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

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