Sign In
Pricing

Classification 5233 for Standard International Trade Classification (SITC).

2018
World Trade $738BRnk 3 / 237
2018
Top Exporter | Top Importer $130B | $175BRussia | Rest of the world
2017 - 2018
Export Growth (CAGR) 73.5%Rnk 23 / 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 3rd most traded product, with a total trade of $738B. Between 2017 and 2018 the exports of Petroleum, petroleum products and related materials grew by 73.5%, from $426B to $738B. Trade in Petroleum, petroleum products and related materials represent 3.86% of total world trade.

Petroleum, petroleum products and related materials are a part of Mineral fuels, lubricants and related materials. They include Crude petroleum and oils obtained from bituminous minerals, Petroleum products, refined, and Residual petroleum products, n.e.s. and related materials.

Exports In 2018 the top exporters of Petroleum, petroleum products and related materials  were Russia ($130B), United Arab Emirates ($73.4B), Canada ($68.5B), United States ($53.8B), and Kuwait ($51.7B).

Imports In 2018 the top importers of Petroleum, petroleum products and related materials were Rest of the world ($175B), China ($94.9B), United States ($89B), Netherlands ($54.5B), and Italy ($30.9B).

Historical Data

Exporters and Importers

Top Origin (2018)Russia$130B
Top Destination (2018)Rest of the world$175B

In 2018 Petroleum, petroleum products and related materials were the world's 3rd most traded product (out of 237).

In 2018, the top exporters of Petroleum, petroleum products and related materials were Russia ($130B), United Arab Emirates ($73.4B), Canada ($68.5B), United States ($53.8B), and Kuwait ($51.7B).

In 2018, the top importers of Petroleum, petroleum products and related materials were Rest of the world ($175B), China ($94.9B), United States ($89B), Netherlands ($54.5B), and Italy ($30.9B).

Explore Visualizations

Exporters of Petroleum, petroleum products and related materials (2018)
[Click to Select a Country]

Importers of Petroleum, petroleum products and related materials (2018)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2017 -  2018)United Arab Emirates$73.4B
Top Destination Growth (2017 -  2018)Rest of the world$175B

Between 2017 and 2018, the exports of Petroleum, petroleum products and related materials grew the fastest in United Arab Emirates ($73.4B), Kuwait ($51.7B), Russia ($34.5B), Angola ($34.1B), and United States ($30.3B).

Between 2017 and 2018, the fastest growing importers of Petroleum, petroleum products and related materials were Rest of the world ($175B), China ($31.3B), Netherlands ($22.9B), Italy ($12.1B), and Thailand ($9.14B).

Explore Visualizations

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.

Explore Visualizations

Value of Exports in Petroleum, petroleum products and related materials

Net Trade

TOP NET EXPORTER (2018)Russia$129B
TOP NET IMPORTER (2018)Rest of the world$175B

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 Russia ($129B), United Arab Emirates ($71.5B), Canada ($53.4B), Kuwait ($51.7B), and Nigeria ($51.3B).

In 2018, the countries that had a largest trade value in imports than in exports of Petroleum, petroleum products and related materials were Rest of the world ($175B), China ($92.3B), Netherlands ($53.9B), United States ($35.2B), and Italy ($30B).

Net Trade (2018)

Disaggregation

Value
Disaggregation

In 2018, the world most traded Petroleum, petroleum products and related materials, disaggragated by their HS6 level were Crude petroleum and oils obtained from... ($717B) and Residual petroleum products, n.e.s. and related... ($21B)

Subgroup Disaggregation for Petroleum, petroleum products and related materials (2018)
[Click to Select]

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms