{{Short description|None}}thumb|320x320px|Crude oil export revenue by country (annually) thumb|320x320px|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.
== List == <!-- EDITORS: FOR THIS TABLE, PLEASE DO NOT UPDATE COUNTRIES INDIVIDUALLY. To keep these figures comparable for ranking purposes, UPDATE THEM ONLY AS A FULL CONSISTENT SET, covering the same calendar year. --> {{static row numbers}} {| class="sortable static-row-numbers nowrap wikitable" style=text-align:right |- class="wrap static-row-header" ! Country !Export value<br><small>2024 (thousands US$)</small><ref name="WTE">{{cite web |title=Crude Oil Exports by Country |url=https://www.worldstopexports.com/worlds-top-oil-exports-country/ |archive-url= |archive-date= |access-date=15 April 2024 |website=World's Top Exports |publisher=EZOIC}}</ref> ! Oil exports<br><small>2024 (bbl/day)</small><ref name="CEIC">{{cite web |title=Crude Oil: Exports |url=https://www.ceicdata.com/en/indicator/crude-oil-exports |archive-url= |archive-date= |access-date=15 April 2024 |website=CEIC |publisher=ISI Emerging Markets Group}}</ref> |- | style=text-align:left | {{flaglist|Saudi Arabia}} (OPEC)||191,068,167||6,049,140 |- | style=text-align:left | {{flaglist|Russia}} (OPEC+)||122,487,872||4,524,354 |- | style="text-align:left" | {{flaglist|United States}}||118,499,361|| 4,109,000 |- | style="text-align:left" | {{flaglist|United Arab Emirates}} ||114,863,828|| 2,717,000 |- | style=text-align:left | {{flaglist|Canada}}||107,499,738|| 3,568,933 |- | style="text-align:left" | {{flaglist|Iraq}} (OPEC)||98,371,466||3,363,570 |- | style="text-align:left" | {{flaglist|Norway}}||49,735,668||1,690,710 |- | style="text-align:left" | {{flaglist|Brazil}} (OPEC+)||44,964,285||1,706,667 |- | style="text-align:left" | {{flaglist|Kazakhstan}} (OPEC+)||42,878,761||1,425,750 |- | style="text-align:left" | {{flaglist|Nigeria}} (OPEC)||38,404,923|| 1,522,297 |- | style="text-align:left" | {{flaglist|Kuwait}} (OPEC)||35,530,010|| 1,175,833 |- | style="text-align:left" | {{flaglist|Angola}} ||31,257,304|| 1,042,071 |- | style="text-align:left" | {{flaglist|Libya}} (OPEC)||27,290,645||1,001,882 |- | style="text-align:left" | {{flaglist|Oman}} (OPEC+)||25,768,830||887,083 |- | style="text-align:left" | {{flaglist|Mexico}} (OPEC+)||21,707,462||847,812 |- | style="text-align: left;" |{{Flag|Guyana}} |18,174,888 |– |- | style="text-align: left;" |{{Flag|Netherlands}} |17,039,661 |– |- | style="text-align:left" | {{flaglist|United Kingdom}}||16,014,249||475,043 |- | style="text-align:left" | {{flaglist|Qatar}}||14,965,909|| 540,842 |- | style="text-align:left" | {{flaglist|Azerbaijan}} (OPEC+)||14,437,356||393,917 |- | style="text-align:left" | {{flaglist|Algeria}} (OPEC)||13,976,238|| 459,492 |- | style="text-align:left" | {{flaglist|Colombia}}||12,062,243||473,250 |- | style="text-align:left" | {{flaglist|Venezuela}} (OPEC)||9,845,186||655,743 |- | style="text-align:left" | {{flaglist|Ecuador}}||8,646,543||356,000 |- | style="text-align:left" | {{flaglist|Australia}}||7,105,138||238,558 |- | style="text-align:left" | {{flaglist|Malaysia}} (OPEC+)||6,249,794||218,167 |- | style="text-align:left" | {{flaglist|Congo}} (OPEC)||5,432,045||236,488 |- | style="text-align:left" | {{flaglist|Gabon}} (OPEC)||5,226,724||204,360 |- | style="text-align: left;" |{{Flag|Argentina}} |4,930,467 |– |- | style="text-align: left;" |{{Flag|Ghana}} |3,735,368 |– |- | style="text-align: left;" |{{Flag|Chad}} |3,206,621 |– |- | style="text-align: left;" |{{Flag|Cameroon}} |2,697,654 |– |- | style="text-align:left" | {{flaglist|Equatorial Guinea}} (OPEC)||2,269,466||56,436 |- | style="text-align:left" | {{flaglist|Indonesia}}||2,228,458||67,167 |- | style="text-align:left" | {{flaglist|Brunei}} (OPEC+)||2,100,528||75,289 |- | style="text-align: left;" |{{Flag|Spain}} |1,884,604 |– |- | style="text-align:left" | {{flaglist|Trinidad and Tobago}}||1,616,072||51,250 |- | style="text-align:left" | {{flaglist|Vietnam}}||1,480,375||50,333 |- | style="text-align:left" | {{flaglist|Egypt}}||1,408,882||37,667 |- | style="text-align:left" | {{flaglist|China}}||1,181,828||41,668 |- | style="text-align: left;" |{{Flag|Belgium}} |957,088 |– |- | style="text-align: left;" |{{Flag|Ivory Coast}} |799,801 |– |- | style="text-align: left;" |{{Flag|Croatia}} |773,594 |– |- | style="text-align: left;" |{{Flag|Senegal}} |763,878 |– |- | style="text-align: left;" |{{Flag|Niger}} |748,937 |– |- | style="text-align: left;" |{{Flag|Papua New Guinea}} |736,202 |– |- | style="text-align:left" | {{flaglist|Sudan}} (OPEC+)||697,077||84,660 |- | style="text-align: left;" |{{Flag|Italy}} |632,755 |– |- | style="text-align: left;" |{{Flag|DR Congo}} |601,325 |– |- | style="text-align: left;" |{{Flag|Thailand}} |583,036 |– |- | style="text-align: left;" |{{Flag|New Zealand}} |423,291 |– |- | style="text-align: left;" |{{Flag|Denmark}} |396,231 |– |- | style="text-align: left;" |{{Flag|South Sudan}} |388,115 |– |- | style="text-align: left;" |{{Flag|Tunisia}} |380,559 |– |- | style="text-align: left;" |{{Flag|Mongolia}} |322,111 |– |- | style="text-align: left;" |{{Flag|Peru}} |317,738 |– |- | style="text-align: left;" |{{Flag|Turkmenistan}} |240,117 |– |- | style="text-align: left;" |{{Flag|Philippines}} |168,275 |– |- | style="text-align: left;" |{{Flag|Poland}} |101,267 |– |- | style="text-align: left;" |{{Flag|Mozambique}} |95,515 |– |- | style="text-align: left;" |{{Flag|Pakistan}} |67,637 |– |- | style="text-align: left;" |{{Flag|Guatemala}} |66,671 |– |- | style="text-align: left;" |{{Flag|Timor-Leste}} |66,095 |– |- | style="text-align: left;" |{{Flag|Hungary}} |63,144 |– |- | style="text-align: left;" |{{Flag|Liberia}} |52,092 |– |- | style="text-align: left;" |{{Flag|South Africa}} |51,468 |– |- | style="text-align: left;" |{{Flag|Greece}} |42,743 |– |- | style="text-align: left;" |{{Flag|France}} |16,100 |– |- | style="text-align: left;" |{{Flag|British Virgin Islands}} |15,097 |– |- | style="text-align: left;" |{{Flag|Barbados}} |13,633 |– |- | style="text-align: left;" |{{Flag|Chile}} |10,113 |– |- | style="text-align: left;" |{{Flag|Romania}} |7,529 |– |- | style="text-align: left;" |{{Flag|Sao Tome and Principe}} |6,313 |– |- | style="text-align: left;" |{{Flag|Bosnia and Herzegovina}} |4,664 |– |- | style="text-align: left;" |{{Flag|Tanzania}} |2,352 |– |- | style="text-align: left;" |{{Flag|Singapore}} |2,160 |– |- | style="text-align: left;" |{{Flag|Bolivia}} |1,419 |– |- | style="text-align: left;" |{{Flag|Germany}} |1,172 |– |- | style="text-align: left;" |{{Flag|Latvia}} |710 |– |- | style="text-align: left;" |{{Flag|Slovakia}} |694 |– |- | style="text-align: left;" |{{Flag|Moldova}} |628 |– |- | style="text-align: left;" |{{Flag|Sweden}} |191 |– |- | style="text-align: left;" |{{Flag|Ireland}} |74 |– |- | style="text-align: left;" |{{Flag|Fiji}} |70 |– |- | style="text-align: left;" |{{Flag|Namibia}} |22 |– |- | style="text-align:left" | {{flaglist|Iran}} (OPEC)||41,230,000||1,566,220 |- | style="text-align: left;" |{{Flag|Czech Republic}} |12 |– |- | style="text-align: left;" |{{Flag|Kenya}} |5 |– |- | style="text-align: left;" |{{Flag|Sri Lanka}} |3 |– |- | style="text-align: left;" |{{Flag|Dominican Republic}} |3 |– |- | style="text-align: left;" |{{Flag|Jamaica}} |2 |– |- | style="text-align: left;" |{{Flag|Switzerland}} |2 |– |- | style="text-align: left;" |{{Flag|Gambia}} |1 |– |- | style="text-align: left;" |{{Flag|Botswana}} |1 |– |- | style="text-align: left;" |{{Flag|Uganda}} |1 |– |- | style="text-align:left" | {{flaglist|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.<ref>{{cite news |newspaper=European Economic Review |url=http://mais611.wiki.usfca.edu/file/view/Sachs+and+Warner+Curse+of+Natural+Resources.pdf |title=The curse of natural resources |author1=Sachs J. D. |author2=Warner A.M. |date=2001 |issue=45 |volume=4 |access-date=2016-07-13 |archive-url=https://web.archive.org/web/20170517090027/http://mais611.wiki.usfca.edu/file/view/Sachs+and+Warner+Curse+of+Natural+Resources.pdf |archive-date=2017-05-17 |url-status=dead }}</ref> 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.<ref>{{cite news |newspaper=European economic review |url=http://journals.cambridge.org/action/displayAbstract;jsessionid=F661F3DFC134D02E24E1E8260148BAA1.journals?fromPage=online&aid=1787352 |title=Escaping the resource curse. |author=Humphreys, M., Sachs, J. and Stiglitz, J. E. |date= 2007 |publisher=Cambridge University Press}}</ref><ref>{{cite news |title=Environmental and natural resource economics. |author1=Tietenberg, T. H. |author-link1= Thomas H. Tietenberg| author2=Lewis, L. |date= 2000}}</ref><ref>{{cite news |newspaper=European Economic Review |url=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 |title=The natural resource curse: How wealth can make you poor |author=Ross, M. L. |date= 2003| isbn=978-0-8213-5503-9 }}</ref> 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{{clarify|date=April 2024}}, thus also granting a status quo{{clarify|date=April 2024}} to the exploitation of natural resources.<ref>{{cite news |newspaper=European Economic Review |doi=10.1016/j.exis.2015.12.001|doi-access=free |title=Beyond extractivism and alternative cosmologies: Arctic communities and extractive industries in uncertain times |author1=Wilson, E. |author2=Stammler, F. |date= 2015 |issue=1 |volume=3|pages=1–8 }}</ref> The PRIX index forecasts the effect of political developments on exports from major petroleum-producing countries.<ref>{{cite news |newspaper=Alberta Oil Magazine |url=http://www.albertaoilmagazine.com/2015/06/36733/ |title=Nuclear Negotiations, Restructuring at Chevron and a New Political Risk Index for Oil Markets |date=2015-06-29 |access-date=2015-09-26 |archive-url=https://web.archive.org/web/20151220225322/http://www.albertaoilmagazine.com/2015/06/36733/ |archive-date=2015-12-20 |url-status=dead }}</ref>
== 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). {| class="sortable static-row-numbers nowrap wikitable" style="text-align:right" |- class="wrap static-row-header" ! Country ! Continent !Oil export surplus<br><small>2022 (US$ billions)</small><ref name="WTE" /> |- | style="text-align:left" | {{flaglist|Russia}} |Europe/Asia | style="color:green;" | + 346.7 |- | style="text-align:left" | {{flaglist|Saudi Arabia}} (OPEC) |Asia | style="color:green;" |+ 265.1 |- | style="text-align:left" | {{flaglist|Norway}} |Europe | style="color:green;" | + 203.1 |- | style="text-align:left" | {{flaglist|United Arab Emirates}} (OPEC) |Asia | style="color:green;" | + 167.8 |- | style="text-align:left" | {{flaglist|Canada}} |North America | style="color:green;" | + 135.0 |- | style="text-align:left" | {{flaglist|Australia}} |Oceania | style="color:green;" | + 113.2 |- | style="text-align:left" | {{flaglist|Qatar}} |Asia | style="color:green;" | + 94.9 |- | style="text-align:left" | {{flaglist|Iraq}} (OPEC) |Asia | style="color:green;" | + 87.3 |- | style="text-align:left" | {{flaglist|Kuwait}} (OPEC) |Asia | style="color:green;" | + 69.6 |- | style="text-align:left" | {{flaglist|Algeria}} (OPEC) |Africa | style="color:green;" | + 57.7 |- | style="text-align:left" | {{flaglist|United States}} |North America | style="color:green;" | + 55.9 |- | style="text-align:left" | {{flaglist|Oman}} |Asia | style="color:green;" | + 52.8 |- | style="text-align:left" | {{flaglist|Angola}} |Africa | style="color:green;" | + 43.4 |- | style="text-align:left" | {{flaglist|Kazakhstan}} |Asia/Europe | style="color:green;" | + 42.8 |- | style="text-align:left" | {{flaglist|Azerbaijan}} |Asia/Europe | style="color:green;" | + 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== {{reflist}}
{{Energy country lists}}
{{DEFAULTSORT:Oil exports}} Category:Energy-related lists by country *Exports Category:Trade by commodity List of countries by oil exports Category:Lists of countries Category:Lists of countries by product exports