Global oil trade grew by a very strong 4.3% (or 2.8 Mb/d) in 2017, well above the 10-year average growth of 1.7% and a third consecutive above-average year
Oil trade as a share of global consumption reached a record 68.8%. China, the world’s largest net oil importer, saw net imports rise by 11.5% (0.9 Mb/d) to reach a record 9.1 Mb/d. Russia was the largest net exporter in 2017 (8.6 Mb/d, a slight increase from 2016).
Oil major trade movements 2017 – trade flows worldwide (million tonnes)
The data and map illustrate the flow of crude oil and products between sources of production and the regions of consumption.
The tables exclude the intra-area movements of oil (for example, crude oil and products moving between countries within Europe). Bunkers are not included as exports. Crude imports and exports include condensates. Saudi Arabian exports from 1980 are also available in the oil trade movements table in the Excel workbook. The split of crude oil and products are also shown. Data in the tables are in million tonnes and thousand barrels per day.