Overview This page contains the latest trade data of Mineral fuels, mineral oils and products of their distillation. In 2020, Mineral fuels, mineral oils and products of their distillation were the world's 3rd most traded product, with a total trade of $1.49T. Between 2019 and 2020 the exports of Mineral fuels, mineral oils and products of their distillation decreased by -33.6%, from $2.24T to $1.49T. Trade in Mineral fuels, mineral oils and products of their distillation represent 8.88% of total world trade.
Mineral fuels, mineral oils and products of their distillation are a part of Mineral Products. They include Mineral fuels, mineral oils and products of their distillation.
Exports In 2020 the top exporters of Mineral fuels, mineral oils and products of their distillation were Russia ($161B), United States ($158B), Saudi Arabia ($109B), United Arab Emirates ($69.9B), and Canada ($68.5B).
Imports In 2020 the top importers of Mineral fuels, mineral oils and products of their distillation were China ($227B), United States ($119B), India ($102B), Japan ($95.2B), and South Korea ($80.9B).
Tariffs In 2018 the average tariff for Mineral fuels, mineral oils and products of their distillation was 3.67%, making it the 88th lowest tariff using the HS2 product classification.
Ranking Mineral fuels, mineral oils and products of their distillation ranks 96th in the Product Complexity Index (PCI).