Global purchases of imported crude oil totaled US$803.1 billion in 2015.
Overall, the value of crude oil imports for all importing countries was down by an average -51.6% since 2011 when crude oil purchases were valued at $1.659 trillion.
The 4-digit Harmonized Tariff System code prefix for crude oil is 2709.
Among continents, Asian countries accounted for the highest dollar worth of imported crude oil during 2015 with purchases valued at $379.5 billion or 47.3% of the global total. In second place were European Union members at 29.2% while 18.1% of worldwide crude oil imports were delivered to North America.
The 4-digit Harmonized Tariff System code prefix for crude oil is 2709.
Below are the 15 countries that imported the highest dollar value worth of crude oil during 2015:
- China: US$134.3 billion (16.7% of global crude oil imports)
- United States: $132.6 billion (16.5%)
- India: $72.3 billion (9%)
- South Korea: $55.1 billion (6.9%)
- Japan: $45 billion (5.6%)
- Germany: $36.4 billion (4.5%)
- Netherlands: $35.4 billion (4.4%)
- Spain: $24.8 billion (3.1%)
- Italy: $23.7 billion (3%)
- France: $22.9 billion (2.8%)
- Thailand: $19.5 billion (2.4%)
- United Kingdom: $18.4 billion (2.3%)
- Singapore: $18.2 billion (2.3%)
- Taiwan: $16.1 billion (2%)
- Belgium: $14.8 billion (1.8%)
The listed 15 countries purchased 83.4% of all crude oil imports in 2015 (by value).
Among the above countries, the fastest-declining crude oil importers since 2011 were: Japan (down -68.3%), United States (down -61.3%), United Kingdom (down -59.4%) and Italy (down -59%).
Not one of these top importers experienced a boost in the value of their crude oil purchases from 2011 to 2015.
Crude Oil Imports into China
Below are the top 15 suppliers from which China imported the highest dollar value worth of crude oil during 2015. Within parenthesis is the percentage change in value for each supplier since 2011.
- Saudi Arabia: $20.8 billion (down -46.7%)
- Russia: $17.2 billion (up 5.7%)
- Angola: $15.9 billion (down -35.9%)
- Oman: $14 billion (up 1.1%)
- Iraq: $12.7 billion (up 21.4%)
- Iran: $10.7 billion (down -50.8%)
- Kuwait: $5.7 billion (down -22.3%)
- Brazil: $5.3 billion (up 8.6%)
- United Arab Emirates: $5.1 billion (down -7%)
- Venezuela: $5.1 billion (down -30.3%)
- Colombia: $3.1 billion (up 92.2%)
- Sudan (North + South): $2.9 billion (down -69.4%)
- Congo: $2.3 billion (down -46.9%)
- Kazakhstan: $1.9 billion (down -78.7%)
- Australia: $1 billion (down -69.4%)
The listed 15 countries shipped 92.1% of all Chinese crude oil imports in 2015.
Among the above countries, the fastest-declining suppliers of crude oil to China since 2011 were: Kazakhstan (down -78.7%), Australia (down -69.4%), Sudan (down -69.4%) and Iran (down -50.8%).
Those countries that upped the value of their crude oil supplies to Chinese importers were: Colombia (up 92.2%), Iraq (up 21.4%), Brazil (up 8.6%) and Russia (up 5.7%).
Overall, the value of Chinese crude oil imports were down by an average -31.7% from all supplying countries since 2011 when crude oil purchases were valued at $196.8 billion.
Crude Oil Imports into the United States
Below are the top 15 suppliers from which the US imported the highest dollar value worth of crude oil during 2015. Within parenthesis is the percentage change in value for each supplying country since 2011.
- Canada: $49.9 billion (down -27.9%)
- Saudi Arabia: $21.7 billion (down -54%)
- Venezuela: $13.7 billion (down -63.8%)
- Mexico: $12.8 billion (down -68%)
- Colombia: $7.4 billion (down -49.9%)
- Iraq: $4.6 billion (down -73.7%)
- Kuwait: $4.5 billion (down -41.8%)
- Ecuador: $4.4 billion (down -41.2%)
- Brazil: $3.9 billion (down -58.9%)
- Angola: $2.6 billion (down -80.2%)
- Nigeria: $1.4 billion (down -95.8%)
- Chad: $1.3 billion (down -58.6%)
- Indonesia: $799.3 million (up 7.2%)
- Russia: $785.7 million (down -91.1%)
- Argentina: $460.1 million (down -58.8%)
The listed 15 countries shipped 98.2% of all American crude oil imports in 2015.
Among the above countries, the fastest-declining suppliers of crude oil to America since 2011 were: Nigeria (down -95.8%), Russia (down -91.1%), Angola (down -80.2%) and Iraq (down -73.7%).
The sole country that upped the value of its crude oil supplies to American importers was Indonesia with a 7.2% gain.
Overall, the value of American crude oil imports were down by an average -61.3% from all supplying countries since 2011 when crude oil purchases were valued at $342.8 billion.
Crude Oil Imports into India
Below are the top 15 suppliers from which India imported the highest dollar value worth of crude oil during 2015. Within parenthesis is the percentage change in value for each supplying country since 2011.
- Saudi Arabia: $14.8 billion (down -37%)
- Iraq: $11.2 billion (down -35.2%)
- Nigeria: $9.2 billion (down -27.6%)
- Venezuela: $6.6 billion (up 9.8%)
- United Arab Emirates: $6.2 billion (down -42.2%)
- Kuwait: $4.6 billion (down -63.6%)
- Iran: $4.1 billion (down -56.4%)
- Angola: $3 billion (down -48.7%)
- Mexico: $1.8 billion (up 31%)
- Qatar: $1.5 billion (down -68.3%)
- Malaysia: $1.4 billion (down -25.5%)
- Brazil: $1.3 billion (down -38.8%)
- Egypt: $968 million (down -56.2%)
- Cameroon: $665.5 million (up 125%)
- Brunei Darussalam: $603.2 million (down -13.9%)
The listed 15 countries shipped 94.4% of all Indian crude oil imports in 2015.
Among the above countries, the fastest-declining suppliers of crude oil to India since 2011 were: Qatar (down -68.3%), Kuwait (down -63.6%), Iran (down -56.4%) and Egypt (down -56.2%).
Those only top countries that upped the value of their crude oil supplies to Indian importers were: Cameroon (up 125%), Mexico (up 31%) and Venezuela (up 9.8%).
Overall, the value of Indian crude oil imports were down by an average -40.8% from all supplying countries since 2011 when crude oil purchases were valued at $122.1 billion.