Overview This page contains the latest trade data of Crude Petroleum. In 2022, Crude Petroleum were the world's 1st most traded product, with a total trade of $1.45T. Between 2021 and 2022 the exports of Crude Petroleum grew by 46.1%, from $993B to $1.45T. Trade in Crude Petroleum represent 6.13% of total world trade.
Crude Petroleum are a part of Mineral fuels, mineral oils and products of their distillation. They include Petroleum oils, oils from bituminous minerals, crude.
Exports In 2022 the top exporters of Crude Petroleum were Saudi Arabia ($236B), Russia ($133B), Canada ($123B), United States ($118B), and Iraq ($111B).
Imports In 2022 the top importers of Crude Petroleum were China ($287B), United States ($199B), India ($170B), South Korea ($89.1B), and Japan ($86.7B).
Ranking Crude Petroleum ranks 1025th in the Product Complexity Index (PCI).