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

In 2016, approx. X tonnes of petroleum oils and crude bituminous minerals oils were imported worldwide; flattening at the previous year level. In general, petroleum oils and crude bituminous minerals oils imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, when imports increased by X% y-o-y. Global petroleum oils and crude bituminous minerals oils import peaked in 2016, and are likely to continue its growth in the immediate term.

In value terms, petroleum oils and crude bituminous minerals oils imports amounted to $X in 2016. Overall, petroleum oils and crude bituminous minerals oils imports continue to indicate a abrupt contraction. Over the period under review, global petroleum oils and crude bituminous minerals oils imports reached its maximum level of $X in 2012; however, from 2013 to 2016, it failed to regain its strength.

Top Petroleum Oils And Crude Bituminous Minerals Oils Importing Countries in the World

X. China (X billion USD)

X. USA (X billion USD)

X. India (X billion USD)

X. Japan (X billion USD)

X. South Korea (X billion USD)

X. Germany (X billion USD)

X. Netherlands (X billion USD)

X. Italy (X billion USD)

X. Spain (X billion USD)

X. France (X billion USD)

X. Thailand (X billion USD)

X. Singapore (X billion USD)

Petroleum Oils And Crude Bituminous Minerals Oils Imports By Country

In 2016, the U.S. (X tonnes), and China (X tonnes) represented the key importers of petroleum oils and crude bituminous minerals oils in the globe, together recording approx. X% of total imports. India (X tonnes) took a X% share (based on tonnes) of global petroleum oils and crude bituminous minerals oils imports, which put it in second place, following Japan (X%), and South Korea (X%). The following importers - Germany (X tonnes), the Netherlands (X tonnes), Spain (X tonnes), Italy (X tonnes), France (X tonnes), Singapore (X tonnes), and Thailand (X tonnes) together made up X% of total imports.

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

In value terms, the largest petroleum oils and crude bituminous minerals oils markets worldwide were China ($X), the U.S. ($X) and India ($X), with a combined X% share of global imports.

China (+X% per year) recorded the highest growth rate of petroleum oils and crude bituminous minerals oils imports, in terms of the main importing countries, over the last X years, while the other global leaders experienced mixed trends in the imports figures.

Petroleum Oils And Crude Bituminous Minerals Oils Import Prices By Country

In 2016, the average import 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 import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2008, when import increased by X% against the previous year level. Global petroleum oils and crude bituminous minerals oils import peaked of $X per tonne in 2012; however, from 2013 to 2016, it stood at a somewhat lower level.

Average import prices varied noticeably amongst major importing countries. In 2016, major importing countries recorded the following import prices: in Thailand ($X per tonne) and France ($X per tonne), while the U.S. ($X per tonne) and India ($X per tonne) were among the lowest.

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

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This article was written on the product's HS-code: X.

Source: IndexBox Platform