🇸🇦 Saudi Arabia exports of crude oil: 2024 trade data
In 2024, Saudi Arabia exported crude oil worth $186.87 billion (309.16 million tonnes). That makes it the largest exporter of this product worldwide, out of 138 countries. That is 12% less than in 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2022, at $262.67 billion.
Public statistics, latest reported year 2024. Values in US dollars.
Exports of crude oil by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $186.87B | 309.16M t |
| 2023 | $211.80B | 418.28M t |
| 2022 | $262.67B | 357.43M t |
| 2021 | $155.56B | 308.34M t |
| 2020 | $108.72B | 338.59M t |
| 2019 | $167.98B | 331.50M t |
| 2018 | $186.02B | 352.16M t |
| 2017 | $132.77B | 337.52M t |
Where Saudi Arabia exports crude oil to
The largest buyer markets were China (26%), South Korea (16%), Japan (15%).
| Destination | Value | Share |
|---|---|---|
| 🇨🇳 China | $47.91B | 26% |
| 🇰🇷 South Korea | $29.48B | 16% |
| 🇯🇵 Japan | $28.75B | 15% |
| 🇮🇳 India | $19.61B | 11% |
| 🇺🇸 United States | $8.35B | 4.5% |
| 🇵🇱 Poland | $8.04B | 4.3% |
| Taiwan | $7.56B | 4.1% |
| 🇲🇾 Malaysia | $5.63B | 3% |
| 🇹🇭 Thailand | $3.85B | 2.1% |
| 🇵🇰 Pakistan | $3.22B | 1.7% |
Average export price of crude oil
The average declared value was about $0.60 per kg, close to the world average of $0.54.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Saudi Arabia also imports crude oil
In 2024, Saudi Arabia imported crude oil worth $73.4 million (1.00 million tonnes). Guyana alone supplied 100% of it.
| Supplier country | Value | Share |
|---|---|---|
| 🇬🇾 Guyana | $73.4M | 100% |
| 🇺🇸 United States | $15K | 0% |
Who is behind these numbers in Saudi Arabia?
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.
Mirror data: built from the shipment records of the countries that trade with it.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
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.
Crude oil trade in Saudi Arabia: questions
What is the value of crude oil imported by Saudi Arabia?
Saudi Arabia imported crude oil worth $73.4 million in 2024 (1.00 million tonnes).
Where does Saudi Arabia import crude oil from?
The main supplier countries in 2024 were Guyana (100%), United States (0%).
What is the average import price of crude oil in Saudi Arabia?
The average declared import value was about $0.07 per kg in 2024, against a world average of $0.54 per kg.
Does Saudi Arabia export crude oil?
Yes. Saudi Arabia exported crude oil worth $186.87 billion in 2024, mainly to China, South Korea, Japan.
What is the HS code for crude oil?
Crude oil falls under HS heading 2709 (Petroleum oils and oils obtained from bituminous minerals; crude). The six-digit codes under it split the product by type.
How can I find the companies trading crude oil with Saudi Arabia?
These public statistics stop at country level. EximDataX builds Saudi Arabia trade from the records of its trading partners, updated weekly, so you can see who ships this product there.
Crude oil trade in other countries
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