Singapore Oil Consumption

1965 - 2024 | Yearly | Barrel/Day th | BP PLC

Key information about Singapore Oil Consumption

  • Singapore Oil Consumption was reported at 1,491.949 Barrel/Day th in Dec 2024
  • This records an increase from the previous number of 1,407.632 Barrel/Day th for Dec 2023
  • Singapore Oil Consumption data is updated yearly, averaging 578.361 Barrel/Day th from Dec 1965 to 2024, with 60 observations
  • The data reached an all-time high of 1,491.949 Barrel/Day th in 2024 and a record low of 76.500 Barrel/Day th in 1965
  • Singapore 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 Singapore's Oil Consumption from 1965 to 2024 in the chart:

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Singapore Oil Consumption
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Singapore Oil Consumption

What was Singapore's Oil Consumption in 2024?

Singapore Oil Consumption was reported at 1,491.949 Barrel/Day th in Dec 2024 See the table below for more data.

Last Previous Min Max Unit Frequency Range
1,491.949 2024 1,407.632 2023 76.500 1965 1,491.949 2024 Barrel/Day th yearly 1965 - 2024

Oil Consumption by Country Comparison

country/region Last Frequency Range
Algeria (Barrel/Day th) 461.429 2024 yearly 1965 - 2024
Argentina (Barrel/Day th) 604.335 2024 yearly 1965 - 2024
Australia (Barrel/Day th) 1,087.010 2024 yearly 1965 - 2024
Austria (Barrel/Day th) 228.164 2024 yearly 1965 - 2024
Azerbaijan (Barrel/Day th) 128.187 2024 yearly 1985 - 2024
Bangladesh (Barrel/Day th) 264.439 2024 yearly 1971 - 2024
Belarus (Barrel/Day th) 161.888 2024 yearly 1985 - 2024
Belgium (Barrel/Day th) 576.960 2024 yearly 1965 - 2024
Brazil (Barrel/Day th) 2,575.230 2024 yearly 1965 - 2024
Bulgaria (Barrel/Day th) 108.621 2024 yearly 1965 - 2024
Canada (Barrel/Day th) 2,333.199 2024 yearly 1965 - 2024
Chile (Barrel/Day th) 428.135 2024 yearly 1965 - 2024
China (Barrel/Day th) 16,373.508 2024 yearly 1965 - 2024
Colombia (Barrel/Day th) 449.047 2024 yearly 1965 - 2024
Croatia (Barrel/Day th) 81.166 2024 yearly 1990 - 2024
Cyprus (Barrel/Day th) 49.204 2024 yearly 1965 - 2024
Czech Republic (Barrel/Day th) 199.524 2024 yearly 1965 - 2024
Denmark (Barrel/Day th) 157.093 2024 yearly 1965 - 2024
Ecuador (Barrel/Day th) 290.275 2024 yearly 1965 - 2024
Egypt (Barrel/Day th) 781.742 2024 yearly 1965 - 2024
Estonia (Barrel/Day th) 25.931 2024 yearly 1985 - 2024
Finland (Barrel/Day th) 157.129 2024 yearly 1965 - 2024
France (Barrel/Day th) 1,359.665 2024 yearly 1965 - 2024
Germany (Barrel/Day th) 2,051.450 2024 yearly 1965 - 2024
Greece (Barrel/Day th) 298.340 2024 yearly 1965 - 2024
Hong Kong SAR, China (Barrel/Day th) 304.563 2024 yearly 1965 - 2024
Hungary (Barrel/Day th) 170.580 2024 yearly 1965 - 2024
Iceland (Barrel/Day th) 19.590 2024 yearly 1965 - 2024
India (Barrel/Day th) 5,620.537 2024 yearly 1965 - 2024
Indonesia (Barrel/Day th) 1,633.197 2024 yearly 1965 - 2024
Iran (Barrel/Day th) 1,953.251 2024 yearly 1965 - 2024
Iraq (Barrel/Day th) 924.799 2024 yearly 1965 - 2024
Ireland (Barrel/Day th) 148.713 2024 yearly 1965 - 2024
Israel (Barrel/Day th) 206.941 2024 yearly 1965 - 2024
Italy (Barrel/Day th) 1,262.476 2024 yearly 1965 - 2024
Japan (Barrel/Day th) 3,237.857 2024 yearly 1965 - 2024
Kazakhstan (Barrel/Day th) 346.257 2024 yearly 1985 - 2024
South Korea (Barrel/Day th) 2,891.488 2024 yearly 1965 - 2024
Kuwait (Barrel/Day th) 519.165 2024 yearly 1965 - 2024
Latvia (Barrel/Day th) 32.427 2024 yearly 1985 - 2024
Lithuania (Barrel/Day th) 64.087 2024 yearly 1985 - 2024
Luxembourg (Barrel/Day th) 48.152 2024 yearly 1965 - 2024
North Macedonia (Barrel/Day th) 24.487 2024 yearly 1990 - 2024
Malaysia (Barrel/Day th) 934.378 2024 yearly 1965 - 2024
Mexico (Barrel/Day th) 1,853.303 2024 yearly 1965 - 2024
Morocco (Barrel/Day th) 315.808 2024 yearly 1965 - 2024
Netherlands (Barrel/Day th) 784.681 2024 yearly 1965 - 2024
New Zealand (Barrel/Day th) 158.146 2024 yearly 1965 - 2024
Norway (Barrel/Day th) 222.179 2024 yearly 1965 - 2024
Oman (Barrel/Day th) 217.435 2024 yearly 1965 - 2024
Pakistan (Barrel/Day th) 423.803 2024 yearly 1965 - 2024
Peru (Barrel/Day th) 279.589 2024 yearly 1965 - 2024
Philippines (Barrel/Day th) 486.641 2024 yearly 1965 - 2024
Poland (Barrel/Day th) 704.662 2024 yearly 1965 - 2024
Portugal (Barrel/Day th) 213.117 2024 yearly 1965 - 2024
Qatar (Barrel/Day th) 397.280 2024 yearly 1965 - 2024
Romania (Barrel/Day th) 242.204 2024 yearly 1965 - 2024
Russia (Barrel/Day th) 3,846.333 2024 yearly 1985 - 2024
Saudi Arabia (Barrel/Day th) 3,958.601 2024 yearly 1965 - 2024
Singapore (Barrel/Day th) 1,491.949 2024 yearly 1965 - 2024
Slovakia (Barrel/Day th) 85.275 2024 yearly 1965 - 2024
Slovenia (Barrel/Day th) 45.177 2024 yearly 1990 - 2024
South Africa (Barrel/Day th) 466.576 2024 yearly 1965 - 2024
Spain (Barrel/Day th) 1,269.900 2024 yearly 1965 - 2024
Sri Lanka (Barrel/Day th) 115.513 2024 yearly 1965 - 2024
Sweden (Barrel/Day th) 248.680 2024 yearly 1965 - 2024
Switzerland (Barrel/Day th) 188.016 2024 yearly 1965 - 2024
Taiwan (Barrel/Day th) 823.928 2024 yearly 1965 - 2024
Thailand (Barrel/Day th) 1,252.798 2024 yearly 1965 - 2024
Trinidad and Tobago (Barrel/Day th) 33.237 2024 yearly 1965 - 2024
Turkey (Barrel/Day th) 1,162.458 2024 yearly 1965 - 2024
Turkmenistan (Barrel/Day th) 162.412 2024 yearly 1985 - 2024
Ukraine (Barrel/Day th) 205.977 2024 yearly 1985 - 2024
United Arab Emirates (Barrel/Day th) 1,183.303 2024 yearly 1965 - 2024
United Kingdom (Barrel/Day th) 1,325.100 2024 yearly 1965 - 2024
United States (Barrel/Day th) 18,995.005 2024 yearly 1965 - 2024
Uzbekistan (Barrel/Day th) 137.304 2024 yearly 1985 - 2024
Venezuela (Barrel/Day th) 325.104 2024 yearly 1965 - 2024
Vietnam (Barrel/Day th) 706.872 2024 yearly 1965 - 2024

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.2 Sep 2025 quarterly Mar 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) 926.421 Oct 2025 monthly Apr 2011 - Oct 2025
Tax Revenue (USD mn) 4,385.191 Oct 2025 monthly Aug 1987 - Oct 2025
Tax Revenue: % of GDP (%) 16.1 Sep 2025 quarterly Dec 1987 - Sep 2025
National Government Debt (USD mn) 1,010,431.8 Sep 2025 quarterly Mar 1990 - Sep 2025
Government Debt: % of GDP (%) 173.4 Sep 2025 quarterly Mar 1990 - Sep 2025
Forecast: Government Expenditure (SGD bn) 168.350 2031 yearly 1991 - 2031
Forecast: Government Net Debt (SGD bn) 1,657.979 2031 yearly 1991 - 2031
Forecast: Government Revenue (SGD bn) 186.395 2031 yearly 1991 - 2031
Govt Finance: Cash Surplus / Deficit (SGD mn) 1,199.900 Oct 2025 monthly Apr 2011 - Oct 2025
Govt Revenue: Operating (SGD mn) 6,779.200 Oct 2025 monthly Jan 2003 - Oct 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.246 2030 yearly 1980 - 2030
Trade Balance (USD mn) 5,573.4 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports (USD mn) 51,432.0 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports Growth (%) 24.6 Oct 2025 monthly Jan 1977 - Oct 2025
Aluminum: Exports (USD th) 804,810.730 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 8,129,174.836 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 9,478,814.484 2024 yearly 1995 - 2024
Total Imports (USD mn) 45,858.6 Oct 2025 monthly Jan 1964 - Oct 2025
Total Imports Growth (%) 20.3 Oct 2025 monthly Jan 1965 - Oct 2025
Imports: Medicament (USD th) 2,332,947.888 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 3,832,220.692 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4,342.959 Oct 2025 monthly Jan 1976 - Oct 2025
Total Imports from USA (USD mn) 4,406.810 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports to China (USD mn) 5,785.284 Oct 2025 monthly Jan 1975 - Oct 2025
Total Imports from China (USD mn) 5,854.849 Oct 2025 monthly Jan 1975 - Oct 2025
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Export Value Index (2015=100) 130.084 2021 yearly 1980 - 2021
Import Value Index (2015=100) 136.736 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 17,778.9 Sep 2025 quarterly Mar 1995 - Sep 2025
Current Account Balance (USD mn) 26,008.1 Sep 2025 quarterly Mar 1986 - Sep 2025
Current Account Balance: % of GDP (%) 17.7 Sep 2025 quarterly Mar 1986 - Sep 2025
Foreign Direct Investment (USD mn) 35,793.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Direct Investment: % of GDP (%) 24.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Portfolio Investment (USD mn) 3,900.132 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 2.7 Sep 2025 quarterly Mar 1995 - Sep 2025
External Debt (USD mn) 2,340,160.9 Jun 2025 quarterly Jun 2003 - Jun 2025
External Debt: % of GDP (%) 407.1 2024 yearly 2003 - 2024
External Debt: Short Term (USD mn) 1,452,869.6 Jun 2025 quarterly Jun 2003 - Jun 2025
External Debt: Short Term: % of GDP (%) 256.0 2024 yearly 2003 - 2024
Forecast: Current Account Balance (USD bn) 109.808 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 853,984.904 Jun 2025 quarterly Dec 2013 - Jun 2025
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 6,433.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: CA: Goods: Exports (SGD mn) 201,807.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others: Liabilities (SGD mn) 47,377.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Imports (SGD mn) 121,243.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others (SGD mn) 62,851.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 60,759.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: Official Reserves (OR): Net (SGD mn) -11,230.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 10,199.900 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Services: Exports (SGD mn) 136,388.600 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) 8,088.600 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Direct Investment: Assets (SGD mn) 21,890.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Goods: Imports (SGD mn) 153,207.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment (SGD mn) -38,869.000 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Current Account (CA) Balance (SGD mn) 28,814.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 62,901.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Balance (SGD mn) 15,145.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Balance (SGD mn) 48,600.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Financial Account (FA): Net (SGD mn) 39,070.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 95,354.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Secondary Income Balance (SGD mn) -2,478.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others: Assets (SGD mn) 110,229.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance (SGD mn) -32,453.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Net Errors and Omissions (SGD mn) -974.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives (SGD mn) 1,654.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 23,633.100 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: FA: Portfolio Investment (SGD mn) 13,433.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 187,451.200 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,409,972.100 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross (SGD mn) 2,762,551.700 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Short Term (SGD mn) 348,972.000 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Long Term (SGD mn) 313,756.800 Sep 2024 quarterly Jun 2003 - Sep 2024
Direct Investment Abroad: European Union (EU-27) (SGD mn) 234,607.400 2023 yearly 1994 - 2023
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 135,762.400 2023 yearly 1998 - 2023
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,137.600 2023 yearly 1998 - 2023
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,788,363.400 2023 yearly 1998 - 2023
FDI: By Industry: Manufacturing (SGD mn) 279,941.300 2023 yearly 1998 - 2023
Foreign Direct Investment (FDI): Total (SGD mn) 2,843,105.600 2023 yearly 1998 - 2023
FDI: By Country: Netherlands (SGD mn) 81,934.900 2023 yearly 1998 - 2023
FDI: By Country: United Kingdom (SGD mn) 153,599.700 2023 yearly 1998 - 2023
FDI: By Country: Switzerland (SGD mn) 73,934.800 2023 yearly 1998 - 2023
FDI: By Country: Japan (SGD mn) 181,047.100 2023 yearly 1998 - 2023
FDI: By Country: United States (SGD mn) 692,307.300 2023 yearly 1998 - 2023
Business Entities (BE): Formation: Total (Number) 5,718.000 Jan 2025 monthly Jan 1970 - Jan 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 53.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 408,786.384 Oct 2025 monthly Mar 2004 - Oct 2025
Money Supply M2 (USD mn) 1,091,899.504 Oct 2025 monthly Mar 2004 - Oct 2025
M2 Growth (%) 6.4 Oct 2025 monthly Mar 2005 - Oct 2025
Foreign Exchange Reserves (USD mn) 379,412.1 Oct 2025 monthly Apr 2000 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 66.529 Sep 2025 quarterly Jun 2000 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Oct 2025 monthly Apr 2000 - Oct 2025
Gold Reserves (USD mn) 5,034.800 Oct 2025 monthly Apr 2000 - Oct 2025
Total Deposits (USD mn) 1,552,978.712 Oct 2025 monthly Jan 1991 - Oct 2025
Total Deposits Growth (%) 10.1 Oct 2025 monthly Jan 1992 - Oct 2025
Domestic Credit (USD mn) 942,631.6 Oct 2025 monthly Mar 2004 - Oct 2025
Domestic Credit Growth (%) 5.2 Oct 2025 monthly Mar 2005 - Oct 2025
Credit to Households (USD bn) 243.540 Mar 2025 quarterly Mar 1991 - Mar 2025
Credit to Private Non-Financial Sector (USD bn) 941.402 Mar 2025 quarterly Dec 1963 - Mar 2025
Household Debt (USD mn) 307,915.4 Oct 2025 monthly Mar 2004 - Oct 2025
Total Loans (USD mn) 1,034,013.987 Oct 2025 monthly Mar 2004 - Oct 2025
Total Loans Growth (%) 5.45 Oct 2025 monthly Mar 2005 - Oct 2025
Private Debt: % of Nominal GDP (%) 129.14 Sep 2025 quarterly Mar 2004 - Sep 2025
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -1.6 Oct 2025 monthly Jan 2000 - Oct 2025
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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