HS 27HS chapter
Mineral fuels and oil
Global trade in mineral fuels and oil during 2023, with the top exporting and importing countries. Sourced from CEPII BACI.
$3.10T
Reported exports (2023)
$3.09T
Reported imports (2023)
50
Exporting countries
Global merchandise trade in mineral fuels and oil totaled approximately $3.10 trillion in reported exports during 2023, with 50 countries acting as exporters in CEPII BACI. USA led the field with $344.44 billion in exports — 11.1% of the global market.
This page aggregates every HS6 product line within HS chapter 27. Country-level numbers reflect the sum of all subcategories that BACI reports. See methodology for caveats around mirror reconciliation and known data limitations, or data sources for the underlying CEPII BACI release.
Top exporters
1
USA
USA$344.44B
11.1%
2
Russian Federation
Russian Federation$241.12B
7.8%
3
Saudi Arabia
Saudi Arabia$225.21B
7.3%
4
United Arab Emirates
United Arab Emirates$164.82B
5.3%
5
Canada
Canada$148.79B
4.8%
6
Australia
Australia$133.49B
4.3%
7
Norway
Norway$131.57B
4.2%
8
Qatar
Qatar$106.02B
3.4%
9
Iraq
Iraq$104.64B
3.4%
10
Netherlands
Netherlands$86.37B
2.8%
11
India
India$81.88B
2.6%
12
Belgium
Belgium$69.15B
2.2%
13
Malaysia
Malaysia$67.35B
2.2%
14
Indonesia
Indonesia$62.88B
2.0%
15
Kuwait
Kuwait$62.60B
2.0%
16
Singapore
Singapore$60.58B
2.0%
17
Brazil
Brazil$55.49B
1.8%
18
Nigeria
Nigeria$54.72B
1.8%
19
Rep. of Korea
Rep. of Korea$50.93B
1.6%
20
Algeria
Algeria$47.33B
1.5%
21
China
China$45.72B
1.5%
22
Oman
Oman$45.03B
1.5%
23
United Kingdom
United Kingdom$43.43B
1.4%
24
Kazakhstan
Kazakhstan$39.14B
1.3%
25
Mexico
Mexico$37.13B
1.2%
Top importers
1China
China$473.35B
15.3%
2USA
USA$247.31B
8.0%
3India
India$221.58B
7.2%
4
Japan
Japan$187.62B
6.1%
5Netherlands
Netherlands$141.13B
4.6%
6
Germany
Germany$116.36B
3.8%
7
Italy
Italy$103.44B
3.3%
8
France
France$102.60B
3.3%
9Singapore
Singapore$94.52B
3.1%
10United Kingdom
United Kingdom$84.24B
2.7%
11Belgium
Belgium$67.76B
2.2%
12Rep. of Korea
Rep. of Korea$66.18B
2.1%
13
Spain
Spain$64.72B
2.1%
14
Other Asia, nes
Other Asia, nes$59.62B
1.9%
15Malaysia
Malaysia$51.30B
1.7%
16
Thailand
Thailand$49.57B
1.6%
17Mexico
Mexico$45.78B
1.5%
18Australia
Australia$42.73B
1.4%
19Indonesia
Indonesia$39.15B
1.3%
20
Türkiye
Türkiye$37.73B
1.2%
21Canada
Canada$37.02B
1.2%
22Brazil
Brazil$35.91B
1.2%
23
Poland
Poland$35.01B
1.1%
24United Arab Emirates
United Arab Emirates$24.15B
0.8%
25
Greece
Greece$24.06B
0.8%