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Classification 523330 for Standard International Trade Classification (SITC).

2018
World Trade $717BRnk 3 / 764
2018
Top Exporter | Top Importer $129B | $175BRussia | Rest of the world
2017 - 2018
Export Growth (CAGR) 75.4%Rnk 99 / 764

About

Overview This page contains the latest trade data of Crude Petroleum. In 2018, Crude Petroleum were the world's 3rd most traded product, with a total trade of $717B. Between 2017 and 2018 the exports of Crude Petroleum grew by 75.4%, from $409B to $717B. Trade in Crude Petroleum represent 3.75% of total world trade.

Crude Petroleum are a part of Crude petroleum and oils obtained from bituminous minerals.

Exports In 2018 the top exporters of Crude Petroleum  were Russia ($129B), United Arab Emirates ($73.3B), Canada ($67.2B), Kuwait ($51.7B), and Nigeria ($51.4B).

Imports In 2018 the top importers of Crude Petroleum were Rest of the world ($175B), China ($91.9B), United States ($87.4B), Netherlands ($53.6B), and Italy ($30.7B).

Historical Data

Exporters and Importers

Top Origin (2018)Russia$129B
Top Destination (2018)Rest of the world$175B

In 2018 Crude Petroleum were the world's 3rd most traded product (out of 764).

In 2018, the top exporters of Crude Petroleum were Russia ($129B), United Arab Emirates ($73.3B), Canada ($67.2B), Kuwait ($51.7B), and Nigeria ($51.4B).

In 2018, the top importers of Crude Petroleum were Rest of the world ($175B), China ($91.9B), United States ($87.4B), Netherlands ($53.6B), and Italy ($30.7B).

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Exporters of Crude Petroleum (2018)
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Importers of Crude Petroleum (2018)
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Market Dynamics

Color
Top Origin Growth (2017 -  2018)United Arab Emirates$73.3B
Top Destination Growth (2017 -  2018)Rest of the world$175B

Between 2017 and 2018, the exports of Crude Petroleum grew the fastest in United Arab Emirates ($73.3B), Kuwait ($51.7B), Russia ($34.6B), Angola ($34.1B), and United States ($29.2B).

Between 2017 and 2018, the fastest growing importers of Crude Petroleum were Rest of the world ($175B), China ($32.2B), Netherlands ($22.5B), Italy ($12B), and Thailand ($9.01B).

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Exporters of Crude Petroleum (2017 - 2018)

Importers of Crude Petroleum (2017 - 2018)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Crude Petroleum.

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Value of Exports in Crude Petroleum

Net Trade

TOP NET EXPORTER (2018)Russia$129B
TOP NET IMPORTER (2018)China$90.6B

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

In 2018, the countries that had a largest trade value in exports than in imports of Crude Petroleum were Russia ($129B), United Arab Emirates ($71.8B), Canada ($52.6B), Kuwait ($51.7B), and Nigeria ($51.4B).

In 2018, the countries that had a largest trade value in imports than in exports of Crude Petroleum were China ($90.6B), Netherlands ($53.4B), United States ($39.2B), Italy ($30.4B), and India ($25.4B).

Net Trade (2018)

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