2022
Exports
$3.79BWorld Rnk 29 / 149
Flag Rnk 1 / 940
falsefalse China
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$2.23kWorld Rnk 0 / 0
Flag Rnk 0 / 0

About

Exports In 2022, Equatorial Guinea exported $3.79B in Crude Petroleum, making it the 29th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Equatorial Guinea. The main destination of Crude Petroleum exports from Equatorial Guinea are: China ($910M), Spain ($760M), India ($744M), Germany ($303M), and South Korea ($270M).

The fastest growing export markets for Crude Petroleum of Equatorial Guinea between 2021 and 2022 were Germany ($303M), Spain ($269M), and China ($155M).

Imports In 2021, Equatorial Guinea imported $2.23k 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 Equatorial Guinea. Equatorial Guinea 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)$3.79B
IMPORTS (2021)$2.23k
NET TRADE (2022)$3.79B

In 2022, Equatorial Guinea exported $3.79B in Crude Petroleum. The main destinations of Equatorial Guinea exports on Crude Petroleum were China ($910M), Spain ($760M), India ($744M), Germany ($303M), and South Korea ($270M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Equatorial Guinea WERE (2021 - 2022):
Germany$303M (1%)
Spain$269M (54.8%)
China$155M (20.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Equatorial Guinea WERE (2021 - 2022):
Netherlands-$91.1M (-100%)
Singapore-$63.3M (-100%)
Brunei-$41.4M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Equatorial Guinea's main exporting competitors in Crude Petroleum were:
In 2022, Equatorial Guinea's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $548M
TOP IMPORT POTENTIALNigeria+ $821

Crude Petroleum’s highest export potential is China. With an export gap of $548M.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $821.

See methodology.

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