What countries are the top producers and consumers of oil?

What are the top 5 exporting countries?

The top 10 export countries are China, United States, Germany, Japan, Netherlands, Hong Kong, South Korea, Italy, France and Belgium. Collectively, those leading exports-based economies represent over half (52.3%) of total exports by value from all countries.

What are the five top exporters of oil in the world in terms of barrels?

(millions of barrels per day)

Who are the top 5 exporters of crude oil?

As of August 2019, exports of crude oil in Saudi Arabia was 6,880 thousand barrels per day. The top 5 countries also includes Iraq, Canada, the United States of America, and Nigeria. The description is composed by our digital data assistant.

Which is the most oil producing country in the world?

Saudi Arabia, Russia, Iraq, Canada and UAE are the most exporting crude petroleum oil countries in the world. Saudi Arabia, United States and Russia are the world’s most producing crude petroleum oil countries.

Are there any countries that export more oil than they import?

This is a list of oil-producing countries by oil exports based on The World Factbook [1] and other Sources. Many countries also import oil, and some import more oil than they export. Academic contributions have written about differences in petroleum revenue management in various countries.

Which is the number one export in the world?

That dollar figure reflects a 30.9% increase since 2015 and a 5.4% uptick from 2018 to 2019. Crude oil was the world’s number one export product in 2019, outpacing exports of cars in second place. Electronic integrated circuits ranked as the third-most valuable exported commodity on the planet ahead of refined petroleum oils.