are the Supplying Countries

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Adi Ahdiat 11/05/2023 16:24 WIB

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According to data from the Directorate General of Customs processed by BPS, Indonesia imported 15.26 million tons of crude oil throughout 2022. The largest amount of crude oil imports originated from

Indonesia's Crude Oil Import Volume by Country of Origin (2022)

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Indonesia Imported 15 Million Tons of Crude Oil in 2022: Here Are the Supplying Countries

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Indonesia's Crude Oil Import Volume by Country of Origin (2022)

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Based on data from the Directorate General of Customs processed by Statistics Indonesia (BPS), Indonesia imported approximately 15.26 million tons of crude oil in 2022. This import volume increased by about 10% compared to 2021.

In 2022, Indonesia imported the most crude oil from Nigeria, with a volume of 5.68 million tons. Saudi Arabia was the second largest supplier, with a volume of 4.19 million tons.

Following these were Azerbaijan, Angola, Australia, Gabon, Algeria, the United States, Equatorial Guinea, and Malaysia, with details as shown in the graph.

Throughout 2022, crude oil prices on the global market fluctuated sharply.

According to World Bank data, the average Brent crude oil price in January 2022 was still around USD 85 per barrel. Then, starting in February 2022, the price rose, reaching a record high of USD 120 per barrel in June 2022.

The price then eased starting in July 2022 and is projected to decline until the end of 2023.

"The average Brent crude oil price in 2023 is estimated at USD 84 per barrel, down from 2022's average of almost USD 100 per barrel," the World Bank stated in its April 2023 *Commodity Markets Outlook* report.

Although down, the Brent crude oil price in 2023 is predicted to remain higher than in 2015-2019, when the average price was only USD 57 per barrel.

Editor : Adi Ahdiat

"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."