Table of Contents
Top 10 largest crude oil exporting countries overview of 2024 & 2025: Which country exported the most crude oil in 2025 and 2024?
Kazakhstan was the largest crude oil exporter in 2025, with export value reaching US$10.88 trillion, driven mainly by pipeline flows into European refining hubs, according to global import-export data from TradeInt. Then, Brazil at US$38.54 billion, supported by offshore deep-water production, and Argentina at US$20.89 billion, backed by Vaca Muerta–led output growth.
In total, the global crude oil export value in 2025 reached approximately US$10.98 trillion, based on TradeInt’s global trade data coverage.
Top 10 largest crude oil exporting countries 2025 overview
- Kazakhstan – US$10.88T: Pipeline-driven exports primarily supplying European refineries, with Italy and the Netherlands as key intake hubs.
- Brazil – US$38.54B: Offshore crude production supporting long-haul exports to Asia and Europe, led by China and Portugal.
- Argentina – US$20.89B: Vaca Muerta shale output fueling exports to the United States and regional South American markets.
- Mexico – US$16.61B: Heavy crude exports concentrated on U.S. and European refiners optimized for sour grades.
- Colombia – US$8.28B: Export-oriented flows supplying U.S. Gulf Coast refiners, supported by Panama as a regional transit hub.
| Rank | Country | Top 3 Importing Countries | Export Value (USD) | Share (%) | Economic Key Drivers | Quantity |
|---|---|---|---|---|---|---|
| 1 | Kazakhstan | 1. N/A 2. Italy 3. Netherlands |
$10,877,282,509,455 | 99.07% | Pipeline-driven export economy anchored to European refining hubs, with Italy and the Netherlands acting as key intake, storage, and redistribution points. | 🔒 Explore Kazakhstan Crude Oil Export Trade Data |
| 2 | Brazil | 1. China 2. Portugal 3. India |
$38,535,325,341 | 0.35% | Offshore crude production supplying Asia and Europe, supported by deep-water output and long-haul maritime trade routes. | 🔒 Explore Brazil Crude Oil Export Trade Data |
| 3 | Argentina | 1. United States 2. Chile 3. Brazil |
$20,889,465,950 | 0.19% | Vaca Muerta–backed export growth supplying U.S. and regional South American markets for refinery feedstock and fuel demand. | 🔒 Explore Argentina Crude Oil Export Trade Data |
| 4 | Mexico | 1. United States 2. Spain 3. Cuba |
$16,608,559,088 | 0.15% | Heavy crude exporter concentrated on U.S. and European refineries optimized for sour grades, reinforcing cross-border energy integration. | 🔒 Explore Mexico Crude Oil Export Trade Data |
| 5 | Colombia | 1. United States 2. Panama 3. India |
$8,282,481,179 | 0.08% | Export-oriented crude flows serving U.S. Gulf Coast refiners and regional trading hubs via Panama, driven by refinery demand and transit efficiency. | 🔒 Explore Colombia Crude Oil Export Trade Data |
| 6 | Ecuador | 1. Panama 2. Peru 3. Chile |
$6,896,661,552 | 0.06% | State-led crude exports routed through Panama and South American neighbors, shaped by transit hubs and regional refining needs. | 🔒 Explore Ecuador Crude Oil Export Trade Data |
| 7 | Malaysia | 1. Thailand 2. Australia 3. Singapore |
$3,055,271,440 | 0.03% | Medium-scale offshore producer exporting to Asia-Pacific markets, supported by regional refinery intake and short-haul maritime logistics. | 🔒 Explore Malaysia Crude Oil Export Trade Data |
| 8 | Democratic Congo | 1. China 2. Indonesia 3. Greece |
$2,043,857,403 | 0.02% | Niche crude exporter supplying Asian and Mediterranean buyers, with flows driven by trading demand rather than large-scale refining capacity. | 🔒 Explore Democratic Congo Crude Oil Export Trade Data |
| 9 | Indonesia | 1. Singapore 2. Thailand 3. South Korea |
$1,441,071,747 | 0.01% | Declining yet strategic exporter supplying nearby ASEAN refining hubs, reflecting domestic production constraints and regional energy trade. | 🔒 Explore Indonesia Crude Oil Export Trade Data |
| 10 | Cameroon | 1. China 2. Netherlands 3. France |
$910,713,294 | 0.01% | Small-volume exporter supplying Europe and China, with crude flows driven by trading hubs and selective refinery demand. | 🔒 Explore Cameroon Crude Oil Export Trade Data |
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Top 10 largest crude oil exporting countries 2024 overview
Based on global import-export trade data from TradeInt’s trade intelligence platform, Kazakhstan also ranked as the largest crude oil exporter in 2024, valued at US$8.75 trillion. Secondly, Russia at US$128.12 billion, driven by redirected Asian demand, and thirdly, Brazil at US$47.69 billion, backed by offshore deep-water production.
In total, global crude oil export value in 2024 reached approximately US$9.00 trillion, which was around 18% lower than the US$10.98 trillion recorded in 2025, reflecting a clear year-on-year expansion in global crude trade flows captured by TradeInt’s global trade data.
The following countries dominated crude oil exports in 2024:
- Kazakhstan – US$8.75T: Pipeline-driven exports supplying Europe and China, anchored by long-term transit and refinery agreements.
- Russia– US$128.12B: Large-scale crude exporter redirecting flows toward Asia, with China and India absorbing most volumes.
- Brazil– US$47.69B: Offshore deep-water crude production supporting exports to China, Spain, and Atlantic refining hubs.
- Mexico– US$26.40B: Heavy crude exports focused on U.S. and European refiners optimized for sour crude grades.
- Argentina– US$23.57B: Vaca Muerta–driven production growth supplying the U.S. and regional South American markets.
| Rank | Country | Top 3 Importing Countries | Export Value (USD) | Share (%) | Economic Key Drivers | Quantity |
|---|---|---|---|---|---|---|
| 1 | Kazakhstan |
1. Italy 2. N/A 3. China |
$8,747,129,743,507 | 97.79% | Pipeline-driven crude exports linking Central Asia to Europe and China, supported by long-term transit agreements and refinery demand. | 🔒 Explore Kazakhstan Crude Oil Export Trade Data |
| 2 | Russia |
1. China 2. India 3. Turkey |
$128,124,198,603 | 1.42% | Large-scale crude exporter redirecting shipments toward Asia amid sanctions-driven trade realignments. | 🔒 Explore Russia Crude Oil Export Trade Data |
| 3 | Brazil |
1. China 2. Spain 3. United States |
$47,692,870,356 | 0.30% | Offshore crude production supporting exports to Asian and Atlantic refineries through deep-water output expansion. | 🔒 Explore Brazil Crude Oil Export Trade Data |
| 4 | Mexico |
1. United States 2. Spain 3. South Korea |
$26,404,838,528 | 0.13% | Heavy crude exports supplying U.S. and European refineries optimized for sour crude processing. | 🔒 Explore Mexico Crude Oil Export Trade Data |
| 5 | Argentina |
1. United States 2. Chile 3. Brazil |
$23,566,148,081 | 0.13% | Vaca Muerta shale expansion enabling rising crude exports to regional and U.S. energy markets. | 🔒 Explore Argentina Crude Oil Export Trade Data |
| 6 | Colombia |
1. United States 2. Panama 3. India |
$12,018,943,847 | 0.10% | Export-oriented crude flows supplying U.S. Gulf Coast refineries via established ports and pipelines. | 🔒 Explore Colombia Crude Oil Export Trade Data |
| 7 | Ecuador |
1. Panama 2. United States 3. Peru |
$8,714,455,708 | 0.06% | State-led crude exports routed through regional trading hubs and transit economies. | 🔒 Explore Ecuador Crude Oil Export Trade Data |
| 8 | Malaysia |
1. Italy 2. N/A 3. China |
$5,680,867,032 | 0.02% | Offshore production supporting niche crude exports to Asian and European refiners. | 🔒 Explore Malaysia Crude Oil Export Trade Data |
| 9 | Indonesia |
1. Thailand 2. Australia 3. Brunei |
$2,007,457,190 | 0.02% | Declining yet strategic crude exports supplying ASEAN energy markets. | 🔒 Explore Indonesia Crude Oil Export Trade Data |
| 10 | Cameroon |
1. China 2. Netherlands 3. France |
$1,871,166,182 | 0.01% | Smaller-scale crude exports serving European and Chinese refiners through trading intermediaries. | 🔒 Explore Cameroon Crude Oil Export Trade Data |
🔍You may read: Top 10 crude oil exporting countries in 2023
1. Kazakhstan - US$10.88 trillion
Is Kazakhstan an oil exporter?
Yes. Kazakhstan is a major crude oil exporter, with total crude oil export value exceeding US$10.88 trillion in 2025, based on TradeInt’s import-export crude oil export data.
Kazakhstan’s top crude oil export destinations in 2025 include Italy (US$1,76T), the Netherlands (US$532.66B), China (US$415.67B), and South Korea (US$198.41B), showing a strong tilt toward European refining hubs alongside Asia’s refinery feedstock demand.
Who are the top Kazakhstan crude oil country buyers in 2025?
Kazakhstan’s crude oil exports are concentrated across a small number of high-impact markets, reflecting refinery demand, transit infrastructure, and long-term supply agreements, which include:
- Italy– US$1.76T (16.17%): Major European refining destination processing Kazakh crude for fuel production and petrochemical demand.
- Netherlands– US$532.66B (4.90%): Strategic EU energy hub enabling storage, blending, and re-export across European markets.
- China– US$415.67B (3.82%): Energy-security-driven imports supporting refinery feedstock needs and long-term supply diversification.
- South Korea– US$198.41B (1.82%): Asian refining destination importing Kazakh crude for downstream fuel and industrial production.
| Rank | Export Destination | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | 🔒 Unlock Global Crude Oil Import–Export Trade Data Intelligence | |||||
| 2 | Italy | $1,758,738,958,614 | 16.17% | TOO TENGIZSHEVROIL | SHELL INTERNATIONAL TRADING AND SHIPPING COMPANY LIMITED | Major European refining destination processing Kazakhstan crude for fuel production, petrochemicals, and regional energy supply chains. |
| 3 | Netherlands | $532,657,219,849 | 4.90% | TOO TENGIZSHEVROIL | HESTON B V | Strategic European energy hub supporting storage, blending, re-export, and EU-wide crude redistribution. |
| 4 | China | $415,674,381,366 | 3.82% | TOO TENGIZSHEVROIL | SINOCHEM INTERNATIONAL OIL LONDON CO LTD | Energy-security-driven imports supporting China’s long-term refinery feedstock diversification and crude stockpiling strategy. |
| 5 | South Korea | $198,411,544,197 | 1.82% | TOO TENGIZSHEVROIL | MITSUI & CO ENERGY TRADING SINGAPORE PTE LTD | Key Asian refining market importing Kazakhstan crude for high-efficiency refinery operations and fuel output. |
Key trends and future outlook
In the first 11 months of the year, crude oil exports reached 73.4 million tons in Kazakhstan, already exceeding the full-year target of 70.5 million tons and marking a 16.1% year-on-year increase, reinforcing Kazakhstan’s role among leading crude oil exporters in the global crude oil trade.
Production growth was strong on paper, rising 14.1% year-on-year to 91.9 million tons, supported by large fields such as Tengiz, Kashagan, and Karachaganak. However, export performance remained highly exposed to infrastructure risk.
Key performance insights:
- The Caspian Pipeline Consortium (CPC) continued to dominate exports to Europe, but drone attacks, weather disruptions, and storage bottlenecks caused sharp short-term production drops, with output falling to 1.21 million bpd in January from 1.87 million bpd in December.
- Kazakhstan responded by rerouting volumes through China and the Baku–Tbilisi–Ceyhan (BTC) pipeline, reducing immediate supply pressure on Europe.
- Despite temporary losses, Kazakhstan still supplied around 2% of global oil, underlining its strategic weight in global crude oil export flows and sensitivity to global crude oil prices.
2. Brazil - US$38.54 billion
Does Brazil export crude oil?
Yes. Brazil is one of the world’s leading crude oil exporters, with total crude oil export value reaching US$38.54 billion in 2025, according to global trade flows captured by TradeInt’s global trade data. China alone accounts for over 50% of Brazil’s crude oil export value, while European hubs such as Portugal ($464 million), the Netherlands ($245 million), and Spain ($225 million) support downstream refining and redistribution across the EU.
Top 5 Brazilian crude oil export destinations in 2025:
- China– US$2.13 B (50.06%): Primary demand market importing Brazilian crude to support refinery feedstock needs and national energy security.
- Portugal– US$464.43 M (10.94%): European refining destination closely linked to Petrobras trading flows and downstream fuel processing.
- India– US$259.45 M (6.11%): Refinery-driven market sourcing Brazilian crude to diversify feedstock and meet rising fuel demand.
- Netherlands– US$244.81 M (5.77%): Strategic European energy hub enabling crude handling, blending, and redistribution across EU markets.
- Spain– US$224.50 M (5.77%): Southern European refining market processing Brazilian crude for domestic and regional fuel supply.
| Rank | Country | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | China | $2,123,219,006 | 50.06% | PETROLEO BRASILEIRO S A PETROBRAS | PETROBRAS GLOBAL | Primary demand to support refinery feedstock requirements, long-term supply contracts, and national energy security. |
| 2 | Portugal | $464,425,033 | 10.94% | PETROLEO BRASILEIRO S A PETROBRAS | PETRORAS GLOBAL | European refining destination tied to Petrobras trading flows and downstream fuel processing. |
| 3 | India | $259,448,991 | 6.11% | PETROLEO BRASILEIRO S A PETROBRAS | INDIAN OIL CORPORATION LIMITED | Refinery-driven demand market importing Colombian crude to support fuel consumption and throughput. |
| 4 | Netherlands | $244,809,301 | 5.77% | PETROLEO BRASILEIRO S A PETROBRAS | TOTSA TOTALENERGIES | Strategic European energy hub enabling crude storage, blending, and redistribution. |
| 5 | Spain | $224,503,986 | 5.77% | PETROLEO BRASILEIRO S A PETROBRAS | TOTSA TOTALENERGIES | Southern European refining market processing Brazilian crude for regional fuel supply. |
Key trends and future outlook
Crude production increased sharply after new offshore FPSOs came online, pushing monthly output above 4.0 million barrels per day in October. As a result, exports between January and September reached 79.8 million tonnes, up significantly from the same period in 2024. This growth strengthened Brazil’s role in the global crude oil trade, especially toward Asia.
Key points shaping Brazil’s oil export performance:
- China remained the largest buyer, absorbing a growing share of Brazilian crude and supporting long-haul global crude oil export flows.
- Europe, led by Spain and the Netherlands, continued to provide stable demand through refining and trading hubs.
- Exports to the U.S. declined slightly due to refinery maintenance and higher U.S. domestic production, but this did not slow overall export growth.
- Major ports such as Angra dos Reis and Açu handled higher volumes efficiently, supporting export reliability.
3. Argentina - US$20.9 billion
How much oil does Argentina export?
Argentina exports a significant quantity of approximately US$20.9 billion in 2025, based on global crude oil export trade data from TradeInt global trade intelligence platform. Argentina’s crude oil exports are largely driven by Vaca Muerta–backed production growth and are concentrated in European and regional South American refining markets.
Who are the top Argentina crude oil country buyers in 2025?
Argentina’s crude oil exports are primarily directed toward nearby refining markets and select European destinations, reflecting logistics efficiency and refinery demand, including:
- Spain– US$5.55B (26.55%): Major European refining destination importing Argentine crude for fuel production and downstream energy demand.
- Chile– US$5.46B (26.15%): Regional refining market sourcing Argentine crude to support domestic fuel supply and energy security.
- Uruguay– US$678.49M (3.25%): Neighboring energy-importing market relying on Argentine crude for refinery operations and fuel distribution.
- Brazil – US$474.20M (2.27%):Cross-border refining destination importing Argentine crude for regional fuel production and industrial use.
| Rank | Export Destination | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | 🔒 Unlock Global Crude Oil Import–Export Trade Data Intelligence | |||||
| 2 | Spain | $5,546,152,020 | 26.55% | COMPANIA DE HICROCARBURO NOCO | N/A | European refining destination importing Argentine crude for fuel production and downstream energy demand. |
| 3 | Chile | $5,462,058,299 | 26.15% | YPF SOCIEDAD ANONIMA | ENAP REFINERIAS S A | Regional refining market sourcing Argentine crude to support domestic fuel supply and energy security. |
| 4 | Uruguay | $678,488,030 | 3.25% | PAN AMERICAN ENERGY LLC SUCURSAL ARGENTINA | ADMINISTRACTION NACIONAL DE COMBUSTIBLES ALCOHOL Y PORTLAND | Neighboring energy-importing market relying on Argentine crude for refinery and fuel distribution needs. |
| 5 | Brazil | $474,204,557 | 2.27%% | TECPETROL S A | REFINARIA DE PETROLEO RIOGRANDENSE S A | Cross-border refining destination importing crude to support regional fuel production and industrial demand. |
Key trends and future outlook
Based on data from the eia, crude oil production increased from around 670,000 bpd in 2024 to roughly 740,000 bpd in 2025. At the same time, shale oil accounted for over 60% of total output, making Argentina one of the few crude oil exporters where shale is the main growth engine. This shift moved the country closer to the top 10 crude oil exporting countries.
Key export performance insights:
- Crude exports averaged about 180,000 bpd in the first half of 2025, up around 17% year on year, according to Energy Secretariat figures.
- Most export volumes were Medanito crude, a light and sweet grade that remains competitive even when global crude oil prices soften.
- Production reached a record 816,000 bpd in August 2025, confirming that export growth was supply-driven rather than price-led.
4. Mexico - US$16.6 billion
How much crude oil does Mexico export?
Mexico’s total export quantity reached approximately US$16.6 billion in 2025, based on shipment-level records from TradeInt’s global trade intelligence platform. Mexican crude oil exports are dominated by heavy and sour grades. The United States alone accounts for almost 50% of Mexico’s crude export value, while European and Asian markets provide additional diversification for refinery feedstock demand.
Top 5 Mexico crude oil export destinations in 2025:
Mexico’s crude oil exports are concentrated in a small number of refinery-optimized markets, reflecting grade compatibility, logistics proximity, and long-term trade relationships:
- United States– US$8.02B (48.26%): Primary destination supplying U.S. Gulf Coast refineries optimized for heavy and sour Mexican crude.
- Spain– US$3.12B (18.81%): The European refining and trading market imports Mexican crude for processing and regional fuel distribution.
- Cuba– US$2.88B (17.32%): Energy-dependent importers rely on Mexican crude for power generation and domestic fuel supply.
- South Korea– US$1.19B (7.16%): Asian refining destination sourcing Mexican crude to support refinery feedstock requirements and fuel production.
- Italy– US$478.29M (2.88%): The European refining market processes Mexican crude into fuels and downstream petroleum products.
| Rank | Country | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | United States | $8,015,674,777 | 48.26% | PETROLEOS MEXICANOS | VALERO MARKETING SUPPLY CO | Primary destination for Mexican crude, supplying U.S. Gulf Coast refineries optimized for heavy and sour oil processing. |
| 2 | Spain | $3,124,325,860 | 18.81% | PETROLEOS MEXICANOS | PMI COMERCIO INTERNACIONAL | European refining and trading market importing Mexican crude for processing and regional fuel distribution. |
| 3 | Cuba | $2,876,481,209 | 17.32% | GASOLINAS BIENESTAR | COREYDAN S A | Energy-dependent importer relying on Mexican crude for power generation and domestic fuel supply. |
| 4 | South Korea | $1,188,353,183 | 7.16% | PETROLEOS MEXICANOS | PMI COMERCIO INTERNACIONAL | Asian refining destination importing Mexican crude to support refinery feedstock needs and downstream fuel production. |
| 5 | Italy | $478,287,123 | 2.88% | PETROLEOS MEXICANOS | PMI COMERCIO INTERNACIONAL | European refining market sourcing Mexican crude for processing into fuels and downstream petroleum products. |
Key trends and future outlook
Average oil exports in Mexico declined 40% in 2025, from about 1.1 million bpd in 2020 to roughly 665,000 bpd in 2025, while December 2025 exports dropped to around 503,000 bpd, the lowest level this century. Notably, Maya crude exports fell by more than 80% from 2020 levels.
However, this was not caused by a similar drop in production, which declined by only around 100,000 bpd over the same period.
Instead, domestic refining absorbed more crude:
- Refinery throughput rose to around 1.14 million bpdin November 2025, marking an 11-year-all-time high
- Utilisation improved across most refineries, including Tula and Dos Bocas, according to Oilprice.com
Consequently, Mexico’s position among crude oil exporters weakened in volume terms. Nevertheless, the shift reduced reliance on fuel imports and limited exposure to global crude oil prices, marking a strategic move away from export-led growth rather than a loss of upstream capacity.
5. Colombia - US$8.3 billion
How much oil does Colombia export?
Colombia exports approximately US$8.3 billion in 2024–2025, based on crude oil trade records from TradeInt. Colombia’s crude oil exports are highly refinery-driven, with flows concentrated toward the United States, regional transit hubs, and select Asian and European markets.
Top 5 Colombia crude oil export destinations (2024–2025)
Colombia’s crude oil exports are concentrated in refinery-intensive and transit-oriented markets, supported primarily by state-owned exporter Ecopetrol:
- United States– US$3.30B (39.88%): Core refining destination processing Colombian crude for fuel production and downstream energy markets.
- Panama – US$2.58B (31.19%):Key transit and trading hub used for crude aggregation, storage, and onward shipment across the Americas.
- India – US$1.06B (12.79%):Refinery-driven demand market importing Colombian crude to support fuel consumption and refinery throughput.
- Netherlands– US$433.98M (5.24%): European energy gateway facilitating crude handling and redistribution across EU markets.
- China– US$419.07M (5.06%): Energy demand center sourcing Colombian crude for refinery intake and supply diversification.
| Rank | Country | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | United States | $3,302,733,230 | 39.88% | ECOPETROL S A | ECOPETROL US TRADING LLC | Core refining destination processing Colombian crude for fuel production and U.S. downstream energy markets. |
| 2 | Panama | $2,583,156,163 | 31.19% | ECOPETROL S A | DESCONOCIDO | Strategic transit and trading hub used for aggregation, storage, and onward crude redistribution. |
| 3 | India | $1,059,114,000 | 12.79% | ECOPETROL S A | RELIANCE INDUSTRIES LIMITED | Refinery-driven demand market importing Colombian crude to support fuel consumption and throughput. |
| 4 | Netherlands | $433,977,896 | 5.24% | ECOPETROL S A | DESCONOCIDO | European energy gateway facilitating crude handling and redistribution across EU markets. |
| 5 | China | $419,070,286 | 5.06% | ECOPETROL S A | DESCONOCIDO | Major Asian demand center sourcing Colombian crude to diversify refinery feedstock supply. |
Key trends and future outlook
Colombia continued exporting heavy and sour crude grades that were in high demand globally, but lower production volumes directly reduced export shipments and revenue in the global crude oil trade.
In detail, oil production in Colombia averaged around 750,000 bpd in 2024, yet output has been falling for years due to aging fields and the absence of discoveries. This trend continued in 2025, with oil exports showing clear pressure, according to Statista analysis:
- January crude export value fell 12.6% year on year, reflecting lower shipment volumes
- September crude shipments declined 11.9% year on year, despite growth in other export sectors
- Fuel and extractive exports dropped 19–22% in October, cutting foreign currency inflows
At the same time, Colombia’s crude remained competitive. Heavy and sour grades made up about 50% of production, and rising premiums for these grades as supplies from Venezuela and Mexico tightened. However, Colombia could not scale exports to capture this demand.
Looking ahead, industry forecasts expect output to fall around 16% between 2025 and 2028, potentially dropping to 640,000 bpd. Without new exploration or a policy shift, Colombia is likely to lose further ground among crude oil exporters, even as global crude oil prices and demand for heavy grades remain supportive.
6. Ecuador - US$6.9 billion
How much oil does Ecuador export?
According to TradeInt’s crude oil export trade data, Ecuador exports around US$6.9 billion in 2025. Ecuador’s crude oil exports are highly concentrated through Panama, which acts as the primary transit, storage, and trading hub. Regional South American refineries and selected U.S. and Asian markets provide additional demand.
Top 5 Ecuador crude oil export destinations in 2025:
Ecuador’s crude oil exports are routed primarily through transit hubs and nearby refining markets, supported by state-owned exporter Petroecuador:
- Panama – US$5.70B (82.66%):Primary transit and trading hub handling Ecuadorian crude aggregation, storage, and onward shipment.
- Peru – US$458.61M (6.65%):Regional refining market importing Ecuadorian crude to support domestic fuel supply and energy needs.
- Chile – US$371.71M (5.39%)Energy-importing market sourcing crude for refinery operations and national fuel consumption.
- United States – US$260.28M (3.77%): Key refining destination processing Ecuadorian crude for fuel production and downstream energy markets.
- China – US$66.59M (0.97%:Energy demand market importing limited volumes for refinery feedstock and supply diversification.
| Rank | Country | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | Panama | $5,700,886,073 | 82.66% |
EMPRESA PUBLICA DE HIDROCARBUROS DEL ECUADOR EP PETROECUADOR |
UNIPEC AMERICA INC | Primary transit and trading hub handling Ecuadorian crude for aggregation, storage, and onward shipment. |
| 2 | Peru | $458,610,767 | 6.65% |
EMPRESA PUBLICA DE HIDROCARBUROS DEL ECUADOR EP PETROECUADOR |
PETROLEOS DEL PERU PETROPERU SA |
Regional refining market importing crude to support domestic fuel supply and national energy needs. |
| 3 | Chile | $371,711,518 | 5.39% |
EMPRESA PUBLICA DE HIDROCARBUROS DEL ECUADOR EP PETROECUADOR |
ENAP REFINERIAS S A | Energy-importing market sourcing crude for refinery operations and national fuel consumption. |
| 4 | United States | $260,277,679 | 3.77% |
EMPRESA PUBLICA DE HIDROCARBUROS DEL ECUADOR EP PETROECUADOR |
SHELL WESTERN SUPPLY AND TRADING | Key refining destination processing Ecuadorian crude for fuel production and downstream energy markets. |
| 5 | China | $66,592,832 | 0.97% |
EMPRESA PUBLICA DE HIDROCARBUROS DEL ECUADOR EP PETROECUADOR |
TRAFIGURA PTE LTD | Energy demand market importing limited volumes of Ecuadorian crude for refinery feedstock and supply diversification. |
Key trends and future outlook
Ecuador’s crude oil export performance in 2024–2025 deteriorated mainly because production losses became structural, not temporary. According to Oilprice.com and Ecuador’s central bank, output fell from around 474,000 bpd in 2024 to roughly 439,000 bpd in 2025, cutting exportable supply by about 35,000 bpd.
This decline matters because oil remains Ecuador’s single most important export, accounting for nearly 30% of total export value and around one-third of government revenue. When production drops, exports and fiscal income weaken immediately.
This reduction was not gradual; it was operational. Data from Argus Media stated that:
- Pipeline outageson the OCP (450,000 bpd) and SOTE (360,000 bpd) systems caused around 23 days of shutdowns, immediately cutting export flows
- Yasuni (ITT) field closureslowered supply further, with ITT output averaging about 46,500 bpd in early 2025, down 20% from 2024, according to Petroecuador
- No offsetting production gainswere recorded elsewhere to replace these losses
Despite lower volumes, exports continued through active spot sales.
Nearly 4 million barrels were awarded in January 2025, followed by 13.68 million barrels contracted in December 2025 for delivery into early 2026. These deals helped maintain trade continuity but did not change the volume trend.
Therefore, crude and fuel export revenue was projected at about US$7 billion in 2025, down from approximately US$10 billion in 2024, a decline of around US$2.3 billion, driven primarily by lower exportable supply rather than weaker demand.
7. Malaysia - US$3 billion
How much oil does Malaysia export?
Malaysia exported approximately US$3 billion of crude oil in 2025, based on shipment-level data from TradeInt’s global trade intelligence. These exports are concentrated within the Asia-Pacific region, driven by Thailand and Australia, accounting for more than 65% of Malaysia’s crude oil export value, confirming Malaysia’s position as a regional crude supplier rather than a long-haul global exporter.
Top 5 Malaysia crude oil export destinations in 2025
Malaysia’s crude oil exports are concentrated in nearby refining and trading markets, supported by offshore production and regional demand:
- Thailand – US$1.05B (34.25%):Key regional refining destination importing Malaysian crude for fuel production and domestic energy demand.
- Australia – US$963.47M (31.53%):Stable Asia-Pacific market sourcing crude for refinery intake and energy supply diversification.
- Singapore – US$260.35M (8.52%):Regional trading and refining hub facilitating crude blending, storage, and re-exports.
- Brunei – US$220.93M (7.23%):Regional energy trade partner linked to short-haul crude flows within ASEAN markets.
- South Korea – US$193.91M (6.35%):Asian refining destination importing Malaysian crude to support refinery feedstock needs and fuel production.
| Rank | Country | Export Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | Thailand | $1,046,373,342 | 34.25% | PETCO TRADING LABUAN COMPANY LTD | CRUDE OIL TRADING DEPARTMENT | Key regional refining destination importing Malaysian crude for fuel production and domestic energy demand. |
| 2 | Australia | $963,466,227 | 31.53% | PETCO TRADING LABUAN COMPANY LTD | TO THE ORDER OF VITOL ASIA PTE LTD | Stable Asia-Pacific market sourcing crude for refinery intake and energy supply diversification. |
| 3 | Singapore | $260,345,074 | 8.52% | PTTEP SARAWAK OIL LTD | TO THE ORDER OF VITOL ASIA PTE LTD | Regional trading and refining hub facilitating crude blending, storage, and re-exports. |
| 4 | Brunei | $220,928,373 | 7.23% | N/A | N/A | Regional energy trade partner linked to short-haul crude flows within ASEAN markets. |
| 5 | South Korea | $193,910,324 | 6.35% | PETCO TRADING LABUAN COMPANY LTD | TO THE ORDER OF EXTAP A DIVISION | Asian refining destination importing Malaysian crude to support refinery feedstock needs and fuel production. |
Key trends and future outlook
Malaysia’s crude oil export performance in 2025 showed early-year weakness followed by a late-year recovery, resulting in uneven outcomes across the year. Based on data from the Department of Statistics Malaysia (DOSM), production improved in the second half of 2025, but this rebound only partially offset earlier export declines.
In particular, exports weakened in the H1 2025:
- Year-to-date until June 2025, crude oil export volume fell around 10–11% year on year
- Over the same period, export value declined about 17–19%, reflecting lower volumes and softer pricing
- June 2025 alone saw export value drop 36.8% year on year, showing limited supply rather than weak demand
However, conditions improved as production recovered.
In Q3 2025, crude oil and condensate output rose 7.9% quarter on quarter, reaching 45.1 million barrels. This marked the first sustained production rebound after several quarters of contraction and helped support export flows later in the year.
As a result, export momentum returned:
- October 2025 crude exports jumped nearly 40% month on month
- November exports rose a further 6%, supported by firmer global crude oil prices
Meanwhile, export destinations remained stable. Thailand and Australia continued to dominate purchases, with Thailand accounting for about 34.6% of crude export value in Q3. This reinforces Malaysia’s role in the global crude oil trade as a regional crude oil exporter serving nearby refining hubs.
8. Democratic Congo - US$2 billion
Does Congo produce crude oil?
Yes. The Democratic Republic of the Congo (DRC) produces and exports crude oil, with total crude oil export value reaching approximately US$2 billion in 2025. Crude oil exports are driven primarily by Muanda-based offshore production. Congo’s crude oil exports are small in scale but globally distributed, supplying Asian, European, African, and North American markets, collected by TradeInt’s global trade platform.
Top 5 Democratic Republic of the Congo crude oil export destinations in 2025
- China – US$587.65M (28.75%):Key demand center importing Congolese crude for refinery intake and long-term supply diversification.
- Indonesia – US$403.37M (19.74%):Asian refining destination sourcing crude to support domestic fuel production and refinery throughput.
- Greece – US$201.64M (9.87%):Mediterranean energy gateway facilitating crude processing and regional distribution.
- Liberia – US$143.63M (7.03%):Regional trading and bunkering-linked destination handling crude oil flows.
- Canada – US$126.13M (6.17%):Niche long-haul market importing limited volumes for refinery and trading operations.
| Rank | Country | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | China | $587,654,326 | 28.75% | MUANDA INTERNATIONAL OIL COMPANY | GEMOIL SINGAPORE PTE LTD | Key demand center importing Congolese crude for refinery intake and long-term supply diversification. |
| 2 | Indonesia | $403,371,663 | 19.74% | MUANDA INTERNATIONAL OIL COMPANY | BP OIL INTERNATIONAL LIMITED | Asian refining destination sourcing crude to support domestic fuel production and refinery throughput. |
| 3 | Greece | $201,637,799 | 9.87% | MUANDA INTERNATIONAL OIL COMPANY | BP OIL INTERNATIONAL LIMITED | Mediterranean energy gateway facilitating crude processing and regional distribution. |
| 4 | Liberia | $143,625,890 | 7.03% | MUANDA INTERNATIONAL OIL COMPANY | BP OIL INTERNATIONAL LIMITED | Regional trading and bunkering-linked destination handling crude oil flows. |
| 5 | Canada | $126,128,176 | 6.17% | MUANDA INTERNATIONAL OIL COMPANY | TRAFIGURA PTE LTD | Niche long-haul market importing limited volumes for refinery and trading operations. |
Key trends and future outlook
The Democratic Republic of the Congo’s crude oil export activity in 2025 remained limited and narrowly defined based on the available data.
The DRC’s record showed that in September 2025, the DRC exported US$1.89 million worth of crude petroleum to the United States, confirming active but small-scale participation in global crude oil trade.
For comparison, the DRC’s total exports to the U.S. reached nearly US$1.3 billion between January and July 2025, a figure largely supported by non-oil commodities.
9. Indonesia - US$1.4 billion
How much oil does Indonesia export?
Indonesia exports approximately US$1.4 billion of crude oil, based on 2025 shipment records from TradeInt’s global trade intelligence. Indonesia’s crude oil exports are highly concentrated through Singapore. This export structure reflects Indonesia’s role as a regionally integrated crude supplier, where production volumes are modest and closely tied to downstream trading and refining networks in Southeast Asia.
Who are the largest oil producers in Indonesia?
Indonesia’s crude oil exports are dominated by a small group of major upstream producers and operators, reflecting production concentration and export control:
- ExxonMobil Cepu Ltd:The largest crude oil exporter in Indonesia, accounting for nearly 79% of export value, with production centered on the Cepu Block and exports routed mainly through Singapore-based trading entities.
- Medco E&P Natuna Ltd:Key regional producer supplying crude to Thailand and regional refiners, supporting fuel and petrochemical demand across Southeast Asia.
- BP Berau Ltd:Offshore producer exporting limited volumes to South Korea and China, primarily for refinery throughput and downstream fuel production.
- Husky CNOOC Madura Ltd:Smaller-scale producer exporting niche volumes to European trading hubs, mainly for storage, financing, and redistribution purposes.
| Rank | Country | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | Singapore | $1,138,342,494 | 78.99% | EXXONMOBIL CEPU LTD | TO THE ORDER OF EXTAP A DIVISION OF EXXONMOBIL ASIA PACIFIC PTE LTD | Major oil trading hub handling Indonesian crude for aggregation, blending, and onward shipment. |
| 2 | Thailand | $195,162,866 | 13.54% | BUT MEDCO E P NATUNA LTD | GLENCORE SINGAPORE PTE LTD | Primary regional refining destination processing Indonesian crude for fuel and petrochemical use. |
| 3 | South Korea | $50,880,815 | 3.53% | BP BERAU LTD | TO THE ORDER OF BP SINGAPORE PTE LTD | Asian refining market importing crude for refinery throughput and downstream fuel production. |
| 4 | China | $29,946,347 | 2.08% | BP BERAU LTD | BP SINGAPORE PTE LTD | Energy demand center importing Indonesian crude to support refinery intake and supply diversification. |
| 5 | Netherlands | $9,096,518 | 0.63% | HUSKY CNOOC MADURA LTD | CREDIT EUROPE BANK N V | European trading and financial hub handling limited crude volumes for storage, financing, and downstream redistribution. |
Key trends and future outlook
Indonesia’s crude oil export performance in 2025 weakened sharply, with export declines driven by price pressure, currency strength, and oversupply in the global crude oil trade.
Crude oil export signals in 2025:
- In October 2025, crude oil exports dropped 54.68% year-on-year, making crude oil the single largest negative contributor to Indonesia’s monthly export performance.
- The decline alone subtracted 0.34 percentage pointsfrom total exports, showing its outsized impact despite crude oil being a smaller export category.
This sharp fall did not occur in isolation. It coincided with a broader downturn in the oil and gas sector:
- Oil-and-gas exports fell 33.60% YoY in October 2025, reaching US$0.89 billion.
- Cumulatively, January–October 2025 oil-and-gas exports declined 11% YoYto US$10.93 billion, confirming sustained weakness rather than a one-off drop.
Meanwhile, Indonesia’s total exports grew 6.96% YoY to US$234.04 billion, driven by manufacturing and agriculture. This contrast highlights that crude oil exports were not benefiting from global demand trends in 2025 and instead reinforced Indonesia’s declining role among crude oil exporters during the period.
10. Cameroon - US$910 million
Is Cameroon an oil exporter?
Yes. Cameroon exports crude oil, with a total export value of around US$910 million in 2025, as showcased by TradeInt’s global crude oil export trade data. Cameroon’s crude exports are relatively small but diversified, supplying Asian, European, and Middle Eastern.
Which company produces oil in Cameroon?
Cameroon’s crude oil exports are led by a small number of state-linked and international producers:
- STE Nat des Hydrocarbures (SNH)– Cameroon’s national oil company and the dominant crude exporter.
- Perenco Rio del Rey– Key offshore producer supporting export volumes and regional trade flows.
| Rank | Country | Value (US$) | Share (%) | Top Exporting Companies | Top Importing Companies | Economic Importance |
|---|---|---|---|---|---|---|
| 1 | China | $201,850,477 | 22.16% | STE NAT DES HYDROCARBURES | UNIPEC UK COMPANY LIMITED | Primary demand market importing Cameroonian crude for refinery feedstock and energy supply needs. |
| 2 | Netherlands | $194,542,609 | 21.36% | STE NAT DES HYDROCARBURES | SHELL INTERNATIONAL TRADING AND SHIPPING COMPANY LIMITED | European trading and refining hub facilitating crude storage, blending, and redistribution across EU markets. |
| 3 | France | $133,567,014 | 14.67% | STE NAT DES HYDROCARBURES | CENTRE DE DOCUMENTATION DE RECHERCHE ET D EXPERIMENTATIONS | Stable European refinery market supporting industrial fuel and transportation energy demand. |
| 4 | United Arab Emirates | $107,508,746 | 11.80% | PERENCO RIO DEL REY | TECHLOGIX TRADING LLC | Trading-led energy hub importing crude for aggregation and regional re-exports. |
| 5 | India | $73,889,321 | 8.11% | STE NAT DES HYDROCARBURES | INDIAN OIL CORPORATION LIMITED | Refinery-driven demand market importing Cameroonian crude to support fuel production and growing domestic energy consumption. |
Key trends and future outlook
Cameroon’s crude oil export performance in 2025 declined mainly because the country produced less oil, not because of weak demand in the global crude oil trade.
According to the Ecofin Agency, lower production reduced crude oil exports:
- Glencore’s crude oil output in Cameroon fell to 122,000 barrels in the first nine months of 2025, down from 176,000 barrels in 2024, a 31% drop.
- At the national level, the government cut its 2025 oil production estimate to 19.81 million barrels, from 20.71 million barrels.
Since Cameroon exports most of its crude oil, lower production means fewer barrels available for export. The decline reflects aging oil fields, natural depletion, and limited new investment, especially in fields operated by Perenco:
- The government reduced its budget oil price to US$66.94 per barrel, down from US$72.84, to reflect lower volumes and market uncertainty.
- Oil revenue remains important for funding development, so falling crude exports continued to strain public finances.
In short, Cameroon’s crude oil exports in 2025 fell because supply is shrinking, reinforcing a long-term decline among smaller crude oil exporters.
Conclusion
The top 10 crude oil exporting countries continued to dominate global energy trade in 2024–2025, generating a combined US$10.98 trillion in crude oil export value. Kazakhstan led by a wide margin with US$10.88 trillion, followed by Brazil (US$38.54 billion), Argentina (US$20.89 billion), Malaysia, and Colombia, reflecting a mix of large-scale producers and regionally focused exporters.
These figures highlight how supply capacity, field maturity, and trade routes shape export outcomes more than demand alone. All insights in this analysis are powered by TradeInt’s shipment-level trade data, enabling precise country, buyer, and volume tracking.
Book a TradeInt demo to explore tailored global trade data beyond crude oil, uncover hidden trends, and benchmark exporters with confidence.
FAQ
1. Which country exported the most crude oil in 2025?
Kazakhstan exported the most crude oil in 2025, with total crude oil export value reaching US$10.88 trillion. This dominance was driven by pipeline-based exports to Europe, mainly supplying Italy and the Netherlands, according to TradeInt’s crude oil/petroleum oil global export trade data.
2. What are the top 5 crude oil-producing countries?
The top crude oil exporters in 2025 were:
- Kazakhstan– US$10.88T
- Brazil– US$38.54B
- Argentina– US$20.89B
- Mexico– US$16.61B
- Colombia– US$8.28B
These countries led global crude oil trade through a mix of pipeline exports, offshore production, and refinery-driven demand.
Also read on: Which countries drive Brazil’s highest-value exports in 2024–2025
3. How can I check crude oil export data by country on TradeInt?
You can check crude oil export data by country on TradeInt by selecting the exporting country, choosing Export flow, and filtering by HS code for crude oil (HS 2709).
TradeInt shows export value, shipment volume, top destination countries, and buyer details for the selected year, including 2024–2025 data.
You can also: Search global crude oil import-export trade records
4.How does TradeInt identify top crude oil exporters and buyers?
TradeInt identifies top crude oil exporters and buyers by aggregating customs shipment records, port data, and trade declarations across multiple countries.
This allows users to see ranked exporters, importing countries, transaction values, and trading partners, making it easier to confirm who exports the most crude oil in 2025.
Want to see how this works practically? Book a TradeInt demo
5. Can TradeInt help exporters find crude oil buyers in specific markets?
Yes. TradeInt helps exporters find verified crude oil buyers by mapping real importers linked to historical shipments, including buyer names, destination ports, and trade frequency.
Exporters can use this data to build targeted buyer lists, focus on active importing countries, and assess market demand before outreach.
You can also: Explore global crude oil buyers with TradeInt’s Global Trade Search tool
