List of countries by oil exports

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Crude oil export revenue by country (annually) A world map of countries by oil exportation, 2022

This is a list of countries by oil exports based on data for 2024 by CEIC. Oil in this list refers to base crude oil only, not refined petroleum products such as gasoline, diesel and airplane fuel.

In 2024, 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. In 2024, Saudi Arabia also had the largest oil export value in US dollar terms by far.

Many of these countries also import oil, and some import more oil than they export. This is known as an oil export deficit. By contrast, when a country exports more oil than it imports, it is known as an oil export surplus. The second table in this page shows which countries have the largest oil export surplus in US dollar terms. Russia was the world leader in 2024 for this category.

## Contents

* 1 List
* 2 Oil export revenues
* 3 By oil export surplus
* 4 See also
* 5 References

## List

Country  | Export value
2024 (thousands US$)[1] | Oil exports
2024 (bbl/day)[2]

|
|

Saudi Arabia (OPEC) | 191,068,167 | 6,049,140
Russia (OPEC+) | 122,487,872 | 4,524,354
United States | 118,499,361 | 4,109,000
United Arab Emirates (OPEC) | 114,863,828 | 2,717,000
Canada | 107,499,738 | 3,568,933
Iraq (OPEC) | 98,371,466 | 3,363,570
Norway | 49,735,668 | 1,690,710
Brazil (OPEC+) | 44,964,285 | 1,706,667
Kazakhstan (OPEC+) | 42,878,761 | 1,425,750
Nigeria (OPEC) | 38,404,923 | 1,522,297
Kuwait (OPEC) | 35,530,010 | 1,175,833
Angola | 31,257,304 | 1,042,071
Libya (OPEC) | 27,290,645 | 1,001,882
Oman (OPEC+) | 25,768,830 | 887,083
Mexico (OPEC+) | 21,707,462 | 847,812
Guyana  | 18,174,888  | –
Netherlands  | 17,039,661  | –
United Kingdom | 16,014,249 | 475,043
Qatar | 14,965,909 | 540,842
Azerbaijan (OPEC+) | 14,437,356 | 393,917
Algeria (OPEC) | 13,976,238 | 459,492
Colombia | 12,062,243 | 473,250
Venezuela (OPEC) | 9,845,186 | 655,743
Ecuador | 8,646,543 | 356,000
Australia | 7,105,138 | 238,558
Malaysia (OPEC+) | 6,249,794 | 218,167
Congo (OPEC) | 5,432,045 | 236,488
Gabon (OPEC) | 5,226,724 | 204,360
Argentina  | 4,930,467  | –
Ghana  | 3,735,368  | –
Chad  | 3,206,621  | –
Cameroon  | 2,697,654  | –
Equatorial Guinea (OPEC) | 2,269,466 | 56,436
Indonesia | 2,228,458 | 67,167
Brunei (OPEC+) | 2,100,528 | 75,289
Spain  | 1,884,604  | –
Trinidad and Tobago | 1,616,072 | 51,250
Vietnam | 1,480,375 | 50,333
Egypt | 1,408,882 | 37,667
China | 1,181,828 | 41,668
Belgium  | 957,088  | –
Ivory Coast  | 799,801  | –
Croatia  | 773,594  | –
Senegal  | 763,878  | –
Niger  | 748,937  | –
Papua New Guinea  | 736,202  | –
Sudan (OPEC+) | 697,077 | 84,660
Italy  | 632,755  | –
DR Congo  | 601,325  | –
Thailand  | 583,036  | –
New Zealand  | 423,291  | –
Denmark  | 396,231  | –
South Sudan  | 388,115  | –
Tunisia  | 380,559  | –
Mongolia  | 322,111  | –
Peru  | 317,738  | –
Turkmenistan  | 240,117  | –
Philippines  | 168,275  | –
Poland  | 101,267  | –
Mozambique  | 95,515  | –
Pakistan  | 67,637  | –
Guatemala  | 66,671  | –
Timor-Leste  | 66,095  | –
Hungary  | 63,144  | –
Liberia  | 52,092  | –
South Africa  | 51,468  | –
Greece  | 42,743  | –
France  | 16,100  | –
British Virgin Islands  | 15,097  | –
Barbados  | 13,633  | –
Chile  | 10,113  | –
Romania  | 7,529  | –
Sao Tome and Principe  | 6,313  | –
Bosnia and Herzegovina  | 4,664  | –
Tanzania  | 2,352  | –
Singapore  | 2,160  | –
Bolivia  | 1,419  | –
Germany  | 1,172  | –
Latvia  | 710  | –
Slovakia  | 694  | –
Moldova  | 628  | –
Sweden  | 191  | –
Ireland  | 74  | –
Fiji  | 70  | –
Namibia  | 22  | –
Iran (OPEC) | 21 | 1,566,220
Czech Republic  | 12  | –
Kenya  | 5  | –
Sri Lanka  | 3  | –
Dominican Republic  | 3  | –
Jamaica  | 2  | –
Switzerland  | 2  | –
Gambia  | 1  | –
Botswana  | 1  | –
Uganda  | 1  | –
Bahrain (OPEC+) | – | 137,750

## Oil export revenues

Academic contributors have written about differences in petroleum revenue management in various countries. Many scholars see the natural resource wealth in some countries as a blessing, while others have referred to it 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[clarification needed], thus also granting a status quo[clarification needed] to the exploitation of natural resources.[7] The PRIX index forecasts the effect of political developments on exports from major petroleum-producing countries.[8]

## By oil export surplus

A country's oil export surplus can be calculated by subtracting the value of its oil imports from the value of its oil exports. Countries with oil export surpluses tend to be more energy independent than those with oil export deficits (importing more oil than they export).

Country  | Continent  | Oil export surplus
2022 (US$ billions)[1]

|
|

Russia | Europe/Asia | \+ 346.7
Saudi Arabia (OPEC)  | Asia | \+ 265.1
Norway | Europe | \+ 203.1
United Arab Emirates (OPEC)  | Asia | \+ 167.8
Canada | North America | \+ 135.0
Australia | Oceania | \+ 113.2
Qatar | Asia | \+ 94.9
Iraq (OPEC)  | Asia | \+ 87.3
Kuwait (OPEC)  | Asia | \+ 69.6
Algeria (OPEC)  | Africa | \+ 57.7
United States | North America | \+ 55.9
Oman | Asia | \+ 52.8
Angola | Africa | \+ 43.4
Kazakhstan | Asia/Europe | \+ 42.8
Azerbaijan | Asia/Europe | \+ 34.0

## 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
* History of the Venezuelan oil industry
* Petrodollar recycling
* World energy resources
* Energy development

## References

1. ↑ 1.0 1.1 "Crude Oil Exports by Country". EZOIC. https://www.worldstopexports.com/worlds-top-oil-exports-country/.
2. ↑ "Crude Oil: Exports". ISI Emerging Markets Group. https://www.ceicdata.com/en/indicator/crude-oil-exports.
3. ↑ 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.
4. ↑ 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.
5. ↑ Tietenberg, T. H.; Lewis, L. (2000). "Environmental and natural resource economics.".
6. ↑ Ross, M. L. (2003). "The natural resource curse: How wealth can make you poor". European Economic Review. ISBN 978-0-8213-5503-9. https://books.google.com/books?id=034PFZRJwvIC&dq=Ross,+M.+L.+(2003)+'The+natural+resource+curse:+How+wealth+can+make+you+poor',+Natural+resources+and+violent+conflict:+options+and+actions,+pp.+17-42.&pg=PA17.
7. ↑ 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.
8. ↑ "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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Lists of countries by energy rankings

Non-renewable energy|

* Petroleum
* Proven reserves
* Production
* Consumption
* Exports
* Imports
* All
* Natural gas
* Proven reserves
* Production
* Consumption
* Exports
* Imports
* Recoverable shale gas
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* Exports
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* Uranium
* Proven reserves
* Production
* Generation
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Renewable energy|

* Hydroelectricity
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Electric energy|

* Consumption
* Exports
* Imports
* Production

Total energy|

* Consumption and production
* per capita
* Intensity
* Summary of top fossil fuel exporters

* List of international rankings
* List of top international rankings by country
* Lists by country

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