World's Largest Crude Oil Exporting Countries (Southeast Asian Countries Included)

World's Largest Crude Oil Exporting Countries (Southeast Asian Countries Included)

Amounting to 4.3% of the worldwide value of all export products, global crude oil shipments totaled US$841.1 billion for 2017. That dollar figure reflects a -46.5% decline since 2013 but a 30.4% increase from 2016 to 2017.

Crude oil is the world’s number 2 export product outpaced only by the value of exported cars–at least in 2017 when oil prices continue to be relatively lower and while international automobile sales were strong.

Middle Eastern countries accounted for the highest dollar value worth of crude oil exports during 2017 with shipments valued at $356.3 billion or 42.4% of globally exported crude oil. At the continent level, almost half comes from countries in Asia (49.4%). Europe supplies 18% of the overall total, followed by Africa at 13.4% and North America at 11.4%.

Smaller percentages originate from Latin America excluding Mexico but including the Caribbean (6.9%), and Oceania led by Australia (0.6%).


Below are the 15 countries that exported the highest dollar value worth of crude oil during 2017:

  1. Saudi Arabia: US$133.6 billion (15.9% of total crude oil exports)
  2. Russia: $93.3 billion (11.1%)
  3. Iraq: $61.5 billion (7.3%)
  4. Canada: $54 billion (6.4%)
  5. United Arab Emirates: $49.3 billion (5.9%)
  6. Iran: $40.1 billion (4.8%)
  7. Kuwait: $38.2 billion (4.5%)
  8. Nigeria: $33 billion (3.9%)
  9. Angola: $30.5 billion (3.6%)
  10. Kazakhstan: $26.6 billion (3.2%)
  11. Norway: $25.9 billion (3.1%)
  12. Venezuela: $23.1 billion (2.7%)
  13. United States: $21.8 billion (2.6%)
  14. Mexico: $19.9 billion (2.4%)
  15. 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.

 As for Southeast Asian countries, here's the rank:

24. Malaysia $6.9 billion 0.8%
26. Indonesia $5.2 billion 0.6%
31. Vietnam $2.9 billion 0.3%
33. Brunei Darussalam $2.2 billion 0.3%
44. Thailand $694.9 million 0.1%
56. Philippines $185.9 million 0.02%
63. Timor-Leste $73.4 million 0.01%
64. Singapore $69.9 million 0.01%
69. Myanmar $45.5 million 0.01%
Research Sources:
The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on May 15, 2018

Trade Map, International Trade Centre. Accessed on May 15, 2018

Investopedia, Net Exports Definition. Accessed on May 15, 2018

Wikipedia, Big Oil. Accessed on May 15, 2018
Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on May 15, 2018
Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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