Fuel oil residue trade by country: top importers, exporters and prices
World trade in fuel oil residue was worth $893.4 million in 2024, about 1.72 million tonnes. That is a fall of 13% since 2017, and down 13% 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 | $893.4M | 1.72M t |
| 2023 | $1.03B | 2.09M t |
| 2022 | $1.39B | 2.24M t |
| 2021 | $781.8M | 1.74M t |
| 2020 | $489.0M | 1.91M t |
| 2019 | $1.00B | 1.69M t |
| 2018 | $895.1M | 1.57M t |
| 2017 | $1.03B | 3.21M t |
Top fuel oil residue exporting countries
Exports are led by Indonesia (59%), Russia (8%) and the United States (5%). 91 countries reported exports, and the top three account for 72%.
| Exporter | Value | Share |
|---|---|---|
| Indonesia | $529.6M | 59% |
| Russia | $75.2M | 8.4% |
| United States | $42.6M | 4.8% |
| Germany | $42.6M | 4.8% |
| United Kingdom | $30.2M | 3.4% |
| Poland | $25.4M | 2.8% |
| France | $22.9M | 2.6% |
| Mexico | $14.8M | 1.7% |
| South Korea | $13.8M | 1.6% |
| Malaysia | $13.2M | 1.5% |
| Netherlands | $11.5M | 1.3% |
| Japan | $10.1M | 1.1% |
Top importing countries and buyer markets
The largest importers are Singapore (61%), Kazakhstan (9%) and Italy (6%). 110 countries imported it, and the top three take 76% of the value.
| Importer | Value | Share |
|---|---|---|
| Singapore | $544.3M | 61% |
| Kazakhstan | $79.0M | 8.9% |
| Italy | $53.7M | 6% |
| Netherlands | $37.0M | 4.1% |
| Belgium | $22.3M | 2.5% |
| Japan | $17.0M | 1.9% |
| India | $15.4M | 1.7% |
| United States | $12.8M | 1.4% |
| Spain | $12.5M | 1.4% |
| France | $11.9M | 1.3% |
| Czech Republic | $11.6M | 1.3% |
| Poland | $10.5M | 1.2% |
Average price per kg
The world average declared value was about $0.52 per kg in 2024. Among the main exporters, Poland averaged $0.80 per kg and Russia $0.28 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.
Related product types
Who is behind these numbers in this market?
The shipment records behind Fuel oil residue (HS 2713.90) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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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 2713.90: Residues: of petroleum oils or of oils obtained from bituminous minerals. HS 2713 codes.
Common questions
Which countries export the most fuel oil residue?
Indonesia exported $529.6 million in 2024, 59% of the world total, followed by Russia (8%) and the United States (5%). In all, 91 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most fuel oil residue?
Singapore imported $544.3 million in 2024, 61% of world imports, ahead of Kazakhstan (9%) and Italy (6%). The top three importers together take 76%. Each country with its own page is linked from the table.
How big is the world trade in fuel oil residue?
It was worth $893.4 million in 2024, about 1.72 million tonnes. That is a fall of 13% since 2017. The peak year was 2022 at $1.39 billion. 91 countries reported exports and 110 reported imports.
What is the average price of fuel oil residue per kg?
The world average declared value was about $0.52 per kg in 2024. Among the main exporters, Poland averaged $0.80 per kg and Russia $0.28 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 fuel oil residue?
The HS code for fuel oil residue is subheading 2713.90, in chapter 27 (mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 2713 page.
How can I find fuel oil residue buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading fuel oil residue, from direct customs feeds and mirror data. Tell us your markets to see them live.
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