Net means net, and the government figures include petro products, which is explained in the fine print:
Net means net, and the government figures include petro products, which is explained in the fine print:
Below are the 15 countries that imported the highest dollar value worth of crude oil during 2017:
China: US$162.2 billion (18.6% of total crude oil imports)
United States: $139.1 billion (15.9%)
Japan: $63.7 billion (7.3%)
India: $60.2 billion (6.9%)
South Korea: $59.6 billion (6.8%)
Netherlands: $37.4 billion (4.3%)
Germany: $36.2 billion (4.1%)
Italy: $26.1 billion (3%)
Spain: $25.7 billion (2.9%)
France: $23.8 billion (2.7%)
Singapore: $21.4 billion (2.5%)
United Kingdom: $20.9 billion (2.4%)
Thailand: $20.1 billion (2.3%)
Taiwan: $16.9 billion (1.9%)
Belgium: $15.3 billion (1.7%)
The listed 15 countries purchased 83.4% of all crude oil imports in 2017 (by value).
None of these top importers experienced a boost in the value of their crude oil purchases from 2013 to 2017.
Among the above countries, the fastest-declining crude oil importers since 2013 were: India (down -59.3%), Japan (down -56.3%), Germany (down -52.2%), United States (down -50.2%), Taiwan (down -49.7%), Thailand (down -48.5%) and United Kingdom (down -48%).
Below are the 15 countries that exported the highest dollar value worth of crude oil during 2017:
Saudi Arabia: US$133.6 billion (15.9% of total crude oil exports)
Russia: $93.3 billion (11.1%)
Iraq: $61.5 billion (7.3%)
Canada: $54 billion (6.4%)
United Arab Emirates: $49.3 billion (5.9%)
Iran: $40.1 billion (4.8%)
Kuwait: $38.2 billion (4.5%)
Nigeria: $33 billion (3.9%)
Angola: $30.5 billion (3.6%)
Kazakhstan: $26.6 billion (3.2%)
Norway: $25.9 billion (3.1%)
Venezuela: $23.1 billion (2.7%)
United States: $21.8 billion (2.6%)
Mexico: $19.9 billion (2.4%)
United Kingdom: $19 billion (2.3%)
The listed 15 countries accounted for 79.6% of all crude oil exports in 2017 (by value).
Only two of the above top 15 exporters increased the value of their crude oil shipments from 2013 to 2017, namely the United States with its 328% improvement in revenue and Iraq via a modest 0.6% gain.
The 13 other top sources of crude oil posted declines over the 5-year period ranging from -69.2% for Venezuela and -55.5% for Nigeria down to -32% for Canada and -14.5% for Iran.
Other notable declines include -54.5% for Saudi Arabia, -53.6% for Kazakhstan, -53.4% for Angola, -53.3% for Mexico, -52.1% for Kuwait, -48% for Norway and -46.3% for Russia.