Refined Oil Exports by Country

Texan Oil Refinery

Texan Oil Refinery

Refined oil exports by country totaled US$605.9 billion in 2015, down by an average -36.5% for all refined oil shippers over the five-year period starting in 2011. Year over year, the value of global refined oil exports dipped -38.1% from 2014 to 2015.

Among continents, European countries generated the highest dollar worth of refined oil exports during 2015 with shipments valued at $247.3 billion or 40.8% of the global total. In second place were Asian exporters at 38.8% while 14.9% of worldwide refined oil shipments originated from North America.

Latin America (excluding Mexico) and Caribbean nations accounted for 2.5% of global refined petroleum shipments, the same percentage achieved by African exporters.

The 4-digit Harmonized Tariff System code prefix for refined oil is 2710.

Refined Oil Exports by Country


Below are the 15 countries that exported the highest dollar value worth of refined oil during 2015:

  1. United States: US$74.7 billion (12.3% of total refined oil exports)
  2. Russia: $65.6 billion (10.8%)
  3. Singapore: $42.1 billion (7%)
  4. Netherlands: $41.9 billion (6.9%)
  5. South Korea: $30.7 billion (5.1%)
  6. India: $30.5 billion (5%)
  7. Belgium: $24.7 billion (4.1%)
  8. Saudi Arabia: $24.1 billion (4%)
  9. China: $19.1 billion (3.2%)
  10. United Arab Emirates: $15.4 billion (2.5%)
  11. Italy: $13.1 billion (2.2%)
  12. Kuwait: $13 billion (2.1%)
  13. Germany: $12.4 billion (2%)
  14. United Kingdom: $11.5 billion (1.9%)
  15. Canada: $11.4 billion (1.9%)

The listed 15 countries shipped 71 % of all refined oil exports in 2015 (by value).

Among the above countries, the only one to increase the value of its refined oil exports since 2011 was the United Arab Emirates with its 11.7% gain.

Among the 14 countries that posted declines in their exported refined oil sales were led by United Kingdom (down -60.5%), Kuwait (down -48.6%), Singapore (down -46.8%) and India (down -44.2%).


The following countries posted the highest positive net exports for refined oil during 2015. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s refined oil exports and its import purchases for that same commodity.

  1. Russia: US$64.6 billion (net export surplus down -26.5% since 2011)
  2. India: $26.5 billion (down -44%)
  3. Saudi Arabia: $23.5 billion (down -8.7%)
  4. United States: $23.3 billion (down -911.7%)
  5. South Korea: $15.6 billion (down -44.9%)
  6. Netherlands: $14.6 billion (down -26.9%)
  7. Kuwait: $12.8 billion (down -48.9%)
  8. United Arab Emirates: $8.4 billion (up 26.8%)
  9. Belgium: $6.8 billion (down -13.7%)
  10. Belarus: $6.4 billion (down -30.5%)
  11. Algeria: $6.3 billion (down -40.7%)
  12. Italy: $6.1 billion (down -41.7%)
  13. Greece: $4.9 billion (up 26.5%)
  14. Bahrain: $4.9 billion (down -68.4%)
  15. China: $4.7 billion (down -139.4%)

Russia has the highest surplus in the international trade of refined oil. In turn, this positive cashflow confirms Russia’s strong competitive advantage for this specific product category.


The following countries posted the highest negative net exports for refined oil during 2015. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s refined oil import purchases and its exports for that same commodity.

  1. Mexico: -US$16.1 billion (net export deficit down -26.5% since 2011)
  2. Australia: -$12.3 billion (up 5%)
  3. France: -$11.1 billion (down -31.5%)
  4. Indonesia: -$10.7 billion (down -57.1%)
  5. Hong Kong: -$8.4 billion (down -44.2%)
  6. Germany: -$8 billion (down -59.2%)
  7. Gibraltar: -$7.1 billion (down -47.2%)
  8. Brazil: -$6.9 billion (down -44.9%)
  9. United Kingdom: -$6.6 billion (down -264.3%)
  10. Vietnam: -$5.8 billion (down -30.2%)
  11. Turkey: -$5.1 billion (down -43.3%)
  12. Nigeria: -$4.9 billion (down -152.7%)
  13. Japan: -$4.9 billion (down -63.4%)
  14. Malaysia: -$4.1 billion (down -2572.3%)
  15. Switzerland: -$3.9 billion (down -34.9%)

Mexico incurred the highest deficit in the international trade of refined oil. In turn, this negative cashflow highlights Mexico ‘s strong competitive disadvantage for this specific product category but also signals opportunities for refined oil-supplying countries that help satisfy the powerful demand.


Refined Oil Exporting Companies

According to Forbes 2015 Global 2000 rankings, the following oil and gas companies are among the top 40 largest companies in the world:

  • Exxon Mobile (United States)
  • PetroChina (China)
  • Royal Dutch Shell (Netherlands)
  • BP (United Kingdom)
  • Chevron (United States)
  • Gazprom (Russia)
  • Total (France)
  • Sinopec-China Petroleum (China)
  • Petrobras (Brazil)
  • Rosneft (Russia)

The above corporations are presented in the same order as they appear in the Forbes listing.


Searchable List of refined oil Exporting Countries

You can change the presentation order by clicking the triangle icon at the top of any of the columns below.

RankExporter2015 Refined Oil Exports% World Total
1.United StatesUS$74.7 billion12.3%
2.Russia$65.6 billion10.8%
3.Singapore$42.1 billion7%
4.Netherlands$41.9 billion6.9%
5.South Korea$30.7 billion5.1%
6.India$30.5 billion5%
7.Belgium$24.7 billion4.1%
8.Saudi Arabia$24.1 billion4%
9.China$19.1 billion3.2%
10.United Arab Emirates$15.4 billion2.5%
11.Italy$13.1 billion2.2%
12.Kuwait$13 billion2.1%
13.Germany$12.4 billion2%
14.United Kingdom$11.5 billion1.9%
15.Canada$11.4 billion1.9%
16.Taiwan$11.1 billion1.8%
17.Malaysia$10.6 billion1.8%
18.Japan$9.6 billion1.6%
19.Spain$9.5 billion1.6%
20.France$8.8 billion1.5%
21.Greece$8 billion1.3%
22.Algeria$7.8 billion1.3%
23.Sweden$7.2 billion1.2%
24.Belarus$6.9 billion1.1%
25.Thailand$6.8 billion1.1%
26.Venezuela$5.9 billion1%
27.Norway$5 billion0.8%
28.Bahrain$5 billion0.8%
29.Turkey$4 billion0.7%
30.Lithuania$3.9 billion0.7%
31.Mexico$3.9 billion0.6%
32.Portugal$3.8 billion0.6%
33.Finland$3.8 billion0.6%
34.Qatar$3.4 billion0.6%
35.Poland$3.3 billion0.5%
36.South Africa$2.7 billion0.4%
37.Denmark$2.5 billion0.4%
38.Indonesia$2.4 billion0.4%
39.Oman$2.3 billion0.4%
40.Slovakia$2.1 billion0.3%
41.Romania$2 billion0.3%
42.Peru$1.8 billion0.3%
43.Bulgaria$1.7 billion0.3%
44.Brazil$1.7 billion0.3%
45.Australia$1.6 billion0.3%
46.Kazakhstan$1.3 billion0.2%
47.Austria$1.3 billion0.2%
48.Colombia$1.3 billion0.2%
49.Czech Republic$1.2 billion0.2%
50.Hungary$1.1 billion0.2%
51.Trinidad/Tobago$1.1 billion0.2%
52.Estonia$1.1 billion0.2%
53.Egypt$1 billion0.2%
54.Netherlands Antilles$851.6 million0.1%
55.Croatia$821.5 million0.1%
56.Slovenia$802.6 million0.1%
57.Ireland$705.2 million0.1%
58.Ethiopia$693.2 million0.1%
59.Nigeria$646.4 million0.1%
60.Hong Kong$616.6 million0.1%
61.Switzerland$544.8 million0.1%
62.Iran$524 million0.1%
63.Latvia$494.5 million0.1%
64.Israel$484.1 million0.1%
65.Turkmenistan$463.8 million0.1%
66.Azerbaijan$437.8 million0.1%
67.Pakistan$412.9 million0.1%
68.Bahamas$400.9 million0.1%
69.Kenya$399.5 million0.1%
70.Chile$392.4 million0.1%
71.Argentina$389.4 million0.1%
72.Angola$345.3 million0.1%
73.Libya$343.8 million0.1%
74.Malta$316.8 million0.1%
75.Philippines$312.8 million0.1%
76.Iraq$312.1 million0.1%
77.Gibraltar$301.1 million0.05%
78.Ecuador$294.2 million0.05%
79.Morocco$231.9 million0.04%
80.Cyprus$217.6 million0.04%
81.Serbia$184.9 million0.03%
82.Sri Lanka$184.3 million0.03%
83.Guatemala$174.2 million0.03%
84.Tunisia$171.9 million0.03%
85.Ukraine$167.8 million0.03%
86.Papua New Guinea$165.1 million0.03%
87.Cuba$154.1 million0.03%
88.Niger$141 million0.02%
89.Uganda$131.1 million0.02%
90.Côte d'Ivoire$126.4 million0.02%
91.Congo$124.7 million0.02%
92.Suriname$113.5 million0.02%
93.Gabon$108.1 million0.02%
94.New Zealand$102.8 million0.02%
95.El Salvador$99.7 million0.02%
96.Cameroon$86.8 million0.01%
97.Viet Nam$82.3 million0.01%
98.Iceland$76 million0.01%
99.Barbados$75.6 million0.01%
100.Sudan (North + South)$68.8 million0.01%
101.Bosnia/Herzegovina$61.7 million0.01%
102.North Korea$60.8 million0.01%
103.Senegal$58.6 million0.01%
104.Paraguay$53.7 million0.01%
105.Ghana$51.3 million0.01%
106.Bolivia$46.6 million0.01%
107.Saint Lucia$46.6 million0.01%
108.Madagascar$43.8 million0.01%
109.Yemen$43.4 million0.01%
110.Macedonia$35.8 million0.01%
111.Chad$31.2 million0.01%
112.Mozambique$29.8 million0.005%
113.Dominican Republic$29.4 million0.005%
114.Bangladesh$26.7 million0.004%
115.Uruguay$23.4 million0.004%
116.Benin$20.5 million0.003%
117.Albania$19 million0.003%
118.Montenegro$16.9 million0.003%
119.Tanzania$15 million0.002%
120.Samoa$14.6 million0.002%
121.Lebanon$13 million0.002%
122.Marshall Islands$11.5 million0.002%
123.Nicaragua$10.5 million0.002%
124.Moldova$10 million0.002%
125.Togo$9.7 million0.002%
126.Br Virgin Islands$9.2 million0.002%
127.Swaziland$9.1 million0.001%
128.Belize$8.6 million0.001%
129.Luxembourg$7.7 million0.001%
130.Uzbekistan$7.4 million0.001%
131.Democratic Rep. Congo$7.2 million0.001%
132.Georgia$6.6 million0.001%
133.Macao$5.9 million0.001%
134.Botswana$4.7 million0.001%
135.Fiji$3.7 million0.001%
136.Namibia$3.3 million0.001%
137.Costa Rica$3.2 million0.001%
138.Jordan$2.8 million0.0005%
139.Zambia$2.6 million0.0004%
140.Seychelles$2.5 million0.0004%
141.Guinea$2.4 million0.0004%
142.US Minor Outlying Is$1.9 million0.0003%
143.Greenland$1.8 million0.0003%
144.Liberia$1.2 million0.0002%
145.Mali$1.1 million0.0002%
150.Myanmar (Burma)$419,0000.0001%
151.Fr South Antarctic Terr$392,0000.0001%
153.Cabo Verde$292,0000.00005%
156.Solomon Islands$276,0000.00005%
158.Brunei Darussalam$246,0000.00004%
159.Faroe Islands$196,0000.00003%
162.French Polynesia$170,0000.00003%
163.New Caledonia$162,0000.00003%
166.Burkina Faso$82,0000.00001%
174.Cayman Islands$19,0000.000003%
177.American Samoa$14,0000.000002%
179.Central African Rep$11,0000.000002%
180.Equatorial Guinea$8,0000.000001%
181.Saint Kitts/Nevis$6,0000.000001%
183.Turks/Caicos Islands$6,0000.000001%
188.St Vincent/Grenadines$2,0000.0000003%
189.Northern Mariana Is$1,0000.0000002%
190.Norfolk Island$1,0000.0000002%

See also Highest Value Russian Export Products, Russia’s Top Import Partners, Crude Oil Exports by Country and Largest Oil and Gas Export Companies

Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on May 6, 2016

Trade Map, International Trade Centre. Accessed on May 6, 2016

Investopedia, Net Exports Definition. Accessed on May 6, 2016

Wikipedia, Big Oil. Accessed on May 6, 2016
Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on May 6, 2016