Global Oil and Petroleum Products Export: Brief Insights of the Top Exporters and Latest Valuations

Apr 09, 2025

Global Oil and Petroleum Products Export: Brief Insights of the Top Exporters and Latest Valuations

The global export of oil and petroleum products has come across a recent shift in the present days; the rise in global demand accompanied by the increase in production and export capacities of different central areas has been fostering the annual valuation of this globally sought-after commodity. The geopolitical development of the surge in the trade rates has not only influenced the trade dynamics but has also expanded the infrastructure allowing top traders to maintain a stable market share countering the esteemed target of the international market.

The evolutionary movements of the manufacturing units like the advancements in technology accompanied by the increasing competition among different exporters in fulfilling the targeted acquisitions have recorded the global export trade value of oil and petroleum products in 2024 worth 3.5 trillion US dollars; representing a positive shift from the export valuation of 2020 worth 1.5 trillion US dollars. The increasing concern of worldwide use of energy resources and the rapid industrialization of the functioning areas are some of the attributing factors that are facilitating the overall trade rates.

The Leading Oil and Petroleum Products Exported Globally in 2024

The global trade statistics have reported that the oil and petroleum industry has become a vital player in the worldwide trade rate countering a massive market share dominating other regions. According to the Global Oil and Petroleum Products Export Data, the top 10 leading variants of oil and petroleum products exported globally in 2024 are,

• Crude Oil – The annual trade valuation of Crude Oil exported globally in 2024 – 765 billion US dollars.

• Refined Petroleum – The annual trade valuation of Refined Petroleum exported globally in 2024 – 420 billion US dollars.

• Natural Gas – The annual trade valuation of Natural Gas exported globally in 2024 – 300 billion US dollars.

• Liquefied Natural Gas – The annual trade valuation of Liquefied Natural Gas exported globally in 2024 – 245 billion US dollars.

• Coal – The annual trade valuation of Coal exported globally in 2024 – 176 billion US dollars.

• Petroleum Coke – The annual trade valuation of Petroleum Coke exported globally in 2024 – 123 billion US dollars.

• Petroleum Gas – The annual trade valuation of Petroleum Gas exported globally in 2024 – 80 billion US dollars.
• Bitumen – The annual trade valuation of Bitumen exported globally in 2024 –68 billion US dollars.

• Petrochemicals – The annual trade valuation of Petrochemicals exported globally in 2024 – 54 billion US dollars.

• Asphalt – The annual trade valuation of Asphalt exported globally in 2024 – 38 billion US dollars.

The Top 10 Leading Global Exporters of Oil and Petroleum Products in 2024

To maintain stability in the overall marketing rate and to counter the increasing demands of oil and petroleum products from different regional areas across the globe; top traders have started exporting more of its produced variants at affordable and valuable rates. According to the Oil and Petroleum Products Trade Data, the top 10 leading global exporters of oil and petroleum products in 2024 are,

1. Saudi Arabia – According to the Saudi Arabia Export Data, the total valuation of the oil and petroleum products exported in 2024 – 800 billion US dollars.