Crude Petroleum in United Arab Emirates

EXPORTS (2018): $58.1B, World Rnk 5 / 120
Flag Rnk 1 / 1195

TOP DESTINATION (2018): $18.2B, Japan

FASTEST GROWING MARKET (2017 - 2018): $7.53B, Thailand

IMPORTS (2018): $3.48B, World Rnk 38 / 148
Flag Rnk 10 / 1203

TOP ORIGIN (2018): $2.07B, Iran

FASTEST GROWING ORIGIN (2017 - 2018): $2.07B, Iran

ECONOMIC COMPLEXITY of United Arab Emirates (2018): 0.26, Rnk 55 / 137

Overview: This page contains the latest trade data of Crude Petroleum in United Arab Emirates.

Exports: In 2018, United Arab Emirates exported $58.1B in Crude Petroleum, making it the 5th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in United Arab Emirates. The main destination of Crude Petroleum exports from United Arab Emirates are: Japan ($18.2B), Thailand ($7.53B), India ($7.06B), China ($5.95B), and Singapore ($5.18B).

The fastest growing export markets for Crude Petroleum of United Arab Emirates between 2017 and 2018 were Thailand ($7.53B), Japan ($4.18B), and China ($2.2B).

Imports: In 2018, United Arab Emirates imported $3.48B in Crude Petroleum, becoming the 38th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 10th most imported product in United Arab Emirates. United Arab Emirates imports Crude Petroleum primarily from: Iran ($2.07B), Angola ($551M), United States ($542M), Australia ($84M), and Pakistan ($59.8M).

The fastest growing import markets in Crude Petroleum for United Arab Emirates between 2017 and 2018 were Iran ($2.07B), Angola ($551M), and United States ($500M).

Tariffs: In 2018, the average tariff for United Arab Emirates in Crude Petroleum was 4.5%. The countries with the highest import tariffs for Crude Petroleum were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Value

EXPORTS (2018): $58.1B

IMPORTS (2018): $3.48B

NET TRADE (2018): $54.6B

In 2018, United Arab Emirates exported $58.1B in Crude Petroleum. The main destinations of United Arab Emirates exports on Crude Petroleum were Japan ($18.2B), Thailand ($7.53B), India ($7.06B), China ($5.95B), and Singapore ($5.18B).

In 2018, United Arab Emirates imported $3.48B in Crude Petroleum, mainly from Iran ($2.07B), Angola ($551M), United States ($542M), Australia ($84M), and Pakistan ($59.8M).

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IN 2018, United Arab Emirates HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • Japan, $18.2B ($18.2B - $0)
  • Thailand, $7.53B ($7.53B - $0)
  • India, $7.06B ($7.06B - $18.3k)

IN 2018, United Arab Emirates HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • Iran, -$2.07B ($0 - $2.07B)
  • Angola, -$551M ($0 - $551M)
  • United States, -$413M ($129M - $542M)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United Arab Emirates WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United Arab Emirates WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, United Arab Emirates's main exporting competitors in Crude Petroleum were:

In 2018, United Arab Emirates's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in United Arab Emirates. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for United Arab Emirates in Crude Petroleum was 4.5%.

The countries with the highest tariffs for Crude Petroleum in United Arab Emirates were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

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