Due to this decline in production and a rapid increase in domestic consumption, Indonesia is now a net importer of oil. Bank of Indonesia reports that as of December 2018, oil and gas exports value amounted to USD 1.3 billion while imports amounted to USD 3 billion.
Which countries are net importers of oil?
Below are the 15 countries that imported the highest dollar value worth of crude oil during 2020.
- China: US$176.3 billion (25.8% of imported crude oil)
- United States: $81.6 billion (12%)
- India: $64.6 billion (9.5%)
- South Korea: $44.5 billion (6.5%)
- Japan: $43.5 billion (6.4%)
- Germany: $27.4 billion (4%)
Who imports oil from Indonesia?
Indonesia Crude Oil: Imports was reported at 216.500 Barrel/Day th in Dec 2019.
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Buy Selected Data.
| country/region | Last |
|---|---|
| Belarus (Barrel/Day th) | 363.000 2019 |
| Belgium (Barrel/Day th) | 696.748 2019 |
| Brazil (Barrel/Day th) | 188.917 2019 |
| Bulgaria (Barrel/Day th) | 141.000 2019 |
Is Indonesia rich in oil?
Oil Reserves in Indonesia
Indonesia holds 3,692,500,000 barrels of proven oil reserves as of 2016, ranking 27th in the world and accounting for about 0.2% of the world’s total oil reserves of 1,650,585,140,000 barrels. Indonesia has proven reserves equivalent to 6.2 times its annual consumption.
Is Malaysia a net importer of crude oil?
“In line with the efforts undertaken by OPEC and non-OPEC countries, Malaysia reiterates our strong commitment to preserve the stability of the global oil market, despite being a small producer and net importer of oil,” minister Mustapa Mohamed told Reuters.
Who is the biggest exporter of oil?
Searchable List of Crude Oil Exporting Countries in 2020
| Rank | Exporter | 2019-20 |
|---|---|---|
| 1. | Saudi Arabia | -32.56% |
| 2. | Russia | -40.2% |
| 3. | Iraq | -38.7% |
| 4. | United States | -23% |
How much oil does Indonesia import?
Due to this decline in production and a rapid increase in domestic consumption, Indonesia is now a net importer of oil. Bank of Indonesia reports that as of December 2018, oil and gas exports value amounted to USD 1.3 billion while imports amounted to USD 3 billion.
What are the major natural resources of Indonesia?
Indonesia abounds with natural resources. It is the world’s largest exporter of steam coal, refined tin and (until the enforcement of the export ban earlier this year) nickel ore. It is also a leading exporter of gold, bauxite, lead, zinc and copper. Its potential in renewable resources is also huge.