Import Markets for Crude Oil and Processed Petroleum
Crude oil and processed petroleum are essential commodities that serve as the lifeblood of many industries around the world. From powering vehicles, heating homes, and producing plastics and chemicals, the demand for these products is insatiable. As a result, countries around the world rely heavily on importing crude oil and processed petroleum to meet their energy needs.
Top 10 Countries by Import Value
1. China - $357.1 Billion USD in 2023
China tops the list as the world's largest importer of crude oil and processed petroleum, with an import value of $357.1 billion USD in 2023. The country's rapid industrialization and increasing energy consumption drive its high demand for these resources.
2. United States - $231.0 Billion USD in 2023
The United States ranks second in terms of import value, importing $231.0 billion USD worth of crude oil and processed petroleum in 2023. The country's vast transportation network and energy-intensive industries are major drivers of its imports.
3. India - $145.2 Billion USD in 2023
India follows closely behind the United States, importing $145.2 billion USD worth of crude oil and processed petroleum in 2023. The country's growing population and expanding economy contribute to its increasing demand for energy resources.
4. South Korea - $101.8 Billion USD in 2023
South Korea is a major importer of crude oil and processed petroleum, with an import value of $101.8 billion USD in 2023. The country's strong manufacturing sector and reliance on imported energy resources drive its high demand.
5. Netherlands - $97.3 Billion USD in 2023
The Netherlands is a key import market for crude oil and processed petroleum, with an import value of $97.3 billion USD in 2023. The country's strategic location as a hub in the European energy market contributes to its significant imports.
6. Japan - $93.8 Billion USD in 2023
Japan is another major importer of crude oil and processed petroleum, with an import value of $93.8 billion USD in 2023. The country's reliance on imported energy resources following the Fukushima nuclear disaster drives its high demand for these products.
7. Singapore - $80.6 Billion USD in 2023
Singapore plays a crucial role in the global energy market, importing $80.6 billion USD worth of crude oil and processed petroleum in 2023. The country's strategic location as a major transshipment hub for oil and gas contributes to its significant imports.
8. Germany - $71.7 Billion USD in 2023
Germany is one of the largest importers of crude oil and processed petroleum in Europe, importing $71.7 billion USD worth of these products in 2023. The country's strong industrial base and high energy consumption drive its significant imports.
9. France - $50.3 Billion USD in 2023
France ranks ninth in terms of import value, importing $50.3 billion USD worth of crude oil and processed petroleum in 2023. The country's diverse economy and energy-intensive industries contribute to its substantial imports.
10. United Kingdom - $48.5 Billion USD in 2023
The United Kingdom rounds out the list of the top import markets for crude oil and processed petroleum, importing $48.5 billion USD worth of these products in 2023. The country's advanced manufacturing sector and high energy consumption drive its significant imports.
Overall, these top import markets for crude oil and processed petroleum play a crucial role in meeting the global demand for energy resources. As the world's economy continues to grow and industries expand, the reliance on these essential commodities is only expected to increase.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
