2023
Exports
$99BWorld Rnk 5 / 150
Flag Rnk 1 / 1209
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$2.82BWorld Rnk 42 / 159
Flag Rnk 14 / 1210
2023
ECONOMIC COMPLEXITY of United Arab Emirates
0.15Rnk 54 / 132

About

Exports In 2023, United Arab Emirates exported $99B 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 ($31.8B), China ($25.6B), Thailand ($13.8B), India ($8.55B), and Singapore ($7.25B).

The fastest growing export markets for Crude Petroleum of United Arab Emirates between 2022 and 2023 were Germany ($1.17B), Sri Lanka ($724M), and Italy ($559M).

Imports In 2023, United Arab Emirates imported $2.82B in Crude Petroleum, becoming the 42nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 14th most imported product in United Arab Emirates. United Arab Emirates imports Crude Petroleum primarily from: Qatar ($1.31B), Libya ($1.09B), Russia ($250M), Kazakhstan ($57.1M), and Nigeria ($37.2M).

The fastest growing import markets in Crude Petroleum for United Arab Emirates between 2022 and 2023 were Russia ($250M), Nigeria ($37.2M), and Tunisia ($6.78M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$99B
IMPORTS (2023)$2.82B
NET TRADE (2023)$96.2B

In 2023, United Arab Emirates exported $99B in Crude Petroleum. The main destinations of United Arab Emirates exports on Crude Petroleum were Japan ($31.8B), China ($25.6B), Thailand ($13.8B), India ($8.55B), and Singapore ($7.25B).

In 2023, United Arab Emirates imported $2.82B in Crude Petroleum, mainly from Qatar ($1.31B), Libya ($1.09B), Russia ($250M), Kazakhstan ($57.1M), and Nigeria ($37.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United Arab Emirates WERE (2022 - 2023):
Germany$1.17B (461%)
Sri Lanka$724M (620%)
Italy$559M (249%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United Arab Emirates WERE (2022 - 2023):
South Korea-$9.22B (-100%)
India-$9.12B (-51.6%)
Japan-$6.38B (-16.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, United Arab Emirates's main exporting competitors in Crude Petroleum were:
In 2023, United Arab Emirates's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.78B
TOP IMPORT POTENTIALIraq+ $101M

Crude Petroleum’s highest export potential is India. With an export gap of $1.78B.   Crude Petroleum’s highest import potential is Iraq with an import gap of $101M.

See methodology.

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