Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Singapore | Imports and Exports | World | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | Value (US$) and Value Growth, YoY (%) | 2011 - 2022

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27. Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxesSingaporeWorldExportsValue (US$)80,984,664,486.0075,584,895,838.0071,404,702,691.4768,689,443,624.7643,646,591,953.6037,437,934,446.0547,806,745,709.8654,026,759,166.7147,874,524,955.2530,231,843,316.6745,897,221,309.0965,648,865,087.97
Value Growth, YoY (%)42.75-6.66-5.53-3.80-36.45-14.2227.6913.01-11.38-36.8551.8143.03
ImportsValue (US$)119,321,029,725.00123,876,187,784.00116,911,426,812.64113,493,691,013.2464,578,597,155.3951,045,243,300.6572,372,144,564.6487,875,978,262.0775,266,877,960.3349,086,880,201.0075,341,462,776.42105,234,516,245.00
Value Growth, YoY (%)47.023.81-5.62-2.92-43.09-20.9541.7821.42-14.34-34.7853.4839.67

The value of exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" from Singapore totalled $ 65 billion in 2022. Sales of commodity group 27 from Singapore went up by 43% compared to 2021: exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" went up by $ 19.7 billion (cumulative exports of commodity group 27 from Singapore amounted $45 billion in 2021)

Exports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" amounted to 12.7% of total exports from Singapore (cumulative merchandise exports from Singapore totalled $ 514 billion in 2022). The share of commodity group 27 in total exports from Singapore increased by 2.7 p.p. compared to 2021 (it was 10% in 2021 and cumulative exports from Singapore were equal to $ 457 billion).

Where does Singapore export Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes?

Top export destinations of "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" from Singapore in 2022:

  • Malaysia with a share of 20% (13.2 billion US$)
  • Indonesia with a share of 15.5% (10.2 billion US$)
  • Australia with a share of 12.9% (8.48 billion US$)
  • Myanmar with a share of 5.34% (3.51 billion US$)
  • USA with a share of 4.84% (3.18 billion US$)
  • China with a share of 4.46% (2.93 billion US$)
  • Bangladesh with a share of 3.78% (2.48 billion US$)
  • New Zealand with a share of 3.58% (2.35 billion US$)
  • Vietnam with a share of 3.44% (2.25 billion US$)
  • Philippines with a share of 3.36% (2.21 billion US$)

Exports structure of 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes - from Singapore in 2022 represented by the following main commodity groups:

  • 96% (63 billion US$): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 2.3% (1.51 billion US$): 2713 - Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
  • 0.498% (327 million US$): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 0.326% (214 million US$): 2707 - Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents
  • 0.143% (93 million US$): 2712 - Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured
  • 0.042% (27 million US$): 2715 - Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (for example, bituminous mastics, cut-backs)
  • 0.003% (2.37 million US$): 2714 - Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks
  • 0.001% (658 thousand US$): 2716 - Electrical energy. (optional heading)
  • 0% (570 thousand US$): 2705 - Coal gas, water gas, producer gas and similar gases, other than petroleum gases and other gaseous hydrocarbons
  • 0% (277 thousand US$): 2704 - Coke and semi-coke of coal, of lignite or of peat, whether or not agglomerated; retort carbon

The value of imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" to Singapore totalled $ 105 billion in 2022. Sales of commodity group 27 to Singapore went up by 39% compared to 2021: imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" went up by $ 29 billion (the value of imports of commodity group 27 to Singapore was equal to $75 billion in 2021)

Imports of commodity group 27 "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes" accounted for 22% of total import flow to Singapore (in 2022, total imports to Singapore amounted to $ 475 billion). The share of commodity group 27 in total imports to Singapore increased by 3.59 p.p. compared to 2021 (it was 18.5% in 2021 and cumulative imports to Singapore were equal to $ 406 billion).

Where does Singapore import Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes from?

Top trading partners (import of "Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes") of Singapore in 2022:

  • Malaysia with a share of 15.3% (16.1 billion US$)
  • United Arab Emirates with a share of 13.4% (14.1 billion US$)
  • USA with a share of 9.41% (9.91 billion US$)
  • China with a share of 7.15% (7.52 billion US$)
  • Korea with a share of 6.46% (6.8 billion US$)
  • Brazil with a share of 6.15% (6.47 billion US$)
  • Saudi Arabia with a share of 5.59% (5.88 billion US$)
  • Qatar with a share of 4.57% (4.81 billion US$)
  • Indonesia with a share of 4.53% (4.77 billion US$)
  • Australia with a share of 4.08% (4.29 billion US$)

Imports structure of 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes - to Singapore in 2022 represented by the following main commodity groups:

  • 59% (62 billion US$): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 32% (34 billion US$): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 7.33% (7.71 billion US$): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 0.809% (851 million US$): 2707 - Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents
  • 0.11% (116 million US$): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 0.022% (23 million US$): 2716 - Electrical energy. (optional heading)
  • 0.008% (8.68 million US$): 2712 - Petroleum jelly; paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured
  • 0.004% (4.55 million US$): 2713 - Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
  • 0.002% (2.72 million US$): 2715 - Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (for example, bituminous mastics, cut-backs)
  • 0.002% (2.68 million US$): 2714 - Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks

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Singapore | Imports and Exports | World | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | Value (US$) and Value Growth, YoY (%) | 2011 - 2022