List of countries by oil exports
Topic: Finance
From HandWiki - Reading time: 3 min
This is a list of oil-producing countries by oil exports based on The World Factbook[1] and other Sources.[2] Many countries also import oil, and some import more oil than they export.
Countries by rank
In 2022, Saudi Arabia was the largest exporter of petroleum, followed by Russia and Iraq. Other major exporters of petroleum in that year included the United States, Canada and United Arab Emirates.
| Country | Oil exports (bbl/day) | Date of information |
|---|---|---|
 Saudi Arabia (OPEC) |
7,364,000 | 2022 est. |
 Russia |
4,780,000 | 2022 est. |
 Iraq (OPEC) |
3,712,000 | 2022 est. |
 United States |
3,604,000 | 2022 |
 Canada |
3,350,000 | 2022 |
 United Arab Emirates (OPEC) |
2,717,000 | 2022 |
 Kuwait (OPEC) |
1,879,000 | 2022 |
 Norway |
1,558,000 | 2022 |
 Nigeria (OPEC) |
1,388,000 | 2022 |
 Brazil |
1,346,417 | 2022 est. |
 Kazakhstan |
1,315,000 | 2022 est. |
 Mexico |
1,198,511 | 2020 |
 Angola (OPEC) |
1,085,000 | 2022 |
 Libya (OPEC) |
920,000 | 2022 est. |
 Iran (OPEC) |
901,000 | 2022 |
 Oman |
859,883 | 2020 est. |
 Azerbaijan |
813,000 | 2018 est. |
 United Kingdom |
724,334 | 2020 est. |
 Colombia |
540,959 | 2020 est. |
 Qatar |
502,801 | 2020 |
 Algeria (OPEC) |
477,000 | 2022 |
 Venezuela (OPEC) |
438,000 | 2022 est. |
 Ecuador |
361,820 | 2020 est. |
 Australia |
92,909 | 2020 est. |
 Equatorial Guinea (OPEC) |
81,000 | 2022 est. |
 Indonesia |
253,157 | 2020 est. |
 South Sudan |
291,800 | 2010 est. |
 Congo (OPEC) |
243,000 | 2022 est. |
 Malaysia |
280,000 | 2021 est. |
 Gabon (OPEC) |
185,000 | 2022 est. |
 Vietnam |
113,497 | 2020 est. |
 Denmark |
78,070 | 2016 est. |
 Yemen |
8,875 | 2016 est. |
 Bahrain |
154,691 | 2016 est. |
 Syria |
6,580 | 2019 est. |
 Brunei |
82,333 | 2020 est. |
 Chad |
97,079 | 2016 est. |
 Sudan |
135,431 | 2020 est. |
 Argentina |
90,920 | 2010 est. |
 Timor-Leste |
87,000 | 2010 est. |
 Egypt |
102,750 | 2020 est. |
 Cuba |
83,000 | 2012 est. |
 Tunisia |
77,980 | 2010 est. |
 Trinidad and Tobago |
75,340 | 2010 est. |
 Turkmenistan |
67,000 | 2012 est. |
 Cameroon |
55,680 | 2010 est. |
 New Zealand |
42,390 | 2010 est. |
 Netherlands |
35,500 | 2013 est. |
 China |
33,000 | 2013 est. |
 Thailand |
32,200 | 2011 est. |
 Côte d'Ivoire |
32,190 | 2010 est. |
 Papua New Guinea |
28,400 | 2010 est. |
 Albania |
23,320 | 2013 est. |
 Greece |
21,551 | 2021 est. |
 Philippines |
20,090 | 2010 est. |
 Peru |
15,610 | 2012 est. |
 Germany |
14,260 | 2010 est. |
 Guatemala |
10,960 | 2010 est. |
 Estonia |
7,624 | 2010 est. |
 Suriname |
7,621 | 2010 est. |
 Mauritania |
7,337 | 2010 est. |
 Italy |
6,300 | 2010 est. |
 Mongolia |
5,680 | 2010 est. |
 Belize |
4,345 | 2010 est. |
 Poland |
3,615 | 2011 est. |
 Lithuania |
2,181 | 2010 est. |
 Ireland |
1,858 | 2010 est. |
 Barbados |
765 | 2010 est. |
 Georgia |
531 | 2012 est. |
 Czechia |
404 | 2010 est. |
 Slovakia |
263 | 2010 est. |
 Bolivia |
61 | 2013 est. |
 DR Congo |
0 | 2010 est. |
Oil export revenues
Academic contributions have written about differences in petroleum revenue management in various countries. Many scholars see the natural resource wealth in some countries as a natural resource blessing, while in others it has been referred to as a natural resource curse.[3] A vast body of resource curse literature has studied the role of governance regimes, legal frameworks and political risk in building an economy based on natural resource exploitation.[4][5][6] However, whether it is seen as a blessing or a curse, the recent political decisions regarding the future of petroleum production in many countries were given an extractivist direction, thus also granting a status quo to the exploitation of natural resources.[7] The PRIX index forecasts the effect of political developments on exports from major petroleum-producing countries.[8]
See also
- List of countries by oil production
- List of countries by exports
- List of countries by net oil exports
- List of countries by proven oil reserves
- Petrodollar recycling
- World energy resources
- Energy development
References
- ↑ Ranking – The World Factbook
- ↑ "Data download". https://asb.opec.org/data/ASB_Data.php.
- ↑ Sachs J. D.; Warner A.M. (2001). "The curse of natural resources". European Economic Review 4 (45). http://mais611.wiki.usfca.edu/file/view/Sachs+and+Warner+Curse+of+Natural+Resources.pdf.
- ↑ Humphreys, M., Sachs, J. and Stiglitz, J. E. (2007). "Escaping the resource curse.". European economic review (Cambridge University Press). http://journals.cambridge.org/action/displayAbstract;jsessionid=F661F3DFC134D02E24E1E8260148BAA1.journals?fromPage=online&aid=1787352.
- ↑ Tietenberg, T. H.; Lewis, L. (2000). "Environmental and natural resource economics.".
- ↑ Ross, M. L. (2003). "The natural resource curse: How wealth can make you poor". European Economic Review. https://books.google.com/books?id=034PFZRJwvIC&dq=Ross,+M.+L.+(2003)+%27The+natural+resource+curse:+How+wealth+can+make+you+poor%27,+Natural+resources+and+violent+conflict:+options+and+actions,+pp.+17-42.&pg=PA17.
- ↑ Wilson, E.; Stammler, F. (2015). "Beyond extractivism and alternative cosmologies: Arctic communities and extractive industries in uncertain times". European Economic Review 3 (1): pp. 1–8. doi:10.1016/j.exis.2015.12.001.
- ↑ "Nuclear Negotiations, Restructuring at Chevron and a New Political Risk Index for Oil Markets". Alberta Oil Magazine. 2015-06-29. http://www.albertaoilmagazine.com/2015/06/36733/.
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