Sign In
Pricing

Classification 52 for Standard International Trade Classification (SITC).

2018
World Trade $978BRnk 5 / 35
2018
Top Exporter | Top Importer $137B | $214BRussia | Rest of the world
2017 - 2018
Export Growth (CAGR) 69.3%Rnk 2 / 35

About

Overview This page contains the latest trade data of Oil. In 2018, Oil were the world's 5th most traded product, with a total trade of $978B. Between 2017 and 2018 the exports of Oil grew by 69.3%, from $578B to $978B. Trade in Oil represent 5.12% of total world trade.

Oil include Mineral fuels, lubricants and related materials.

Exports In 2018 the top exporters of Oil  were Russia ($137B), United Arab Emirates ($87.7B), United States ($82B), Canada ($78.6B), and Norway ($68.5B).

Imports In 2018 the top importers of Oil were Rest of the world ($214B), China ($114B), United States ($99.2B), Netherlands ($59.9B), and South Korea ($43.1B).

Historical Data

Exporters and Importers

Top Origin (2018)Russia$137B
Top Destination (2018)Rest of the world$214B

In 2018 Oil were the world's 5th most traded product (out of 35).

In 2018, the top exporters of Oil were Russia ($137B), United Arab Emirates ($87.7B), United States ($82B), Canada ($78.6B), and Norway ($68.5B).

In 2018, the top importers of Oil were Rest of the world ($214B), China ($114B), United States ($99.2B), Netherlands ($59.9B), and South Korea ($43.1B).

Explore Visualizations

Exporters of Oil (2018)
[Click to Select a Country]

Importers of Oil (2018)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2017 -  2018)United Arab Emirates$87.7B
Top Destination Growth (2017 -  2018)Rest of the world$214B

Between 2017 and 2018, the exports of Oil grew the fastest in United Arab Emirates ($87.7B), Qatar ($65.6B), Kuwait ($54.5B), Angola ($35.8B), and United States ($35B).

Between 2017 and 2018, the fastest growing importers of Oil were Rest of the world ($214B), China ($38B), Netherlands ($25.8B), South Korea ($15.1B), and Thailand ($13.2B).

Explore Visualizations

Exporters of Oil (2017 - 2018)

Importers of Oil (2017 - 2018)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Oil.

Explore Visualizations

Value of Exports in Oil

Net Trade

TOP NET EXPORTER (2018)Russia$136B
TOP NET IMPORTER (2018)Rest of the world$213B

This map shows which countries export or import more of Oil. Each country is colored based on the difference in exports and imports of Oil during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Oil were Russia ($136B), United Arab Emirates ($84.7B), Norway ($66.5B), Qatar ($65.6B), and Canada ($61B).

In 2018, the countries that had a largest trade value in imports than in exports of Oil were Rest of the world ($213B), China ($110B), Netherlands ($58B), South Korea ($41.2B), and Japan ($39.9B).

Net Trade (2018)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms