Crude oil trade by country: top importers, exporters and prices
World trade in crude oil was worth $1,305.16 billion in 2024, about 2,412.20 million tonnes. That is an increase of 50% since 2017, and down 3% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $1305.16B | 2412.20M t |
| 2023 | $1342.12B | 2661.77M t |
| 2022 | $1573.38B | 2285.51M t |
| 2021 | $1083.34B | 2155.52M t |
| 2020 | $698.01B | 2163.38M t |
| 2019 | $1068.97B | 2203.51M t |
| 2018 | $1179.43B | 2268.11M t |
| 2017 | $870.14B | 2249.28M t |
Top crude oil exporting countries
Exports are led by Saudi Arabia (14%), Russia (10%) and the United States (10%). 138 countries reported exports, and the top three account for 33%.
| Exporter | Value | Share |
|---|---|---|
| Saudi Arabia | $186.87B | 14% |
| Russia | $124.20B | 9.5% |
| United States | $123.93B | 9.5% |
| United Arab Emirates | $114.43B | 8.8% |
| Canada | $106.25B | 8.1% |
| Iraq | $97.86B | 7.5% |
| Norway | $50.50B | 3.9% |
| Kazakhstan | $46.41B | 3.6% |
| Brazil | $46.17B | 3.5% |
| Nigeria | $40.54B | 3.1% |
| Angola | $32.47B | 2.5% |
| Oman | $28.95B | 2.2% |
Top importing countries and buyer markets
The largest importers are China (22%), the United States (13%) and India (11%). 149 countries imported it, and the top three take 46% of the value.
| Importer | Value | Share |
|---|---|---|
| China | $290.86B | 22% |
| United States | $167.34B | 13% |
| India | $141.67B | 11% |
| South Korea | $84.50B | 6.5% |
| Japan | $73.04B | 5.6% |
| Netherlands | $54.86B | 4.2% |
| Italy | $46.06B | 3.5% |
| Germany | $38.14B | 2.9% |
| Spain | $35.49B | 2.7% |
| Thailand | $32.24B | 2.5% |
| United Kingdom | $30.82B | 2.4% |
| France | $28.40B | 2.2% |
Average price per kg
The world average declared value was about $0.54 per kg in 2024. Among the main exporters, Kazakhstan averaged $0.72 per kg and the United Arab Emirates $0.37 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2709: Petroleum oils and oils obtained from bituminous minerals; crude. HS 2709 codes.
Common questions
Which countries export the most crude oil?
Saudi Arabia exported $186.87 billion in 2024, 14% of the world total, followed by Russia (10%) and the United States (10%). In all, 138 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most crude oil?
China imported $290.86 billion in 2024, 22% of world imports, ahead of the United States (13%) and India (11%). The top three importers together take 46%. Each country with its own page is linked from the table.
How big is the world trade in crude oil?
It was worth $1,305.16 billion in 2024, about 2,412.20 million tonnes. That is an increase of 50% since 2017. The peak year was 2022 at $1,573.38 billion. 138 countries reported exports and 149 reported imports.
What is the average price of crude oil per kg?
The world average declared value was about $0.54 per kg in 2024. Among the main exporters, Kazakhstan averaged $0.72 per kg and the United Arab Emirates $0.37 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for crude oil?
The HS code for crude oil is heading 2709, in chapter 27 (mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 2709 page.
How can I find crude oil buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
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