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Net import value of fuel oil to Hong Kong 2009-2019

In 2019, Hong Kong net imported around 21 billion Hong Kong dollars’ worth of fuel oil, which was a drop from the peak of over 35 billion Hong Kong dollars back in 2013.

Oil product imports

  Hong Kong relies heavily on external energy resources to meet its energy demand because of a lack of local fossil resources and alternative energy development. The majority of imported energy commodities are oil products, which accounted for over 76 percent of all commodities imported. Aviation gasoline and kerosene are the oil products with the highest import volume among others, while gas oil, diesel oil and naphtha is the second place holder. Hong Kong imported around one billion liters more of these two types of oil products than fuel oil.

Fuel oil

  Though imported the least, unleaded petrol cost the most of all imported oil products, while fuel oil was the cheapest. Singapore was the leading supplier of the fuel oil import to Hong Kong with an annual import volume of almost five gigaliters in 2019, followed by Malaysia who imported around one gigalitre. Over 99.9 percent of the fuel oil was sold to ship stores in Hong Kong, with the rest sold to non-local users.  

Value of fuel oil net imports to Hong Kong in selected years from 2009 to 2019

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Source

Release date

April 2020

Region

Hong Kong

Survey time period

2009 to 2019

Supplementary notes

Values have been rounded.
Note: 1 Hong Kong dollar equals approximately 0.13 U.S. dollars and 0.11 euros (as of June 2020).

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