271000 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Oils petroleum, bituminous, distillates, except crude. In 2021, Oils petroleum, bituminous, distillates, except crude were the world's 3rd most traded product, with a total trade of $746B. Between 2020 and 2021 the exports of Oils petroleum, bituminous, distillates, except crude grew by 64.6%, from $454B to $746B. Trade in Oils petroleum, bituminous, distillates, except crude represent 3.55% of total world trade.

Oils petroleum, bituminous, distillates, except crude are a part of Refined Petroleum.

Exports In 2021 the top exporters of Oils petroleum, bituminous, distillates, except crude  were United States ($83.3B), Russia ($81.8B), India ($49B), Netherlands ($45B), and United Arab Emirates ($42.5B).

Imports In 2021 the top importers of Oils petroleum, bituminous, distillates, except crude were United States ($62.8B), Singapore ($50B), Netherlands ($40B), Mexico ($27.3B), and South Korea ($24.3B).

Ranking Oils petroleum, bituminous, distillates, except crude ranks 3827th in the Product Complexity Index (PCI).

Historical Data

Exporters and Importers

Top Origin (2021)United States$83.3B
Top Destination (2021)United States$62.8B

In 2021 Oils petroleum, bituminous, distillates, except crude were the world's 3rd most traded product (out of 4,641).

In 2021, the top exporters of Oils petroleum, bituminous, distillates, except crude were United States ($83.3B), Russia ($81.8B), India ($49B), Netherlands ($45B), and United Arab Emirates ($42.5B).

In 2021, the top importers of Oils petroleum, bituminous, distillates, except crude were United States ($62.8B), Singapore ($50B), Netherlands ($40B), Mexico ($27.3B), and South Korea ($24.3B).

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Exporters of Oils petroleum, bituminous, distillates, except crude (2021)
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Importers of Oils petroleum, bituminous, distillates, except crude (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Russia$33.5B
Top Destination Growth (2020 -  2021)United States$31.9B

Between 2020 and 2021, the exports of Oils petroleum, bituminous, distillates, except crude grew the fastest in Russia ($33.5B), United States ($25.8B), Saudi Arabia ($24.8B), India ($23.7B), and United Arab Emirates ($20.5B).

Between 2020 and 2021, the fastest growing importers of Oils petroleum, bituminous, distillates, except crude were United States ($31.9B), Singapore ($19.7B), Netherlands ($14.6B), South Korea ($11.8B), and Belgium ($9.97B).

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Exporters of Oils petroleum, bituminous, distillates, except crude (2020 - 2021)

Importers of Oils petroleum, bituminous, distillates, except crude (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Oils petroleum, bituminous, distillates, except crude.

In 2021, market concentration measured using Shannon Entropy, was 4.97. This means that most of the exports of Oils petroleum, bituminous, distillates, except crude are explained by 31 countries.

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Value of Exports in Oils petroleum, bituminous, distillates, except crude

Net Trade

TOP NET EXPORTER (2021)Russia$80.2B
TOP NET IMPORTER (2021)Mexico$23.8B

This map shows which countries export or import more of Oils petroleum, bituminous, distillates, except crude. Each country is colored based on the difference in exports and imports of Oils petroleum, bituminous, distillates, except crude during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Oils petroleum, bituminous, distillates, except crude were Russia ($80.2B), India ($38.3B), Saudi Arabia ($28.5B), United Arab Emirates ($25.8B), and United States ($20.5B).

In 2021, the countries that had a largest trade value in imports than in exports of Oils petroleum, bituminous, distillates, except crude were Mexico ($23.8B), Australia ($18.8B), France ($16.7B), Indonesia ($12.6B), and Japan ($10.9B).

Net Trade (2021)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Oils petroleum, bituminous, distillates, except crude.
It is possible to select the main countries that export or import Oils petroleum, bituminous, distillates, except crude in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Oils petroleum, bituminous, distillates, except crude by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2021)

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