Overview This page contains the latest trade data of Petroleum, petroleum products and related materials. In 2018, Petroleum, petroleum products and related materials were the world's 3rd most traded product, with a total trade of $738B. Between 2017 and 2018 the exports of Petroleum, petroleum products and related materials grew by 73.5%, from $426B to $738B. Trade in Petroleum, petroleum products and related materials represent 3.86% of total world trade.
Petroleum, petroleum products and related materials are a part of Mineral fuels, lubricants and related materials. They include Crude petroleum and oils obtained from bituminous minerals, Petroleum products, refined, and Residual petroleum products, n.e.s. and related materials.
Exports In 2018 the top exporters of Petroleum, petroleum products and related materials were Russia ($130B), United Arab Emirates ($73.4B), Canada ($68.5B), United States ($53.8B), and Kuwait ($51.7B).
Imports In 2018 the top importers of Petroleum, petroleum products and related materials were Rest of the world ($175B), China ($94.9B), United States ($89B), Netherlands ($54.5B), and Italy ($30.9B).