[:en]Crude Oil Exports by Nation 2019[:]

[:en]Crude Oil Exports by Nation 2019[:]

[:en]

Oil rig

Amounting to five% of the worldwide worth of all export merchandise, international crude oil shipments totaled an estimated US$1.004 trillion for 2019. That greenback determine displays a 30.9% improve since 2015 and a 5.4% uptick from 2018 to 2019.

Crude oil was the world’s primary export product in 2019, outpacing exports of vehicles in second place. Digital built-in circuits ranked because the third-most precious exported commodity on the planet forward of refined petroleum oils.

As a bunch, Center Japanese nations bought an estimated $383.6 billion value of worldwide exported crude oil or 38.2% of worldwide gross sales for all commodities throughout 2019.

Geographically, $443.1 billion value of unprocessed petroleum oil got here from nations in Asia (44.1%). Suppliers in Europe equipped 19% of the general whole, adopted by North America at 15.5% and African nations at 14.5%. Smaller percentages got here from Latin America (6.1%) excluding Mexico however together with the Caribbean, then Oceania (0.8%) led by Australia.

For analysis functions, the 4-digit Harmonized Tariff System code prefix for crude oil is 2709.

Nations

Beneath are the 15 nations that exported the best greenback worth value of crude oil throughout 2019.

  1. Saudi Arabia: US$133.6 billion (13.3% of exported crude oil)
  2. Russia: $121.4 billion (12.1%)
  3. Iraq: $83.3 billion (8.3%)
  4. Canada: $68.1 billion (6.8%)
  5. United Arab Emirates: $66.1 billion (6.6%)
  6. United States: $65.3 billion (6.5%)
  7. Kuwait: $42 billion (4.2%)
  8. Nigeria: $41 billion (4.1%)
  9. Kazakhstan: $33.6 billion (3.3%)
  10. Angola: $32.3 billion (3.2%)
  11. Norway: $28.8 billion (2.9%)
  12. Libya: $24.8 billion (2.5%)
  13. Brazil: $24 billion (2.4%)
  14. United Kingdom: $23.7 billion (2.4%)
  15. Mexico: $22.6 billion (2.2%)

By worth, the listed 15 nations shipped 86.7% of worldwide exported crude oil in 2019.

Among the many high exporters, the fastest-growing exporters of crude oil since 2015 had been: United States (up 640.5%), Libya (up 267.9%), United Arab Emirates (up 109.4%) and Brazil (up 103.7%).

Angola is the only real main provider to publish a drop in its worldwide gross sales of crude oil due to a -26.4% discount over the 5-year interval.

Please word that the revealed statistics for Saudi Arabia are strictly estimates, given constraints on supply knowledge from that jurisdiction.

Benefits

The next nations posted the best constructive internet exports for crude oil throughout 2019. Investopedia defines internet exports as the worth of a rustic’s whole exports minus the worth of its whole imports. Thus, the statistics under current the excess between the worth of every nation’s crude oil exports and its import purchases for that very same commodity.

  1. Russia: US$121.4 billion (internet export surplus up 42% since 2015)
  2. Iraq: $83.3 billion (up 56.6%)
  3. United Arab Emirates: $64.8 billion (up 105.6%)
  4. Canada: $53.8 billion (up 44.9%)
  5. Kuwait: $42 billion (up 22.9%)
  6. Nigeria: $41 billion (up 19.3%)
  7. Kazakhstan: $33.6 billion (up 25.4%)
  8. Angola: $32.3 billion (down -21.6%)
  9. Norway: $27.3 billion (up 9%)
  10. Libya: $24.8 billion (up 267.9%)
  11. Mexico: $22.5 billion (up 20.3%)
  12. Oman: $19.9 billion (up 14%)
  13. Brazil: $19.4 billion (up 339.7%)
  14. Qatar: $18.3 billion (up 72.5%)
  15. Algeria: $14.8 billion (up 24.4%)

Resulting from lack of credible knowledge, Saudi Arabia has been omitted from the above record. Primarily based on that methodology, the Russian Federation generated the best surplus within the worldwide commerce of crude oil in 2019. In flip, this constructive cashflow confirms Russia’s robust aggressive benefit for this particular product class.

Alternatives

The next nations posted the best detrimental internet exports for crude oil throughout 2019. Investopedia defines internet exports as the worth of a rustic’s whole exports minus the worth of its whole imports. Thus, the statistics under current the deficit between the worth of every nation’s crude oil import purchases and its exports for that very same commodity.

  1. China: -US$238.3 billion (internet export deficit up 79.5% since 2015)
  2. India: -$102.3 billion (up 41.4%)
  3. Japan: -$73.1 billion (up 8.5%)
  4. South Korea: -$70.2 billion (up 27.3%)
  5. United States: -$67 billion (down -45.8%)
  6. Germany: -$40.7 billion (up 11.5%)
  7. Netherlands: -$33.2 billion (up 24.8%)
  8. Spain: -$29.8 billion (up 25.5%)
  9. Italy: -$29.6 billion (up 25.9%)
  10. France: -$24.4 billion (up 7.1%)
  11. Singapore: -$24.2 billion (up 33.2%)
  12. Thailand: -$21.6 billion (up 11.8%)
  13. Taiwan: -$21.3 billion (up 32.7%)
  14. Belgium: -$18 billion (up 35.2%)
  15. Poland: -$11.9 billion (up 21.4%)

The Individuals’s Republic of China incurred the best quantity of crimson ink buying and selling crude oil on worldwide markets in 2019. That detrimental cashflow highlights China’s robust aggressive drawback for this particular product class. The opposite aspect of the coin is that these deficits sign alternatives for crude oil-supplying nations that assist fulfill the highly effective demand, and in addition for entrepreneurs who develop various vitality sources that may energy industrial economies.

Corporations

Primarily based on the Forbes International 2000 rankings, the next oil and gasoline firms are among the many high 100 largest firms on the planet.

  • Exxon Mobil (United States)
  • PetroChina (China)
  • Royal Dutch Shell (Netherlands)
  • BP (United Kingdom)
  • Chevron (United States)
  • Gazprom (Russia)
  • Complete (France)
  • Sinopec-China Petroleum (China)
  • Petrobras (Brazil)
  • Rosneft (Russia)
  • Eni (Italy)
  • Statoil (Norway)
  • ConocoPhillips (United States)
  • LukOil (Russia)

The above firms are introduced in the identical order as they seem in Forbes listings. Proven inside parentheses is the nation the place every conglomerate has its headquarters.

 

You’ll be able to change the presentation order by clicking the triangle icon on the high of any of the columns under. An entry of 0% within the right-most column means 2018 knowledge was unavailable.

Rank Exporter Crude Oil Exports (US$) 2018-9
1. Saudi Arabia $133,640,000,000 +0.01%
2. Russia $121,443,990,000 -5.9%
3. Iraq $83,341,284,000 -9.8%
4. Canada $68,066,116,000 +1.7%
5. United Arab Emirates $66,092,938,000 +13.1%
6. United States $65,323,191,000 +35.4%
7. Kuwait $41,954,848,000 -18.9%
8. Nigeria $41,045,144,000 -5.8%
9. Kazakhstan $33,563,062,000 -11.2%
10. Angola $32,346,025,000 -11.5%
11. Norway $28,831,470,000 -13.4%
12. Libya $24,844,125,000 -7.4%
13. Brazil $24,002,334,000 -4.5%
14. United Kingdom $23,705,066,000 -14.2%
15. Mexico $22,552,194,000 -14.9%
16. Oman $19,864,602,000 -1.2%
17. Qatar $18,293,523,000 +32.5%
18. Azerbaijan $14,814,133,000 -5.7%
19. Algeria $14,777,044,000 -16.7%
20. Venezuela $13,813,194,000 -47.8%
21. Iran $13,801,503,000 -72.8%
22. Netherlands $13,206,845,000 +2%
23. Colombia $12,390,692,000 -9.4%
24. Ecuador $7,731,163,000 -1.6%
25. Congo $7,243,620,000 -6.6%
26. Malaysia $7,030,383,000 -25.6%
27. Australia $6,466,832,000 +8.8%
28. Gabon $4,870,332,000 +20.3%
29. Egypt $4,767,708,000 +122.1%
30. Ghana $4,311,862,000 -17%
31. Equatorial Guinea $3,329,545,000 -18.5%
32. Brunei Darussalam $2,704,983,000 +1.2%
33. Cameroon $2,143,291,000 +23.7%
34. Indonesia $2,125,410,000 -58.5%
35. Vietnam $1,924,373,000 -10.4%
36. South Sudan $1,548,628,000 -2.5%
37. Argentina $1,483,367,000 -1.8%
38. Trinidad/Tobago $1,280,005,000 +72.4%
39. Denmark $1,168,426,000 -6.2%
40. Yemen $1,060,342,000 +10%
41. Chad $935,999,000 -38.6%
42. Sudan $860,916,000 -20.9%
43. Belgium $822,195,000 -19.6%
44. Ivory Coast $794,166,000 +12.4%
45. Bahrain $763,110,000 0%
46. Tunisia $730,481,000 +16.3%
47. Spain $675,684,000 -12%
48. Thailand $662,120,000 -19%
49. Papua New Guinea $627,125,000 -17.4%
50. Democr. Rep. Congo $528,899,000 +19.7%
51. New Zealand $450,899,000 +32.4%
52. China $361,785,000 -71.5%
53. Turkmenistan $326,654,000 +197%
54. Mongolia $305,740,000 -22%
55. Albania $213,757,000 0%
56. Togo $202,623,000 +45.6%
57. Philippines $170,086,000 -16.1%
58. Pakistan $131,646,000 -50.1%
59. Peru $121,953,000 -12.2%
60. Poland $113,556,000 -10%
61. Guatemala $104,489,000 -16.5%
62. Greece $75,232,000 +22.9%
63. Croatia $61,151,000 +226,385%
64. Timor-Leste $60,954,000 +39.3%
65. Sweden $56,048,000 +169,742%
66. Myanmar (Burma) $50,586,000 -15%
67. Hungary $48,857,000 -51.1%
68. Italy $44,927,000 -86.2%
69. Panama $44,917,000 +0.6%
70. Liberia $43,333,000 -79.9%
71. Germany $42,794,000 +74.9%
72. France $38,916,000 +1,498%
73. Slovakia $37,322,000 +1,292%
74. Guinea $30,379,000 +884.4%
75. Saint Lucia $25,155,000 +25%
76. Lithuania $17,554,000 -28.1%
77. Kyrgyzstan $16,183,000 -6.2%
78. Senegal $16,012,000 -36.2%
79. Barbados $15,100,000 +36%
80. Romania $13,475,000 +82.3%
81. Belize $10,162,000 -17.5%
82. Israel $7,163,000 +268.3%
83. Latvia $3,544,000 -17.5%
84. South Africa $794,000 +309.3%
85. Bosnia/Herzegovina $343,000 0%
86. Serbia $270,000 -28%
87. Finland $244,000 +771.4%
88. Moldova $217,000 +486.5%
89. Czech Republic $169,000 -98.5%
90. Estonia $128,000 -83.1%
91. Namibia $54,000 -94.5%
92. Bulgaria $51,000 -88.4%
93. Slovenia $48,000 -57.1%
94. Singapore $15,000 -100%
95. Eire $9,000 +350%
96. El Salvador $7,000 0%
97. South Korea $6,000 +100%
98. Eswatini $5,000 -28.6%
99. Switzerland $4,000 -77.8%
100. Portugal $4,000 0%
101. Malawi $2,000 0%
102. Bolivia $2,000 -100%
103. Tanzania $1,000 -100%

See additionally US Crude Oil Imports by Supplier Countries, Iron Ore Exports by Country, Crude Oil Imports by Country and Largest Oil and Gas Export Companies

Analysis Sources:
Forbes 2019 Global 2000 rankings, The World’s Largest Public Corporations. Accessed on June 9, 2020

Worldwide Commerce Centre, Trade Map. Accessed on June 9, 2020

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Company. Accessed on June 9, 2020

Investopedia, Net Exports Definition. Accessed on June 9, 2020

Wikipedia, Big Oil. Accessed on June 9, 2020



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