2023
Exports
$2.52BWorld Rnk 32 / 150
Flag Rnk 1 / 391
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$16.9kWorld Rnk 119 / 159
Flag Rnk 648 / 895

About

Exports In 2023, Equatorial Guinea exported $2.52B in Crude Petroleum, making it the 32nd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Equatorial Guinea. The main destination of Crude Petroleum exports from Equatorial Guinea are: China ($1.2B), Spain ($394M), Italy ($282M), Germany ($202M), and Indonesia ($161M).

The fastest growing export markets for Crude Petroleum of Equatorial Guinea between 2022 and 2023 were China ($140M), United States ($119M), and Singapore ($47.1M).

Imports In 2023, Equatorial Guinea imported $16.9k in Crude Petroleum, becoming the 119th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 648th most imported product in Equatorial Guinea. Equatorial Guinea imports Crude Petroleum primarily from: Belgium ($16.9k).

The fastest growing import markets in Crude Petroleum for Equatorial Guinea between N/A and 2023 were Belgium ($16.9k).

Latest Trends

Jan 2025

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)$2.52B
IMPORTS (2023)$16.9k
NET TRADE (2023)$2.52B

In 2023, Equatorial Guinea exported $2.52B in Crude Petroleum. The main destinations of Equatorial Guinea exports on Crude Petroleum were China ($1.2B), Spain ($394M), Italy ($282M), Germany ($202M), and Indonesia ($161M).

In 2023, Equatorial Guinea imported $16.9k in Crude Petroleum, mainly from Belgium ($16.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Equatorial Guinea WERE (2022 - 2023):
China$140M (13.2%)
United States$119M (4.29M%)
Singapore$47.1M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Equatorial Guinea WERE (2022 - 2023):
India-$744M (-100%)
Spain-$480M (-54.9%)
South Korea-$315M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Equatorial Guinea's main exporting competitors in Crude Petroleum were:
In 2023, Equatorial Guinea's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $548M
TOP IMPORT POTENTIALNigeria+ $821

Crude Petroleum’s highest export potential is China. With an export gap of $548M.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $821.

See methodology.

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