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Who buys Russia’s crude oil? Export destinations 2024

In 2024, Russia exported $124.2 billion of crude oil (216.8 million tonnes), 9.5% of the world total. China bought 50% of the total, followed by India (42%) and Hungary (2%). Russia was the world’s 2nd-largest exporter of crude oil.

Summary

Value
$124.2billion
Tonnes
216.8million tonnes
Share of world total
9.5%
World rank
2nd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 14 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China62.6Tonnes: 108,469,240USD per tonne: $57750.4%Land
India52.7Tonnes: 92,008,859USD per tonne: $57342.5%Sea
Hungary2.3Tonnes: 4,561,540USD per tonne: $5041.9%Sea
Slovakia2.2Tonnes: 4,246,803USD per tonne: $5111.8%Sea
Czechia1.6Tonnes: 2,715,880USD per tonne: $5831.3%Sea
Azerbaijan0.91Tonnes: 1,672,840USD per tonne: $5420.73%Land
Brunei0.83Tonnes: 1,219,420USD per tonne: $6770.66%Sea
Netherlands re-exports0.67Tonnes: 1,163,950USD per tonne: $5790.54%Sea
Uzbekistan0.28Tonnes: 478,662USD per tonne: $5910.23%Sea
Brazil0.08Tonnes: 106,302USD per tonne: $7290.06%Sea
Malaysia0.05Tonnes: 93,422USD per tonne: $5190.04%Sea
Germany0.01Tonnes: 21,245USD per tonne: $3410.01%Sea
Georgia0.01Tonnes: 10,534USD per tonne: $5550%Land
Armenia< 0.01Tonnes: 422USD per tonne: $6760%Sea

Trend

Who it sells to

China has been its main destination since 2004

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

  • China 62.6
  • India 52.7
  • Hungary 2.3
  • Slovakia 2.2
  • Czechia 1.6

Source: CEPII BACI

Show the numbers
Partner19952024
China< 0.0162.6
India052.7
Hungary0.642.3
Slovakia0.622.2
Czechia0.81.6

Sources and methodology

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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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