Top 10 Petroleum Crude Oil Importer and Exporter Countries

05 July 2017
Top 10 Petroleum Importer and Exporter Countries

Crude oil is a non-renewable resource which is usually found in reservoirs. It exists as a liquid and yellowish black in colour. It is a mixture of hydrocarbons and organic compounds. Petroleum is a broad category which includes petroleum products and crude oil that are made up of refined crude oil. Petroleum products are produced from the processing of crude oil and other liquids at petroleum refineries. These products are also produced from the extraction of liquid hydrocarbons at natural gas processing plants. Sometimes, petroleum and crude oil are used to mean the same thing and used interchangeably.


Saudi Arabia is the top petroleum crude oil exporter or producer country in the world while China is the top petroleum crude oil importer or consumer country in the world. In this article, we are discussing the petroleum crude oil imports/exports with the country wise analysis and also mentioned about the promotion council and association at international level.


See Here 5 Largest Importer and Exporter Countries of Crude Petroleum Oil – Infographic


Petroleum Crude Oil Imports - Country Wise Analysis


The world’s total petroleum crude oil imports recorded USD 673,289,648 thousand in the year 2016. China stood as the largest petroleum crude oil importer country across the world with the import value of USD 116,171,247 thousand during the year 2016. It is importing petroleum crude oil from around 45 countries and Russian Federation & Saudi Arabia are its main crude petroleum oil exporter country. China is followed by United States of America, India and Japan.


Check the following table to know the top 10 importer countries of petroleum crude oil with their import value. The trade statistics mentioned in the table below are based on trade map.


Country Wise Analysis


Importer Country

Value in USD Thousand

China

116171247

USA

108073267

India

60869089

Japan

50767543

Korea

44238339

Netherlands

29275172

Germany

28718517

Italy

18893126

Spain

18732787

France

17912795

*above stats are based on the records of year 2016


United States of America got second rank in the list of petroleum crude oil imports with the import value of USD 108073267 thousand. It is importing crude petroleum oil from around 40 countries, majorly importing from Canada and Saudi Arabia.


India is The Third Largest Importer Country :- India is the third largest country in petroleum crude oil imports with the value of USD 60869089 thousand in 2016. India is importing crude oil from more than 40 countries across the world. It is mainly importing from Saudi Arabia followed by Iraq and Iran. India has imported petroleum crude oil from Saudi Arabia with a value of USD 12111032 thousand during the year 2016.



Top 10 Countries in Petroleum Crude Oil Exports


Saudi Arabia is the largest petroleum crude oil exporter country in the world. The country did crude oil export business of USD 136179904 thousand during the year 2016. It is followed by Russian Federation, Iraq and Canada. Russian Federation’s exports represent 10.9% of the world exports of petroleum crude oil and its ranking is second in crude oil exports around the globe. Russian Federation is exporting petroleum crude oil in more than 40 countries including China, Netherlands, Germany, Poland, Italy, Belarus etc.


If we check by quantity exported in tonnes, Saudi Arabia has exported approximately 382196500 tonnes of petroleum crude oil in various countries across the world while it is 254367300 tonnes for Russian Federation. Refer the below table to check the top 10 crude petroleum oil exporter countries across the world. The export value given in this table is collected from Trade Map Data.


Country Wise Analysis


Exporter Country

Value in USD Thousand

Saudi Arabia

136179904

Russian Federation

73676262

Iraq

46323129

Canada

39522258

UAE

39423030

Kuwait

30694747

Iran

29051897

Nigeria

27285188

Angola

25300016

Norway

22615024

*above stats are based on the records of year 2016



Promotion Council and Association for Petroleum Oil


The global promotion council helps the particular country in the development and promotion of export or import trade. The trade associations participate in public relations activities such as advertising, producing conferences and networking. Here, we are providing the name of promotion council and association at International level.



World Petroleum Council (WPC)


WPC is a non-political organisation with charitable status in the United Kingdom and has accreditation as a NGO from the United Nations. The purpose of the WPC are promotion of the sustainable supply and efficient use oil, gas, petroleum and other energy resources. There are around 65 member countries of World Petroleum Council including Argentina, USA, Vietnam, UAE, UK, India, China, Canada, Germany, Brazil etc.



Organization of the Petroleum Exporting Countries (OPEC)


OPEC is the largest association for petroleum products traders in the world. It is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.



IPIECA – Trade Association


IPIECA is a not for profit association involving both upstream and downstream oil, petroleum and gas industry. This association promotes knowledge to help the industry and improve its environmental and social performance. It is also the channel of communication with the United Nations.



How to get Petroleum Crude Oil Data?


If you are seeking for petroleum crude oil data, subscribe our (export Genius) report to track the importers and exporters of petroleum crude oil of a particular country. Our report is based on actual shipments records and it is collected from the country’s customs. You can get trade data and statistical data. You can access the analysis report as per your requirements which will be available for particular duration and country.


After subscribing you will know at what rates it is exporting or importing in different countries.


To buy our market research report and data, e-mail us at info@exportgenius.in.


For any media related enquiries, please contact us at press@exportgenius.in.

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