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Who buys Equatorial Guinea’s crude oil? Export destinations 2024

In 2024, Equatorial Guinea exported $2.3 billion of crude oil (3.7 million tonnes), 0.2% of the world total. Its main destinations were China (34%), Spain (29%) and Italy (11%). Equatorial Guinea was the world’s 34th-largest exporter of crude oil.

Summary

Value
$2.3billion
Tonnes
3.7million tonnes
Share of world total
0.2%
World rank
34th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 12 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
China779Tonnes: 1,225,519USD per tonne: $63634.4%Sea
Spain645Tonnes: 1,124,960USD per tonne: $57328.5%Sea
Italy243Tonnes: 407,522USD per tonne: $59710.8%Sea
Indonesia172Tonnes: 235,148USD per tonne: $7307.6%Sea
France91.2Tonnes: 145,743USD per tonne: $6264%Sea
United Kingdom79.4Tonnes: 118,048USD per tonne: $6733.5%Sea
Netherlands re-exports77.1Tonnes: 139,102USD per tonne: $5543.4%Sea
South Korea75.8Tonnes: 117,127USD per tonne: $6483.4%Sea
Thailand50.3Tonnes: 59,500USD per tonne: $8452.2%Sea
Germany30.1Tonnes: 50,871USD per tonne: $5921.3%Sea
India19.1Tonnes: 28,695USD per tonne: $6660.85%Sea
Singapore re-exports< 0.01Tonnes: 0USD per tonne: $3,7750%Sea

Trend

Who it sells to

China has been its main destination since 2017

Value in USD billions. The five largest destinations in 2024.

  • China 0.78
  • Spain 0.64
  • Italy 0.24
  • Indonesia 0.17
  • France 0.09

Source: CEPII BACI

Show the numbers
Partner19952024
China00.78
Spain00.64
Italy00.24
Indonesia00.17
France00.09

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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