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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).

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

Historical Data

Trade Balance

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EXPORTS (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 N/A, Equatorial Guinea imported N/A 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:

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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.

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