2023
Exports
$51.8BWorld Rnk 6 / 214
Flag Rnk 2 / 1209
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$17.3BWorld Rnk 18 / 226
Flag Rnk 4 / 1210
2023
ECONOMIC COMPLEXITY of United Arab Emirates
0.15Rnk 54 / 132

About

Exports In 2023, United Arab Emirates exported $51.8B in Refined Petroleum, making it the 6th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in United Arab Emirates. The main destination of Refined Petroleum exports from United Arab Emirates are: Iraq ($3.96B), Saudi Arabia ($3.54B), South Africa ($3.32B), Singapore ($3.28B), and Japan ($3.2B).

The fastest growing export markets for Refined Petroleum of United Arab Emirates between 2022 and 2023 were Saudi Arabia ($1.73B), Germany ($629M), and Mozambique ($541M).

Imports In 2023, United Arab Emirates imported $17.3B in Refined Petroleum, becoming the 18th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in United Arab Emirates. United Arab Emirates imports Refined Petroleum primarily from: Iraq ($4.13B), India ($2.6B), Pakistan ($2.57B), Kuwait ($1.84B), and Saudi Arabia ($1.65B).

The fastest growing import markets in Refined Petroleum for United Arab Emirates between 2022 and 2023 were Iraq ($1.64B), Pakistan ($905M), and Russia ($593M).

Latest Trends

Dec 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 Refined 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 (2023)$51.8B
IMPORTS (2023)$17.3B
NET TRADE (2023)$34.5B

In 2023, United Arab Emirates exported $51.8B in Refined Petroleum. The main destinations of United Arab Emirates exports on Refined Petroleum were Iraq ($3.96B), Saudi Arabia ($3.54B), South Africa ($3.32B), Singapore ($3.28B), and Japan ($3.2B).

In 2023, United Arab Emirates imported $17.3B in Refined Petroleum, mainly from Iraq ($4.13B), India ($2.6B), Pakistan ($2.57B), Kuwait ($1.84B), and Saudi Arabia ($1.65B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR United Arab Emirates WERE (2022 - 2023):
Saudi Arabia$1.73B (96.1%)
Germany$629M (676%)
Mozambique$541M (254%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY United Arab Emirates WERE (2022 - 2023):
South Korea-$4.22B (-90.9%)
Chinese Taipei-$1.95B (-66.8%)
Iraq-$1.33B (-25.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, United Arab Emirates's main exporting competitors in Refined Petroleum were:
In 2023, United Arab Emirates's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.37B
TOP IMPORT POTENTIALSaudi Arabia+ $677M

Refined Petroleum’s highest export potential is China. With an export gap of $1.37B.   Refined Petroleum’s highest import potential is Saudi Arabia with an import gap of $677M.

See methodology.

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