Crude Petroleum in Republic of the Congo | The Observatory of Economic Complexity

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Exports In 2023, Republic of the Congo exported $6.71B 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 ($5.18B), Portugal ($317M), India ($249M), Brazil ($230M), and United States ($223M).

The fastest growing export markets for Crude Petroleum of Republic of the Congo between 2022 and 2023 were United Kingdom ($155M), United States ($123M), and Croatia ($78.7M).

Imports In 2022, Republic of the Congo imported $311 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

Jan 2025

Subnational Monthly Trade

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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

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Trade Value

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Growth (%)

Year

EXPORTS (2023)$6.71B

IMPORTS (2022)$311

NET TRADE (2023)$6.71B

In 2023, Republic of the Congo exported $6.71B in Crude Petroleum. The main destinations of Republic of the Congo exports on Crude Petroleum were China ($5.18B), Portugal ($317M), India ($249M), Brazil ($230M), and United States ($223M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

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Exports

Imports

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Republic of the Congo WERE (2022 - 2023):

United Kingdom$155M (1%)

United States$123M (122%)

Croatia$78.7M (1%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Republic of the Congo WERE (2022 - 2023):

India-$671M (-73%)

Portugal-$527M (-62.4%)

Indonesia-$250M (-100%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Republic of the Congo's main exporting competitors in Crude Petroleum were:

Saudi Arabia $181B

United States $125B

Russia $122B

In 2023, Republic of the Congo's main importing competitors in Crude Petroleum were:

China $319B

United States $170B

India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

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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.

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Latest Trends

Subnational Monthly Trade

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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