HS Icon Crude Petroleum in  Flag Republic of the Congo

2021
Exports | Imports
: $1.71B | $6.42k, World Rnk 35 / 147
Flag Rnk 2 / 764 | World Rnk 130 / 163
Flag Rnk 923 / 1077

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $308M | $4.74k, South Korea |  France

2021
ECONOMIC COMPLEXITY of Republic of the Congo
: -1.02, Rnk 107 / 131

2021
PRODUCT COMPLEXITY IN Crude Petroleum
: -2.38, Rnk 1024 / 1029

Exports In 2021, Republic of the Congo exported $1.71B in Crude Petroleum, making it the 35th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in Republic of the Congo. The main destination of Crude Petroleum exports from Republic of the Congo are: China ($801M), South Korea ($308M), Chinese Taipei ($104M), Singapore ($97.2M), and India ($69.2M).

The fastest growing export markets for Crude Petroleum of Republic of the Congo between 2020 and 2021 were South Korea ($308M), Chinese Taipei ($104M), and Singapore ($73.5M).

Imports In 2021, Republic of the Congo imported $6.42k in Crude Petroleum, becoming the 130th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 923rd most imported product in Republic of the Congo. Republic of the Congo imports Crude Petroleum primarily from: France ($4.74k) and South Africa ($1.69k).

The fastest growing import markets in Crude Petroleum for Republic of the Congo between 2020 and 2021 were France ($4.74k) and South Africa ($1.69k).

Tariffs In 2015, the average tariff for Republic of the Congo in Crude Petroleum was 9.81%. The countries with the highest import tariffs for Crude Petroleum were Angola (Most Favoured Nation duty rate treatment, 10%), Burundi (Most Favoured Nation duty rate treatment, 10%), Benin (Most Favoured Nation duty rate treatment, 10%), Burkina Faso (Most Favoured Nation duty rate treatment, 10%), and Botswana (Most Favoured Nation duty rate treatment, 10%).

Subnational Monthly Trade

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Y-AXIS SCALE

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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

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EXPORTS (2021): $1.71B

IMPORTS (2021): $6.42k

NET TRADE (2021): $1.71B

In 2021, Republic of the Congo exported $1.71B in Crude Petroleum. The main destinations of Republic of the Congo exports on Crude Petroleum were China ($801M), South Korea ($308M), Chinese Taipei ($104M), Singapore ($97.2M), and India ($69.2M).

In 2021, Republic of the Congo imported $6.42k in Crude Petroleum, mainly from France ($4.74k) and South Africa ($1.69k).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Republic of the Congo WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Republic of the Congo WERE (2020 - 2021):

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Market Concentration

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In 2021, Republic of the Congo's main exporting competitors in Crude Petroleum were:

In 2021, Republic of the Congo's main importing competitors in Crude Petroleum were:

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