Is Russia the World's Largest Crude Oil Exporter?

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Vika Azkiya Dihni 14/03/2022 14:30 WIB

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Saudi Arabia is the world's largest producer and exporter of oil. Citing data from worldstopexports, the value of Saudi Arabia's crude oil exports in 2020 reached US$113.7 billion, representing 17.2%

Top 10 Crude Oil Exporting Countries in the World (2020)

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Top 10 Crude Oil Exporting Countries in the World (2020)

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Crude oil ranked second as the world's largest export product in 2020. Total global crude oil exports are estimated to have reached US$661.8 billion that year.

Saudi Arabia was the world's largest producer and exporter of crude oil. Citing data from *worldstopexports*, the value of crude oil exports from Saudi Arabia in 2020 amounted to US$113.7 billion, or 17.2% of the total.

Russia ranked below Saudi Arabia as the world's largest crude oil exporter. The country recorded export value of US$72.6 billion (11%).

Iraq came in third with crude oil exports valued at US$50.8 billion (7.7%), followed by the United States and the United Arab Emirates with export values of US$50.3 billion (7.6%) and US$47.9 billion (7.2%) respectively.

Top 10 Countries by Crude Oil Export Value in 2020:

1. Saudi Arabia: US$113.7 billion (17.2%)
2. Russia: US$72.6 billion (11%)
3. Iraq: US$50.8 billion (7.7%)
4. United States: US$50.3 billion (7.6%)
5. United Arab Emirates: US$47.9 billion (7.2%)
6. Canada: US$47.6 billion (7.2%)
7. Kuwait: US$28.3 billion (4.3%)
8. Nigeria: US$25.2 billion (3.8%)
9. Kazakhstan: US$23.7 billion (3.6%)
10. Norway: US$22.7 billion (3.4%)

These ten largest crude oil exporting countries contributed 73% of the total global export value in 2020.

(Also read: [Taiwan Becomes the Main Destination for Indonesian Vegetable Exports](https://databoks.katadata.co.id/datapublish/2022/03/08/taiwan-jadi-tujuan-utama-ekspor-sayuran-indonesia))

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Is Russia the World's Largest Crude Oil Exporter?

Is Russia the World's Largest Crude Oil Exporter?

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