Refined Petroleum Oil Exports by Country 2020
The following countries posted the highest net exports for refined petroleum oils during 2020. Investopedia defines net exports as the value of a country’s total exports minus 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.
Refined Petroleum Oil Exports by Country
Country | Value |
United States | $58.4 Billion |
Russia | $48 Billion |
Kuwait | $41.6 Billion |
Netherlands | $29.7 Billion |
Singapore | $27 Billion |
India | $25.3 Billion |
China | $23.9 Billion |
South Korea | $23.3 Billion |
United Arab Emirates | $21.5 Billion |
Malaysia | $15.9 Billion |
Belgium | $12.2 Billion |
Saudi Arabia | $10.7 Billion |
Germany | $9.41 Billion |
Italy | $8.26 Billion |
Spain | $7.77 Billion |
United Kingdom | $7.41 Billion |
Sweden | $5.25 Billion |
France | $4.4 Billion |
Taiwan | $4.23 Billion |
Belarus | $2.78 Billion |
Luxembourg | $3.32 Million |