# Petroleum Oils And Oils Obtained Fro buyer markets and demand...

China is the largest reported buyer market in this view, with imports of $291.6B.

## Buyer market evidence

| Buyer market | Latest imports | 5-year growth | Suppliers | Leading supplier |
| --- | --- | --- | --- | --- |
| China | $291.6B | +5.2% | 46 | Russia |
| USA | $165.0B | +5.6% | 43 | Canada |
| India | $130.1B | +5.5% | 36 | Russia |
| Republic of Korea | $76.4B | +1.5% | 37 | Saudi Arabia |
| Japan | $63.2B | -4% | 22 | Saudi Arabia |
| Netherlands | $49.2B | -0.2% | 68 | USA |
| Italy | $38.9B | +1.1% | 45 | Kazakhstan |
| Germany | $38.8B | +2.8% | 51 | Norway |
| Spain | $34.4B | +4.1% | 37 | USA |
| United Kingdom | $30.0B | +5.1% | 36 | Norway |
| Thailand | $28.4B | +4.8% | 31 | United Arab Emirates |
| Singapore | $27.1B | +0.7% | 49 | USA |
| France | $26.5B | +2.8% | 41 | USA |
| Taiwan | $24.4B | +0.2% | 13 | Saudi Arabia |
| Belgium | $17.0B | +17.9% | 45 | Netherlands |
| Canada | $16.5B | +1.6% | 35 | USA |
| Poland | $16.2B | +7.5% | 13 | Saudi Arabia |
| Malaysia | $13.4B | +13.2% | 29 | Saudi Arabia |
| Panama | $13.1B | +24.9% | 9 | Ecuador |
| Greece | $12.7B | +4.8% | 19 | Iraq |
| Sweden | $10.5B | +7.7% | 15 | Norway |
| Indonesia | $9.3B | +11.8% | 26 | Nigeria |
| Brazil | $8.3B | +12% | 27 | Saudi Arabia |
| Viet Nam | $7.1B | +13.3% | 10 | Kuwait |
| Turkey | $7.0B | +0.3% | 13 | Russia |
| Portugal | $5.9B | +3.7% | 14 | Brazil |
| Finland | $5.2B | -2.7% | 9 | Norway |
| Pakistan | $5.0B | +0.9% | 7 | Saudi Arabia |
| South Africa | $4.9B | -11.8% | 18 | Nigeria |
| Australia | $4.9B | -10.4% | 19 | Malaysia |
| Lithuania | $4.7B | +7.8% | 10 | Saudi Arabia |
| Chile | $4.7B | +4% | 5 | Argentina |
| Romania | $4.3B | +2.3% | 15 | Kazakhstan |
| Israel | $4.3B | -2.3% | 39 | Gabon |
| Belarus | $4.1B | -9.1% | 10 | Russia |

## Buyer market price evidence

| Buyer market | Year | Trade value | USD per ton |
| --- | --- | --- | --- |
| China | 2023 | $313.0B | $582.68 |
| USA | 2023 | $168.0B | $486.64 |
| India | 2023 | $139.8B | $593.78 |
| Republic of Korea | 2023 | $86.0B | $641.26 |
| Japan | 2023 | $80.4B | $641.55 |
| Netherlands | 2023 | $59.8B | $592.85 |
| Italy | 2023 | $37.3B | $577.54 |
| Spain | 2023 | $35.1B | $578.48 |
| Germany | 2023 | $33.5B | $543.21 |
| United Kingdom | 2023 | $31.7B | $619.56 |
| Thailand | 2023 | $31.3B | $111.63 |
| Singapore | 2023 | $30.2B | $681.27 |
| Other Asia, nes | 2023 | $29.6B | $537.53 |
| France | 2023 | $29.3B | $628.85 |
| Belgium | 2023 | $18.8B | $627.35 |
| Poland | 2023 | $18.1B | $632.53 |
| Canada | 2023 | $16.3B | $603.14 |
| Malaysia | 2023 | $15.3B | $613.81 |
| Greece | 2023 | $13.0B | $571.26 |
| Sweden | 2023 | $11.1B | $642.59 |

_Source: reported merchandise trade data. Updated 2026-08-14._