Philippines Oil Consumption

1965 - 2022 | Yearly | Barrel/Day th | BP PLC

Key information about Philippines Oil Consumption

  • Philippines Oil Consumption was reported at 451.000 Barrel/Day th in Dec 2022
  • This records an increase from the previous number of 410.000 Barrel/Day th for Dec 2021
  • Philippines Oil Consumption data is updated yearly, averaging 281.500 Barrel/Day th from Dec 1965 to 2022, with 58 observations
  • The data reached an all-time high of 460.000 Barrel/Day th in 2019 and a record low of 85.000 Barrel/Day th in 1965
  • Philippines Oil Consumption data remains active status in CEIC and is reported by BP PLC
  • The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

View Philippines's Oil Consumption from 1965 to 2022 in the chart:

Philippines Oil Consumption

What was Philippines's Oil Consumption in 2022?

Philippines Oil Consumption was reported at 451.000 Barrel/Day th in Dec 2022 See the table below for more data.

Last Previous Min Max Unit Frequency Range
451.000 2022 410.000 2021 85.000 1965 460.000 2019 Barrel/Day th yearly 1965 - 2022

Oil Consumption by Country Comparison

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Includes Oil Consumption on 79 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Algeria (Barrel/Day th) 439.000 2022 yearly 1965 - 2022
Argentina (Barrel/Day th) 678.000 2022 yearly 1965 - 2022
Australia (Barrel/Day th) 1,008.000 2022 yearly 1965 - 2022
Austria (Barrel/Day th) 232.000 2022 yearly 1965 - 2022
Azerbaijan (Barrel/Day th) 122.000 2022 yearly 1985 - 2022
Bangladesh (Barrel/Day th) 253.000 2022 yearly 1971 - 2022
Belarus (Barrel/Day th) 152.000 2022 yearly 1985 - 2022
Belgium (Barrel/Day th) 563.000 2022 yearly 1965 - 2022
Brazil (Barrel/Day th) 2,512.000 2022 yearly 1965 - 2022
Bulgaria (Barrel/Day th) 109.000 2022 yearly 1965 - 2022
Canada (Barrel/Day th) 2,288.000 2022 yearly 1965 - 2022
Chile (Barrel/Day th) 399.000 2022 yearly 1965 - 2022
China (Barrel/Day th) 14,295.000 2022 yearly 1965 - 2022
Colombia (Barrel/Day th) 478.000 2022 yearly 1965 - 2022
Croatia (Barrel/Day th) 69.000 2022 yearly 1990 - 2022
Cyprus (Barrel/Day th) 48.000 2022 yearly 1965 - 2022
Czech Republic (Barrel/Day th) 204.000 2022 yearly 1965 - 2022
Denmark (Barrel/Day th) 138.000 2022 yearly 1965 - 2022
Ecuador (Barrel/Day th) 264.000 2022 yearly 1965 - 2022
Egypt (Barrel/Day th) 750.000 2022 yearly 1965 - 2022
Estonia (Barrel/Day th) 25.000 2022 yearly 1985 - 2022
Finland (Barrel/Day th) 172.000 2022 yearly 1965 - 2022
France (Barrel/Day th) 1,420.000 2022 yearly 1965 - 2022
Germany (Barrel/Day th) 2,075.000 2022 yearly 1965 - 2022
Greece (Barrel/Day th) 294.000 2022 yearly 1965 - 2022
Hong Kong SAR, China (Barrel/Day th) 219.000 2022 yearly 1965 - 2022
Hungary (Barrel/Day th) 172.000 2022 yearly 1965 - 2022
Iceland (Barrel/Day th) 17.000 2022 yearly 1965 - 2022
India (Barrel/Day th) 5,185.000 2022 yearly 1965 - 2022
Indonesia (Barrel/Day th) 1,585.000 2022 yearly 1965 - 2022
Iran (Barrel/Day th) 1,912.000 2022 yearly 1965 - 2022
Iraq (Barrel/Day th) 772.000 2022 yearly 1965 - 2022
Ireland (Barrel/Day th) 152.000 2022 yearly 1965 - 2022
Israel (Barrel/Day th) 232.000 2022 yearly 1965 - 2022
Italy (Barrel/Day th) 1,222.000 2022 yearly 1965 - 2022
Japan (Barrel/Day th) 3,337.000 2022 yearly 1965 - 2022
Kazakhstan (Barrel/Day th) 422.000 2022 yearly 1985 - 2022
South Korea (Barrel/Day th) 2,858.000 2022 yearly 1965 - 2022
Kuwait (Barrel/Day th) 431.000 2022 yearly 1965 - 2022
Latvia (Barrel/Day th) 36.000 2022 yearly 1985 - 2022
Lithuania (Barrel/Day th) 64.000 2022 yearly 1985 - 2022
Luxembourg (Barrel/Day th) 49.000 2022 yearly 1965 - 2022
North Macedonia (Barrel/Day th) 24.000 2022 yearly 1990 - 2022
Malaysia (Barrel/Day th) 894.000 2022 yearly 1965 - 2022
Mexico (Barrel/Day th) 2,098.000 2022 yearly 1965 - 2022
Morocco (Barrel/Day th) 296.000 2022 yearly 1965 - 2022
Netherlands (Barrel/Day th) 885.000 2022 yearly 1965 - 2022
New Zealand (Barrel/Day th) 148.000 2022 yearly 1965 - 2022
Norway (Barrel/Day th) 192.000 2022 yearly 1965 - 2022
Oman (Barrel/Day th) 226.000 2022 yearly 1965 - 2022
Pakistan (Barrel/Day th) 489.000 2022 yearly 1965 - 2022
Peru (Barrel/Day th) 258.000 2022 yearly 1965 - 2022
Philippines (Barrel/Day th) 451.000 2022 yearly 1965 - 2022
Poland (Barrel/Day th) 724.000 2022 yearly 1965 - 2022
Portugal (Barrel/Day th) 225.000 2022 yearly 1965 - 2022
Qatar (Barrel/Day th) 347.000 2022 yearly 1965 - 2022
Romania (Barrel/Day th) 220.000 2022 yearly 1965 - 2022
Russia (Barrel/Day th) 3,570.000 2022 yearly 1985 - 2022
Saudi Arabia (Barrel/Day th) 3,876.000 2022 yearly 1965 - 2022
Singapore (Barrel/Day th) 1,199.000 2022 yearly 1965 - 2022
Slovakia (Barrel/Day th) 90.000 2022 yearly 1965 - 2022
Slovenia (Barrel/Day th) 54.000 2022 yearly 1990 - 2022
South Africa (Barrel/Day th) 513.000 2022 yearly 1965 - 2022
Spain (Barrel/Day th) 1,268.000 2022 yearly 1965 - 2022
Sri Lanka (Barrel/Day th) 98.000 2022 yearly 1965 - 2022
Sweden (Barrel/Day th) 243.000 2022 yearly 1965 - 2022
Switzerland (Barrel/Day th) 187.000 2022 yearly 1965 - 2022
Taiwan (Barrel/Day th) 909.000 2022 yearly 1965 - 2022
Thailand (Barrel/Day th) 1,277.000 2022 yearly 1965 - 2022
Trinidad and Tobago (Barrel/Day th) 24.000 2022 yearly 1965 - 2022
Turkey (Barrel/Day th) 1,042.000 2022 yearly 1965 - 2022
Turkmenistan (Barrel/Day th) 154.000 2022 yearly 1985 - 2022
Ukraine (Barrel/Day th) 200.000 2022 yearly 1985 - 2022
United Arab Emirates (Barrel/Day th) 1,126.000 2022 yearly 1965 - 2022
United Kingdom (Barrel/Day th) 1,317.000 2022 yearly 1965 - 2022
United States (Barrel/Day th) 19,140.000 2022 yearly 1965 - 2022
Uzbekistan (Barrel/Day th) 111.000 2022 yearly 1985 - 2022
Venezuela (Barrel/Day th) 268.000 2022 yearly 1965 - 2022
Vietnam (Barrel/Day th) 515.000 2022 yearly 1965 - 2022

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Philippines Key Series

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Includes 254 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 Dec 2023 quarterly Dec 1985 - Dec 2023
Consolidated Fiscal Balance (USD mn) -7,213.035 Dec 2023 monthly Jan 1985 - Dec 2023
Tax Revenue (USD mn) 4,436.701 Dec 2023 monthly Jan 1985 - Dec 2023
Tax Revenue: % of GDP (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
National Government Debt (USD mn) 262,539.9 Jan 2024 monthly Jan 1993 - Jan 2024
Government Debt: % of GDP (%) 60.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.200 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.060 2028 yearly 1989 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,013.4 Dec 2023 monthly Jan 1957 - Dec 2023
Total Exports (USD mn) 5,779.0 Dec 2023 monthly Jan 1979 - Dec 2023
Total Exports Growth (%) -0.5 Dec 2023 monthly Jan 1980 - Dec 2023
Aluminum: Exports (USD th) 178,900.107 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 61,685.472 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 11,340.083 2022 yearly 1995 - 2022
Total Imports (USD mn) 9,792.4 Dec 2023 monthly Jan 1979 - Dec 2023
Total Imports Growth (%) -5.1 Dec 2023 monthly Jan 1980 - Dec 2023
Imports: Medicament (USD th) 1,570,518.510 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,269,332.939 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 904.778 Dec 2023 monthly Jan 1978 - Dec 2023
Total Imports from USA (USD mn) 748.887 Dec 2023 monthly Jan 1986 - Dec 2023
Total Exports to China (USD mn) 703.886 Dec 2023 monthly Jan 1984 - Dec 2023
Total Imports from China (USD mn) 2,276.721 Dec 2023 monthly Jan 1986 - Dec 2023
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 177.8 Sep 2023 monthly Jan 2005 - Sep 2023
Current Account Balance (USD mn) -601.3 Sep 2023 monthly Jan 1999 - Sep 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 1,048.1 Nov 2023 monthly Jan 2005 - Nov 2023
Foreign Direct Investment: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment (USD mn) -1,576.162 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -1.5 Sep 2023 quarterly Dec 1980 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -197.7 Sep 2023 quarterly Mar 1996 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,378.485 Sep 2023 quarterly Mar 1977 - Sep 2023
External Debt (USD mn) 118,833.2 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: % of GDP (%) 27.5 2022 yearly 1990 - 2022
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 4.1 2022 yearly 2005 - 2022
Forecast: Current Account Balance (USD bn) -7.439 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -49,982.096 Sep 2023 quarterly Dec 2012 - Sep 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 177.787 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Change in Reserve Assets: Debit (USD mn) -397.936 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 1,048.130 Nov 2023 monthly Jan 2005 - Nov 2023
BoP: CA: Services: Credit: Export (USD mn) 4,058.260 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income (USD mn) 457.461 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -16.679 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Financial Account (FA) (USD mn) -1,363.077 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 226.005 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -808.117 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Capital Account (CA) (USD mn) 6.796 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 83.597 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -450.073 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Debit: Payments (USD mn) 0.603 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services: Debit: Import (USD mn) 2,643.641 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Credit: Receipts (USD mn) 7.399 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -39.989 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Services (USD mn) 1,414.618 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 1,236.205 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods: Credit: Export (USD mn) 5,077.753 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Portfolio Investment (PI) (USD mn) 942.246 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Direct Investment (DI) (USD mn) -244.322 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: Current Account (CA) (USD mn) -601.339 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,770.534 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,368.000 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Import (USD mn) 13,875.885 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Export (USD mn) 13,274.546 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Other Investments (OI) (USD mn) -2,044.322 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1,392.319 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -56.669 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods: Debit: Import (USD mn) 10,238.108 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Secondary Income (USD mn) 2,686.937 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) -1,137.071 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 910.539 Sep 2023 monthly Jan 2005 - Sep 2023
BoP: CA: Goods (USD mn) -5,160.355 Sep 2023 monthly Jan 2005 - Sep 2023
External Debt: Medium and Long Term (USD mn) 101,675.382 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,065.389 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: France (USD mn) 1,202.896 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: Japan (USD mn) 14,804.858 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: USA (USD mn) 3,154.847 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,303.955 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Approved: Information & Communication (PHP mn) 264.464 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Transportation & Storage (PHP mn) 212.208 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Administrative & Support Services (PHP mn) 5,704.132 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Manufacturing (PHP mn) 48,958.266 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Real Estate Activities (PHP mn) 3,011.207 Dec 2023 quarterly Mar 2010 - Dec 2023
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.2 Dec 2023 monthly Mar 2008 - Dec 2023
Household Debt: % of GDP (%) 10.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 119,056.454 Nov 2023 monthly Dec 1988 - Nov 2023
Money Supply M2 (USD mn) 303,753.066 Dec 2023 monthly Dec 1988 - Dec 2023
M2 Growth (%) 7.3 Nov 2023 monthly Dec 1989 - Nov 2023
Reserve Requirement Ratio (%) 9.5 Jan 2024 monthly May 1986 - Jan 2024
Foreign Exchange Reserves (USD mn) 88,440.8 Jan 2024 monthly Jan 1960 - Jan 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 Dec 2023 monthly Jan 1979 - Dec 2023
Gold Reserves (USD mn) 10,299.128 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 342,355.203 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 323,672.0 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 9.6 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 42,353.4 Jun 2023 quarterly Mar 2009 - Jun 2023
Total Loans (USD mn) 228,908.695 Dec 2023 monthly Mar 2008 - Dec 2023
Total Loans Growth (%) 7.75 Dec 2023 monthly Mar 2009 - Dec 2023
Private Debt: % of Nominal GDP (%) 48.11 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3: M2 (PHP mn) 16,273,779.834 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3 (PHP mn) 16,761,935.835 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,587,155.485 Nov 2023 monthly Dec 2001 - Nov 2023
DCS: Domestic Claims (DC) (PHP mn) 17,908,125.383 Nov 2023 monthly Dec 2001 - Nov 2023
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 9.500 Jan 2024 monthly May 1986 - Jan 2024
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,344.770 Jun 2023 quarterly Mar 2009 - Jun 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 12.1 Dec 2023 quarterly Jun 2002 - Dec 2023
Business Outlook: Index: Industry: Current Quarter (Point) 33.185 Dec 2023 quarterly Jun 2001 - Dec 2023
Business Outlook: Index: Services: Current Quarter (Point) 35.462 Dec 2023 quarterly Jun 2001 - Dec 2023
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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