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Petroleum coke, petroleum bitumen; other residues of petroleum oils or oils obtained from bituminous minerals

2713 (Harmonized System 1992 for 4-digit)

2023
World Trade $31.1BRnk 141 / 1217
2023
Top Exporter | Top Importer $7.22B | $4.74BUnited States | China
2023
Product Complexity -0.94Rnk 839 / 1044
2022 - 2023
Export Growth (CAGR) -17.9%Rnk 991 / 1217
2023
Share of World Trade 0.14%Rnk 141 / 1217

About

Overview This page contains the latest trade data of Petroleum Coke. In 2023, Petroleum Coke were the world's 141st most traded product, with a total trade of $31.1B. Between 2022 and 2023 the exports of Petroleum Coke decreased by -17.9%, from $37.9B to $31.1B. Trade in Petroleum Coke represent 0.14% of total world trade.

Petroleum Coke are a part of Mineral fuels, mineral oils and products of their distillation. They include Petroleum bitumen, Petroleum coke, not calcined, Petroleum coke, calcined, and Residues of petroleum oils etc. nes.

Exports In 2023 the top exporters of Petroleum Coke  were United States ($7.22B), Canada ($2.43B), Singapore ($1.7B), Iraq ($1.33B), and China ($1.3B).

Imports In 2023 the top importers of Petroleum Coke were China ($4.74B), India ($3.68B), United States ($2.82B), Japan ($989M), and Australia ($917M).

Ranking Petroleum Coke ranks 839th in the Product Complexity Index (PCI).

Description Petroleum coke is a solid, black, porous, high-carbon by-product of the oil refining process. It is used in industrial furnaces for generating heat or electricity. Petroleum bitumen is a thick, tar-like form of petroleum. It is used in paving roads and in roofing. Other residues of petroleum oil or of oil obtained from bituminous minerals are used in a variety of products, including asphalt, roofing materials, lubricants, paints, plastics, and solvents.

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$7.22B
Top Destination (2023)China$4.74B

In 2023 Petroleum Coke were the world's 141st most traded product (out of 1,217).

In 2023, the top exporters of Petroleum Coke were United States ($7.22B), Canada ($2.43B), Singapore ($1.7B), Iraq ($1.33B), and China ($1.3B).

In 2023, the top importers of Petroleum Coke were China ($4.74B), India ($3.68B), United States ($2.82B), Japan ($989M), and Australia ($917M).

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Exporters of Petroleum Coke (2023)
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Importers of Petroleum Coke (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Iraq$438M
Top Destination Growth (2022 -  2023)Singapore$99.6M

Between 2022 and 2023, the exports of Petroleum Coke grew the fastest in Iraq ($438M), Greece ($209M), Austria ($51.7M), Thailand ($51.3M), and Lithuania ($50.6M).

Between 2022 and 2023, the fastest growing importers of Petroleum Coke were Singapore ($99.6M), Cameroon ($72.2M), Indonesia ($66.9M), Switzerland ($61.1M), and Iraq ($54.6M).

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Exporters of Petroleum Coke (2022 - 2023)

Importers of Petroleum Coke (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Petroleum Coke.

In 2023, market concentration measured using Shannon Entropy, was 4.68. This means that most of the exports of Petroleum Coke are explained by 25 countries.

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Value of Exports in Petroleum Coke

Net Trade

TOP NET EXPORTER (2023)United States$4.4B
TOP NET IMPORTER (2023)China$3.45B

This map shows which countries export or import more of Petroleum Coke. Each country is colored based on the difference in exports and imports of Petroleum Coke during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Petroleum Coke were United States ($4.4B), Canada ($1.81B), Iraq ($1.23B), Singapore ($1.14B), and South Korea ($918M).

In 2023, the countries that had a largest trade value in imports than in exports of Petroleum Coke were China ($3.45B), India ($3.43B), Australia ($900M), Japan ($766M), and Mexico ($446M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Petroleum Coke, disaggragated by their HS6 level were Petroleum bitumen ($15.1B), Petroleum coke, not calcined ($10.4B), Petroleum coke, calcined ($4.68B), and Residues of petroleum oils etc. nes ($1.01B)

HS6 Disaggregation for Petroleum Coke (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Petroleum Coke.
It is possible to select the main countries that export or import Petroleum Coke in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Petroleum Coke by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $123M
TOP IMPORT POTENTIALUnited States+ $109M

Petroleum Coke’s highest export potential is United States. With an export gap of $123M.  Petroleum Coke’s highest import potential is United States with an import gap of $109M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Petroleum Coke.

Country by Relatedness

The following visualization shows the relatedness of Petroleum Coke to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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