Crude oil exports from Senegal: data, top buyers and prices
Senegal exported $877.9 million of crude oil in 2024 (1.73 million tonnes). Value rose 4390% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $877.9M | 1.73M t |
| 2023 | $19.6M | 52.9K t |
| 2022 | $28.5M | 35.0K t |
| 2021 | $19.7M | 68.4K t |
| 2020 | $7.0M | 46.3K t |
| 2019 | $33.6M | 80.9K t |
| 2017 | $0K | - |
Where Senegal exports crude oil to
One buyer market dominates: China accounted for 62% of the value. Among the main buyer markets, Netherlands grew fastest (+580% on the year before).
| Destination | Value | Share |
|---|---|---|
| China | $545.7M | 62% |
| Netherlands | $84.3M | 9.6% |
| United States | $75.1M | 8.6% |
| Spain | $74.9M | 8.5% |
| Germany | $51.6M | 5.9% |
| Italy | $32.9M | 3.8% |
| Gibraltar | $6.2M | 0.7% |
| Mali | $5.3M | 0.6% |
| Guinea | $1.2M | 0.1% |
| United Kingdom | $638K | 0.1% |
Average export price per kg
The average declared value was about $0.51 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.
Crude oil imports to Senegal
Imports of crude oil by Senegal reached $826.5 million in 2024 (1.18 million tonnes). One supplier dominates: Nigeria accounted for 57% of the value.
| Supplier country | Value | Share |
|---|---|---|
| Nigeria | $469.3M | 57% |
| Nicaragua | $357.2M | 43% |
Who is behind these numbers in Senegal?
The shipment records behind Senegal crude oil exports (HS 2709): companies, dates, quantities and declared values.
Shipment records are in the platform
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Mirror data: built from the shipment records of the countries that trade with it.
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.
Common questions
What is the value of crude oil exported by Senegal?
Senegal exported crude oil worth $877.9 million in 2024, the latest year with complete public data, about 1.73 million tonnes. That ranks it 41st of 138 countries worldwide, with 0% of world exports.
Which countries buy crude oil from Senegal?
China was the largest buyer with 62% of the value ($545.7 million), followed by the Netherlands (10%) and the United States (9%). The top three together account for 80%, out of 13 buyer countries in total. The Netherlands grew fastest among the top ten, up 580% on the year.
What is the average export price of crude oil per kg?
The average declared export value was about $0.51 per kg in 2024, 6% below the world average of $0.54 per kg. Declared value divided by weight mixes every grade, so read it as a benchmark rather than a quote.
How have exports of crude oil from Senegal changed since 2017?
Exports went from $33.6 million in 2019 to $877.9 million in 2024. 2024 was the highest year in the period. Over 6 years the average was $164.4 million a year.
Does Senegal also import crude oil?
Yes. Senegal imported $826.5 million worth of this product in 2024, mainly from Nigeria and Nicaragua. That compares with exports of $877.9 million in the same year.
What is the HS code for crude oil?
The HS code for crude oil is heading 2709. In Senegal all of this trade was declared under the six-digit code 2709.00. It sits in HS chapter 27 (mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes). The full list of codes and descriptions is on the HS 2709 page.
How can I find the companies behind this trade?
The totals here are public statistics; EximDataX adds the company names by reading partner countries' customs records for Senegal. Tell us your product to see it live.
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