HS 270900HS6 product
petroleum oils and oils obtained from bituminous minerals, crude
Global trade in petroleum oils and oils obtained from bituminous minerals, crude during 2023, with the top exporting and importing countries. Sourced from CEPII BACI.
$1.27T
Reported exports (2023)
$1.27T
Reported imports (2023)
50
Exporting countries
Global merchandise trade in petroleum oils and oils obtained from bituminous minerals, crude totaled approximately $1.27 trillion in reported exports during 2023, with 50 countries acting as exporters in CEPII BACI. Saudi Arabia led the field with $180.93 billion in exports — 14.3% of the global market.
This product corresponds to a single HS6 subheading (270900). Numbers are direct CEPII BACI 2023 values. See methodology for caveats around mirror reconciliation and known data limitations, or data sources for the underlying CEPII BACI release.
Top exporters
1
Saudi Arabia
Saudi Arabia$180.93B
14.3%
2
USA
USA$124.16B
9.8%
3
Russian Federation
Russian Federation$121.71B
9.6%
4
Canada
Canada$106.16B
8.4%
5
United Arab Emirates
United Arab Emirates$99.39B
7.8%
6
Iraq
Iraq$92.36B
7.3%
7
Norway
Norway$52.31B
4.1%
8
Nigeria
Nigeria$45.57B
3.6%
9
Brazil
Brazil$43.76B
3.5%
10
Kuwait
Kuwait$35.67B
2.8%
11
Kazakhstan
Kazakhstan$33.87B
2.7%
12
Angola
Angola$33.08B
2.6%
13
Mexico
Mexico$32.19B
2.5%
14
Libya
Libya$31.27B
2.5%
15
Oman
Oman$29.28B
2.3%
16
United Kingdom
United Kingdom$20.60B
1.6%
17
Qatar
Qatar$19.68B
1.6%
18
Netherlands
Netherlands$19.68B
1.6%
19
Azerbaijan
Azerbaijan$16.56B
1.3%
20
Malaysia
Malaysia$16.52B
1.3%
21
Algeria
Algeria$14.14B
1.1%
22
Guyana
Guyana$13.61B
1.1%
23
Colombia
Colombia$12.67B
1.0%
24
Ecuador
Ecuador$12.04B
1.0%
25
Congo
Congo$6.71B
0.5%
Top importers
1
China
China$311.89B
24.5%
2USA
USA$168.38B
13.2%
3
India
India$139.78B
11.0%
4
Japan
Japan$80.29B
6.3%
5Netherlands
Netherlands$62.01B
4.9%
6
Italy
Italy$37.26B
2.9%
7
Spain
Spain$35.49B
2.8%
8
Germany
Germany$34.92B
2.7%
9United Kingdom
United Kingdom$31.35B
2.5%
10
Thailand
Thailand$31.04B
2.4%
11
Singapore
Singapore$30.27B
2.4%
12
Other Asia, nes
Other Asia, nes$29.55B
2.3%
13
France
France$29.09B
2.3%
14
Rep. of Korea
Rep. of Korea$20.61B
1.6%
15
Poland
Poland$18.20B
1.4%
16
Belgium
Belgium$17.69B
1.4%
17Canada
Canada$16.01B
1.3%
18Malaysia
Malaysia$15.37B
1.2%
19
Greece
Greece$12.99B
1.0%
20
Sweden
Sweden$11.01B
0.9%
21
Indonesia
Indonesia$10.37B
0.8%
22
Panama
Panama$9.81B
0.8%
23Brazil
Brazil$9.29B
0.7%
24
Finland
Finland$6.02B
0.5%
25
Portugal
Portugal$5.39B
0.4%