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Classification 52333 for Standard International Trade Classification (SITC).

2018
World Trade $717BRnk 3 / 414
2018
Top Exporter | Top Importer $129B | $175BRussia | Rest of the world
2017 - 2018
Export Growth (CAGR) 75.4%Rnk 42 / 414

About

Overview This page contains the latest trade data of Crude petroleum and oils obtained from bituminous minerals. In 2018, Crude petroleum and oils obtained from bituminous minerals were the world's 3rd most traded product, with a total trade of $717B. Between 2017 and 2018 the exports of Crude petroleum and oils obtained from bituminous minerals grew by 75.4%, from $409B to $717B. Trade in Crude petroleum and oils obtained from bituminous minerals represent 3.75% of total world trade.

Crude petroleum and oils obtained from bituminous minerals are a part of Petroleum, petroleum products and related materials. They include Crude Petroleum.

Exports In 2018 the top exporters of Crude petroleum and oils obtained from bituminous minerals  were Russia ($129B), United Arab Emirates ($73.3B), Canada ($67.2B), Kuwait ($51.7B), and Nigeria ($51.4B).

Imports In 2018 the top importers of Crude petroleum and oils obtained from bituminous minerals were Rest of the world ($175B), China ($91.9B), United States ($87.4B), Netherlands ($53.6B), and Italy ($30.7B).

Historical Data

Exporters and Importers

Top Origin (2018)Russia$129B
Top Destination (2018)Rest of the world$175B

In 2018 Crude petroleum and oils obtained from bituminous minerals were the world's 3rd most traded product (out of 414).

In 2018, the top exporters of Crude petroleum and oils obtained from bituminous minerals were Russia ($129B), United Arab Emirates ($73.3B), Canada ($67.2B), Kuwait ($51.7B), and Nigeria ($51.4B).

In 2018, the top importers of Crude petroleum and oils obtained from bituminous minerals were Rest of the world ($175B), China ($91.9B), United States ($87.4B), Netherlands ($53.6B), and Italy ($30.7B).

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Exporters of Crude petroleum and oils obtained from bituminous minerals (2018)
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Importers of Crude petroleum and oils obtained from bituminous minerals (2018)
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Market Dynamics

Color
Top Origin Growth (2017 -  2018)United Arab Emirates$73.3B
Top Destination Growth (2017 -  2018)Rest of the world$175B

Between 2017 and 2018, the exports of Crude petroleum and oils obtained from bituminous minerals grew the fastest in United Arab Emirates ($73.3B), Kuwait ($51.7B), Russia ($34.6B), Angola ($34.1B), and United States ($29.2B).

Between 2017 and 2018, the fastest growing importers of Crude petroleum and oils obtained from bituminous minerals were Rest of the world ($175B), China ($32.2B), Netherlands ($22.5B), Italy ($12B), and Thailand ($9.01B).

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Exporters of Crude petroleum and oils obtained from bituminous minerals (2017 - 2018)

Importers of Crude petroleum and oils obtained from bituminous minerals (2017 - 2018)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Crude petroleum and oils obtained from bituminous minerals.

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Value of Exports in Crude petroleum and oils obtained from bituminous minerals

Net Trade

TOP NET EXPORTER (2018)Russia$129B
TOP NET IMPORTER (2018)China$90.6B

This map shows which countries export or import more of Crude petroleum and oils obtained from bituminous minerals. Each country is colored based on the difference in exports and imports of Crude petroleum and oils obtained from bituminous minerals during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Crude petroleum and oils obtained from bituminous minerals were Russia ($129B), United Arab Emirates ($71.8B), Canada ($52.6B), Kuwait ($51.7B), and Nigeria ($51.4B).

In 2018, the countries that had a largest trade value in imports than in exports of Crude petroleum and oils obtained from bituminous minerals were China ($90.6B), Netherlands ($53.4B), United States ($39.2B), Italy ($30.4B), and India ($25.4B).

Net Trade (2018)

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