# Of Petroleum Oils Or Of Oils Obtaine buyer markets and demand...

Singapore is the largest reported buyer market in this view, with imports of $312.6M.

## Buyer market evidence

| Buyer market | Latest imports | 5-year growth | Suppliers | Leading supplier |
| --- | --- | --- | --- | --- |
| Singapore | $312.6M | +31.9% | 8 | Indonesia |
| Malaysia | $309.0M | -6.7% | 6 | Indonesia |
| Nauru | $86.7M | +269.4% | 1 | Nigeria |
| Kazakhstan | $71.7M | +16.8% | 3 | Russia |
| Netherlands | $39.5M | -8.8% | 31 | Germany |
| Italy | $35.9M | -1.3% | 16 | USA |
| Belgium | $22.1M | +45.1% | 12 | France |
| Germany | $14.9M | +14.3% | 22 | Poland |
| USA | $13.3M | -10.2% | 10 | Mexico |
| Japan | $12.8M | +67.9% | 7 | Republic of Korea |
| France | $9.5M | -30.5% | 20 | Poland |
| Canada | $8.6M | -0.1% | 3 | USA |
| Spain | $8.0M | +11.4% | 14 | United Kingdom |
| Haiti | $7.6M | +62.9% | 1 | USA |
| Czechia | $7.4M | -4.4% | 5 | Germany |
| India | $6.8M | -49.8% | 9 | United Arab Emirates |
| Hungary | $6.6M | -10.8% | 11 | Romania |
| Poland | $6.5M | +11.2% | 9 | Malaysia |
| Russia | $4.8M | -6.2% | 3 | Japan |
| Guatemala | $2.5M | +60.4% | 8 | Mexico |
| Egypt | $2.2M | -4.4% | 4 | United Kingdom |
| China | $2.1M | -36.7% | 5 | Japan |
| Portugal | $1.9M | -11.7% | 12 | Spain |
| Eritrea | $1.8M | +4.4% | 9 | Djibouti |
| Finland | $1.6M | -13.4% | 5 | Belarus |
| Australia | $1.5M | -1.2% | 4 | Thailand |
| Bosnia and Herzegovina | $1.4M | +653.7% | 5 | Poland |
| United Arab Emirates | $1.3M | +133.1% | 6 | France |
| Slovenia | $1.3M | +26.9% | 6 | Poland |
| Guyana | $1.3M | +293.8% | 2 | Suriname |
| United Kingdom | $1.1M | -22.8% | 10 | Poland |
| Belarus | $902.5K | +44.6% | 4 | Russia |
| Laos | $876.7K | +1.5% | 3 | China |
| Lithuania | $868.6K | +2.5% | 8 | Belarus |
| Serbia | $863.7K | -1.6% | 8 | Poland |

## Buyer market price evidence

| Buyer market | Year | Trade value | USD per ton |
| --- | --- | --- | --- |
| Singapore | 2023 | $490.2M | $518.12 |
| Netherlands | 2023 | $75.9M | $777.67 |
| Italy | 2023 | $51.7M | $616.53 |
| Malaysia | 2023 | $46.4M | $551.68 |
| India | 2023 | $45.4M | $1,302.84 |
| Kazakhstan | 2023 | $43.9M | $205.65 |
| Japan | 2023 | $39.6M | $186.95 |
| China | 2023 | $33.1M | $483.56 |
| Spain | 2023 | $24.6M | $550.55 |
| Poland | 2023 | $18.1M | $1,140.68 |
| Belgium | 2023 | $17.8M | $358.17 |
| France | 2023 | $16.9M | $789.75 |
| Russia | 2023 | $16.9M | $909.07 |
| Czechia | 2023 | $14.4M | $913.67 |
| USA | 2023 | $12.9M | $1,679.32 |
| Germany | 2023 | $11.6M | $734.28 |
| Georgia | 2023 | $11.3M | $402.56 |
| Hungary | 2023 | $10.1M | $583.19 |
| Mexico | 2023 | $8.8M | $845.66 |
| Canada | 2023 | $5.7M | $364.91 |

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