Crude Petroleum in United Arab Emirates | The Observatory of Economic Complexity

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Exports In 2022, United Arab Emirates exported $105B in Crude Petroleum, making it the 6th 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 ($32.9B), China ($17.4B), India ($14.8B), Thailand ($12.9B), and Singapore ($8.22B).

The fastest growing export markets for Crude Petroleum of United Arab Emirates between 2021 and 2022 were Japan ($13.7B), China ($8.57B), and Thailand ($6.95B).

Imports In 2022, United Arab Emirates imported $3.1B in Crude Petroleum, becoming the 42nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 11th most imported product in United Arab Emirates. United Arab Emirates imports Crude Petroleum primarily from: Qatar ($1.41B), Libya ($1.02B), Kazakhstan ($250M), Angola ($106M), and Cote d'Ivoire ($102M).

The fastest growing import markets in Crude Petroleum for United Arab Emirates between 2021 and 2022 were Qatar ($1.01B), Libya ($302M), and Kazakhstan ($182M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from United Arab Emirates to the United States.

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Feb 2024

Subnational Monthly Trade

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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

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Trade Value

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EXPORTS (2022)$105B

IMPORTS (2022)$3.1B

NET TRADE (2022)$102B

In 2022, United Arab Emirates exported $105B in Crude Petroleum. The main destinations of United Arab Emirates exports on Crude Petroleum were Japan ($32.9B), China ($17.4B), India ($14.8B), Thailand ($12.9B), and Singapore ($8.22B).

In 2022, United Arab Emirates imported $3.1B in Crude Petroleum, mainly from Qatar ($1.41B), Libya ($1.02B), Kazakhstan ($250M), Angola ($106M), and Cote d'Ivoire ($102M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United Arab Emirates WERE (2021 - 2022):

Japan$13.7B (71.7%)

China$8.57B (96.9%)

Thailand$6.95B (117%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United Arab Emirates WERE (2021 - 2022):

New Zealand-$991M (-68.6%)

Sri Lanka-$331M (-76.5%)

South Africa-$74.2M (-100%)

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Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, United Arab Emirates's main exporting competitors in Crude Petroleum were:

Saudi Arabia $236B

Russia $133B

Canada $123B

In 2022, United Arab Emirates's main importing competitors in Crude Petroleum were:

China $287B

United States $199B

India $170B

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2022)

Import Origins (2022)

Market Growth

Change in Exports by Market (2021 - 2022)

Market Concentration

Trade Value of Crude Petroleum by Exporters

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