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2022
Exports $8.19BWorld Rnk 25 / 149
Flag Rnk 1 / 652
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalseChina
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $7.1kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2021 - 2022
FASTEST GROWING ORIGINfalsefalse
2022
ECONOMIC COMPLEXITY of Republic of the Congo-1.42Rnk 124 / 133

About

Exports In 2022, Republic of the Congo exported $8.19B in Crude Petroleum, making it the 25th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Republic of the Congo. The main destination of Crude Petroleum exports from Republic of the Congo are: China ($4.42B), India ($2.4B), Brazil ($395M), Indonesia ($215M), and Malaysia ($184M).

The fastest growing export markets for Crude Petroleum of Republic of the Congo between 2021 and 2022 were China ($3.62B), India ($2.33B), and Brazil ($395M).

Imports In 2021, Republic of the Congo imported $7.1k in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Republic of the Congo. Republic of the Congo imports Crude Petroleum primarily from: N/A.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.19B
IMPORTS (2021)$7.1k
NET TRADE (2022)$8.19B

In 2022, Republic of the Congo exported $8.19B in Crude Petroleum. The main destinations of Republic of the Congo exports on Crude Petroleum were China ($4.42B), India ($2.4B), Brazil ($395M), Indonesia ($215M), and Malaysia ($184M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Republic of the Congo WERE (2021 - 2022):
China$3.62B (452%)
India$2.33B (3.37k%)
Brazil$395M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Republic of the Congo WERE (2021 - 2022):
South Korea-$307M (-100%)
Chinese Taipei-$120M (-100%)
Australia-$68.9M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Republic of the Congo's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Republic of the Congo's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $839M
TOP IMPORT POTENTIALNigeria+ $782

Crude Petroleum’s highest export potential is China. With an export gap of $839M.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $782.

See methodology.

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