Which Country Exports the Most Petroleum Oils and Crude Bituminous Minerals Oils in the World?

In 2016, the amount of petroleum oils and crude bituminous minerals oils exported worldwide stood at X tonnes, jumping by X% against the previous year figure. Overall, petroleum oils and crude bituminous minerals oils exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, global petroleum oils and crude bituminous minerals oils exports reached its maximum volume of X tonnes in 2012; however, from 2013 to 2016, it stood at a somewhat lower level.

In value terms, petroleum oils and crude bituminous minerals oils exports stood at $X in 2016. Overall, petroleum oils and crude bituminous minerals oils exports continue to indicate a deep setback. Over the period under review, global petroleum oils and crude bituminous minerals oils exports reached its maximum level of $X in 2012; however, from 2013 to 2016, it stood at a somewhat lower level.

Top Petroleum Oils and Crude Bituminous Minerals Oils Exporting Countries in the World

X. Saudi Arabia (X billion USD)

X. Russia (X billion USD)

X. Iraq (X billion USD)

X. Canada (X billion USD)

X. United Arab Emirates (X billion USD)

X. Kuwait (X billion USD)

X. Iran (X billion USD)

X. Nigeria (X billion USD)

X. Angola (X billion USD)

X. Venezuela (X billion USD)

X. Kazakhstan (X billion USD)

X. Oman (X billion USD)

Petroleum Oils and Crude Bituminous Minerals Oils Exports By Country

In 2016, Saudi Arabia (X tonnes), and Russia (X tonnes) represented the key exporters of petroleum oils and crude bituminous minerals oils in the globe, together creating X% of total exports. United Arab Emirates (X tonnes) took a X% share (based on tonnes) of global petroleum oils and crude bituminous minerals oils exports, which put it in second place, following Iraq (X%), Canada (X%), Kuwait (X%), Nigeria (X%), and Iran (X%). The following exporters - Venezuela (X tonnes), Angola (X tonnes), Kazakhstan (X tonnes), and Oman (X tonnes) together made up X% of total exports.

From 2007 to 2016, the most notable growth rate of petroleum oils and crude bituminous minerals oils exports, among the main exporting countries, was attained by Iraq (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Russia ($X) and Iraq ($X) were the countries with the highest levels of exports in 2016, together comprising X% of global exports.

Iraq (+X% per year) experienced the highest growth rate of petroleum oils and crude bituminous minerals oils exports, among the main exporting countries, over the last X year period, while the other global leaders experienced mixed trends in the exports figures.

Petroleum Oils and Crude Bituminous Minerals Oils Export Prices By Country

In 2016, the average export price for petroleum oils and crude bituminous minerals oils amounted to $X per tonne, falling by -X% against the previous year. In general, petroleum oils and crude bituminous minerals oils export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2008, when it surged by X% from the previous year level. Over the period under review, average petroleum oils and crude bituminous minerals oils export price attained its maximum level of $X per tonne in 2012; however, from 2013 to 2016, it failed to regain its strength.

There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Saudi Arabia ($X per tonne), while Venezuela ($X per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of petroleum oils and crude bituminous minerals oils export prices was attained by Canada (-X% per year), while the other global leaders experienced a decline in the export price figures.

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Source: IndexBox AI Platform