Quick Answer: Who Is The Number One Exporter Of Petroleum Products?

Which country is the world’s top oil exporter?

Saudi Arabia is the top country by exports of crude oil in the world. As of April 2021, exports of crude oil in Saudi Arabia was 5,408 thousand barrels per day. The top 5 countries also includes Iraq, Canada, the United States of America, and Kuwait.

Who is the number 1 exporter in the world?

China has been the largest exporter of goods in the world since 2009, and total Chinese exports amounted to $2.641 trillion in 2019.

Who is the top exporter of oil 2020?

Saudi Arabia Officially known as the Kingdom of Saudi Arabia, the country of Saudi Arabia had long been the world’s number one oil exporter. Formed in 1932, Saudi Arabia was responsible for 12% of global oil exports in 2020.

What 5 countries do we import the most from?

The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.

Who has the most natural gas in the world?

Russia has the largest proved natural gas reserves in the world. As of 2020, it had 37.4 trillion cubic meters worth of the fossil fuel, three trillion cubic meters more than ten years prior.

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How much oil is left in the world?

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

Who has the most oil in the world 2020?

Venezuela has the largest amount of oil reserves in the world with 300.9 billion barrels. Saudi Arabia has the second-largest amount of oil reserves in the world with 266.5 billion barrels. Despite Venezuela’s large supply of natural resources, the country still struggles economically and its people are going hungry.

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