🇸🇦 Saudi Arabia exports of refined petroleum products: 2024 trade data
Exports of refined petroleum products by Saudi Arabia reached $29.62 billion in 2024 (37.35 million tonnes). Its share of world exports was 3%. That is 26% less than in 2023. Over 2017-2024 the trade grew strongly, by about 13% a year on average. The peak in this period was 2022, at $48.67 billion.
Public statistics, latest reported year 2024. Values in US dollars.
Exports of refined petroleum products by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $29.62B | 37.35M t |
| 2023 | $40.12B | 49.47M t |
| 2022 | $48.67B | 52.38M t |
| 2021 | $23.83B | 41.57M t |
| 2020 | $12.87B | 35.12M t |
| 2019 | $20.60B | 35.06M t |
| 2018 | $25.08B | 34.63M t |
| 2017 | $12.47B | 24.49M t |
Where Saudi Arabia exports refined petroleum products to
Most of it went to Egypt (16%), France (11%), Italy (9%). Trade is spread widely: the top three buyer markets together make up only 36%. Among the main buyer markets, Egypt grew fastest (+103% on the year before).
| Destination | Value | Share |
|---|---|---|
| 🇪🇬 Egypt | $4.72B | 16% |
| 🇫🇷 France | $3.34B | 11% |
| 🇮🇹 Italy | $2.60B | 8.8% |
| 🇺🇸 United States | $2.35B | 7.9% |
| 🇸🇬 Singapore | $2.02B | 6.8% |
| 🇲🇦 Morocco | $1.66B | 5.6% |
| 🇲🇾 Malaysia | $1.50B | 5.1% |
| 🇬🇧 United Kingdom | $1.29B | 4.4% |
| 🇿🇦 South Africa | $989.6M | 3.3% |
| 🇮🇩 Indonesia | $825.1M | 2.8% |
Average export price of refined petroleum products
The average declared value was about $0.79 per kg, close to the world average of $0.74.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Saudi Arabia also imports refined petroleum products
Saudi Arabia imported $10.79 billion of refined petroleum products in 2024 (18.29 million tonnes). Its share of world imports was 1%. Most of the value came from Egypt (24%), United Arab Emirates (17%), Russia (15%). Among the main suppliers, Italy grew fastest, more than tenfold on the year before.
| Supplier country | Value | Share |
|---|---|---|
| 🇪🇬 Egypt | $2.59B | 24% |
| 🇦🇪 United Arab Emirates | $1.86B | 17% |
| 🇷🇺 Russia | $1.61B | 15% |
| 🇴🇲 Oman | $1.26B | 12% |
| 🇳🇱 Netherlands | $788.8M | 7.3% |
| 🇧🇭 Bahrain | $607.1M | 5.6% |
| 🇮🇳 India | $355.5M | 3.3% |
| 🇬🇷 Greece | $302.6M | 2.8% |
| 🇮🇹 Italy | $274.8M | 2.6% |
| 🇲🇾 Malaysia | $224.7M | 2.1% |
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 2710: Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils.
Refined petroleum products trade in Saudi Arabia: questions
What is the value of refined petroleum products imported by Saudi Arabia?
Saudi Arabia imported refined petroleum products worth $10.79 billion in 2024 (18.29 million tonnes).
Where does Saudi Arabia import refined petroleum products from?
The main supplier countries in 2024 were Egypt (24%), United Arab Emirates (17%), Russia (15%).
What is the average import price of refined petroleum products in Saudi Arabia?
The average declared import value was about $0.59 per kg in 2024, against a world average of $0.74 per kg.
Does Saudi Arabia export refined petroleum products?
Yes. Saudi Arabia exported refined petroleum products worth $29.62 billion in 2024, mainly to Egypt, France, Italy.
What is the HS code for refined petroleum products?
Refined petroleum products falls under HS heading 2710 (Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of pet). The six-digit codes under it split the product by type.
How can I find the companies trading refined petroleum products 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.
Refined petroleum products trade in other countries
More trade data for Saudi Arabia
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