# Containing Petroleum Oils Or Oils Ob buyer markets and demand...

China is the largest reported buyer market in this view, with imports of $833.7M.

## Buyer market evidence

| Buyer market | Latest imports | 5-year growth | Suppliers | Leading supplier |
| --- | --- | --- | --- | --- |
| China | $833.7M | -2.9% | 35 | Singapore |
| Germany | $692.3M | +4.6% | 48 | France |
| Singapore | $670.9M | +5.8% | 33 | USA |
| Belgium | $566.4M | +3.8% | 32 | France |
| France | $542.1M | +4.7% | 46 | USA |
| USA | $482.1M | +3.6% | 32 | France |
| Republic of Korea | $444.1M | +5.6% | 29 | Singapore |
| United Arab Emirates | $428.6M | +6.4% | 40 | China |
| Italy | $411.1M | +0.3% | 34 | France |
| Japan | $341.3M | -7.3% | 25 | Singapore |
| Netherlands | $311.0M | +3.2% | 46 | France |
| India | $280.2M | +3.1% | 33 | Singapore |
| Brazil | $278.4M | +8.7% | 26 | USA |
| Indonesia | $265.4M | +5.2% | 29 | Singapore |
| Mexico | $263.8M | +17.8% | 38 | USA |
| Canada | $236.8M | +4.3% | 23 | USA |
| Spain | $222.9M | +2% | 34 | France |
| Thailand | $222.8M | +3.9% | 36 | Singapore |
| Turkey | $222.3M | +9.9% | 30 | France |
| United Kingdom | $215.8M | +14.7% | 33 | USA |
| Russia | $205.6M | +0.6% | 10 | China |
| Australia | $165.1M | +2.6% | 26 | Singapore |
| South Africa | $139.0M | +4% | 27 | France |
| Saudi Arabia | $138.6M | +7.6% | 28 | France |
| Egypt | $121.0M | +6.1% | 32 | France |
| Malaysia | $115.2M | +2.8% | 33 | Singapore |
| Argentina | $108.4M | +12.7% | 21 | Brazil |
| Viet Nam | $104.6M | +4.4% | 25 | Singapore |
| Iran | $88.9M | -8.9% | 20 | United Arab Emirates |
| Poland | $75.1M | +11.1% | 37 | France |
| Algeria | $73.6M | +38.1% | 13 | France |
| Taiwan | $71.1M | +11.3% | 26 | Singapore |
| Colombia | $59.9M | +6.8% | 22 | USA |
| Pakistan | $57.4M | +4.9% | 24 | Singapore |
| China, Hong Kong Special Administrative Region | $54.0M | +7.8% | 12 | Singapore |

## Buyer market price evidence

| Buyer market | Year | Trade value | USD per ton |
| --- | --- | --- | --- |
| China | 2023 | $795.4M | $3,982.27 |
| Germany | 2023 | $672.2M | $4,918 |
| Belgium | 2023 | $642.8M | $2,419.21 |
| Singapore | 2023 | $583.8M | $3,405.56 |
| Mexico | 2023 | $561.9M | $4,664.85 |
| France | 2023 | $507.1M | $4,535.87 |
| United Arab Emirates | 2023 | $474.3M | $3,549.03 |
| Republic of Korea | 2023 | $439.0M | $4,654.15 |
| Italy | 2023 | $404.3M | $3,985.02 |
| USA | 2023 | $401.1M | $4,524.31 |
| Japan | 2023 | $394.3M | $4,166.13 |
| Netherlands | 2023 | $308.1M | $4,112.48 |
| Turkey | 2023 | $290.3M | $4,586.87 |
| India | 2023 | $287.7M | $4,716.27 |
| Brazil | 2023 | $259.2M | $3,893.12 |
| Canada | 2023 | $245.6M | $5,722.07 |
| Indonesia | 2023 | $245.2M | $3,820.28 |
| Russia | 2023 | $235.8M | $4,270.08 |
| Spain | 2023 | $231.4M | $4,684.24 |
| Thailand | 2023 | $202.3M | $4,006.28 |

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