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World - Crude Oil and Processed Petroleum - Market Analysis, Forecast, Size, Trends And Insights

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Top 10 Crude Oil Importing Countries

h1 Countries That Import the Most Crude Oil h1

Crude oil is one of the most valuable and sought-after natural resources in the world. It serves as the primary source of energy and fuels various industries globally. While several countries produce crude oil, some nations heavily rely on imports to meet their energy demands. Here, we will explore the top 10 crude oil importing countries and delve into their significance in the global oil market.

h2 1. United States h2

The United States is the largest crude oil importer in the world. The country has a vast demand for oil due to its massive transportation sector and extensive industrial activities. The United States imports approximately 10 million barrels of crude oil per day, with Canada, Mexico, Saudi Arabia, and Iraq being the primary sources.

h2 2. China h2

As the world's second-largest economy, China heavily relies on crude oil imports to fuel its robust industrial sector. China imports around 8 million barrels of crude oil per day primarily from countries such as Russia, Saudi Arabia, Iraq, Angola, and Brazil.

h2 3. India h2

India's rapid economic growth and industrialization have led to a significant increase in its crude oil imports. The country imports approximately 5 million barrels of crude oil per day, with Iraq, Saudi Arabia, Iran, and the United Arab Emirates as its primary suppliers.

h2 4. Japan h2

Japan, being the third-largest economy globally, heavily relies on crude oil imports to meet its energy needs. The country imports around 4 million barrels of crude oil per day, and its primary suppliers include Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait.

h2 5. South Korea h2

South Korea has limited domestic oil production, which makes it heavily dependent on imports. The country imports approximately 3 million barrels of crude oil per day, primarily from Saudi Arabia, Kuwait, Iraq, and Qatar.

h2 6. Germany h2

Germany, as one of the leading industrial nations, relies heavily on crude oil imports to support its manufacturing sector. The country imports around 2.5 million barrels of crude oil per day, with Russia, the Netherlands, Norway, and the United Kingdom being the primary suppliers.

h2 7. Netherlands h2

The Netherlands is a significant crude oil importer due to its extensive refining capacity. The country imports approximately 2.1 million barrels of crude oil per day, primarily from countries such as Russia, the United Kingdom, Norway, and Kazakhstan.

h2 8. France h2

France is heavily reliant on crude oil imports to support its transportation and industrial sectors. The country imports around 1.7 million barrels of crude oil per day, with its primary suppliers being Russia, Iraq, Saudi Arabia, and Kazakhstan.

h2 9. Italy h2

Italy heavily depends on crude oil imports to meet its energy needs. The country imports approximately 1.6 million barrels of crude oil per day, primarily from countries such as Azerbaijan, Iraq, Russia, Saudi Arabia, and Kazakhstan.

h2 10. Spain h2

Spain heavily relies on imports to meet its energy demands, with crude oil serving as a primary energy source. The country imports around 1.4 million barrels of crude oil per day, mainly from countries such as Nigeria, Russia, Iraq, and Kazakhstan.

In conclusion, these top 10 crude oil importing countries play a vital role in the global oil market. Their significant demand for crude oil serves as a driving force in shaping the dynamics of the oil industry and influences worldwide oil prices. Understanding their import patterns and sources is crucial for maintaining a comprehensive overview of the global oil market.

This report provides an in-depth analysis of the global market for crude oil and processed petroleum. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023