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Classification 5033 for Standard International Trade Classification (SITC).

2018
World Trade $1.4BRnk 196 / 237
2018
Top Exporter | Top Importer $540M | $207MChina | China
2017 - 2018
Export Growth (CAGR) 166%Rnk 14 / 237

About

Overview This page contains the latest trade data of Petroleum, petroleum products and related materials. In 2018, Petroleum, petroleum products and related materials were the world's 196th most traded product, with a total trade of $1.4B. Between 2017 and 2018 the exports of Petroleum, petroleum products and related materials grew by 166%, from $527M to $1.4B. Trade in Petroleum, petroleum products and related materials represent 0.0073% of total world trade.

Petroleum, petroleum products and related materials are a part of Mineral fuels, lubricants and related materials. They include Residual petroleum products, n.e.s. and related materials.

Exports In 2018 the top exporters of Petroleum, petroleum products and related materials  were China ($540M), Belgium ($193M), South Korea ($183M), Japan ($142M), and Canada ($80M).

Imports In 2018 the top importers of Petroleum, petroleum products and related materials were China ($207M), United Arab Emirates ($152M), Canada ($129M), Russia ($112M), and United States ($88.1M).

Historical Data

Exporters and Importers

Top Origin (2018)China$540M
Top Destination (2018)China$207M

In 2018 Petroleum, petroleum products and related materials were the world's 196th most traded product (out of 237).

In 2018, the top exporters of Petroleum, petroleum products and related materials were China ($540M), Belgium ($193M), South Korea ($183M), Japan ($142M), and Canada ($80M).

In 2018, the top importers of Petroleum, petroleum products and related materials were China ($207M), United Arab Emirates ($152M), Canada ($129M), Russia ($112M), and United States ($88.1M).

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Exporters of Petroleum, petroleum products and related materials (2018)
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Importers of Petroleum, petroleum products and related materials (2018)
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Market Dynamics

Color
Top Origin Growth (2017 -  2018)China$365M
Top Destination Growth (2017 -  2018)United Arab Emirates$152M

Between 2017 and 2018, the exports of Petroleum, petroleum products and related materials grew the fastest in China ($365M), Belgium ($177M), South Korea ($123M), Japan ($84.2M), and Rest of the world ($46.8M).

Between 2017 and 2018, the fastest growing importers of Petroleum, petroleum products and related materials were United Arab Emirates ($152M), China ($128M), Canada ($124M), Bahrain ($84.5M), and Netherlands ($57.5M).

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Exporters of Petroleum, petroleum products and related materials (2017 - 2018)

Importers of Petroleum, petroleum products and related materials (2017 - 2018)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Petroleum, petroleum products and related materials.

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Value of Exports in Petroleum, petroleum products and related materials

Net Trade

TOP NET EXPORTER (2018)China$333M
TOP NET IMPORTER (2018)United Arab Emirates$151M

This map shows which countries export or import more of Petroleum, petroleum products and related materials. Each country is colored based on the difference in exports and imports of Petroleum, petroleum products and related materials during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Petroleum, petroleum products and related materials were China ($333M), Belgium ($192M), South Korea ($176M), Japan ($129M), and Ukraine ($56.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Petroleum, petroleum products and related materials were United Arab Emirates ($151M), Russia ($95.5M), United States ($66.7M), Netherlands ($66.1M), and Australia ($55.7M).

Net Trade (2018)

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