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Who buys Saudi Arabia’s crude oil? Export destinations 2024

In 2024, Saudi Arabia exported $186.9 billion of crude oil (309.2 million tonnes), 14.3% of the world total. Its main destinations were China (26%), South Korea (16%) and Japan (15%). Saudi Arabia was the world’s largest exporter of crude oil.

Summary

Value
$186.9billion
Tonnes
309.2million tonnes
Share of world total
14.3%
World rank
1st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China47.9Tonnes: 78,637,619USD per tonne: $60925.6%Sea
South Korea29.5Tonnes: 47,806,530USD per tonne: $61715.8%Sea
Japan28.7Tonnes: 46,433,650USD per tonne: $61915.4%Sea
India19.6Tonnes: 31,723,400USD per tonne: $61810.5%Sea
United States8.4Tonnes: 15,604,927USD per tonne: $5354.5%Sea
Poland8Tonnes: 13,375,532USD per tonne: $6014.3%Sea
Taiwan7.6Tonnes: 14,399,200USD per tonne: $5254.1%Sea
Malaysia5.6Tonnes: 9,307,595USD per tonne: $6053%Sea
Thailand3.9Tonnes: 5,884,972USD per tonne: $6552.1%Sea
Pakistan3.2Tonnes: 5,542,066USD per tonne: $5801.7%Sea
Netherlands re-exports2.5Tonnes: 4,002,790USD per tonne: $6331.4%Sea
Lithuania2.2Tonnes: 3,709,770USD per tonne: $6051.2%Sea
Singapore re-exports2.2Tonnes: 3,538,560USD per tonne: $6211.2%Sea
Italy2.1Tonnes: 3,573,950USD per tonne: $5841.1%Sea
Spain2.1Tonnes: 3,529,560USD per tonne: $5891.1%Sea
Indonesia2.1Tonnes: 3,428,430USD per tonne: $5991.1%Sea
Brazil2Tonnes: 3,187,637USD per tonne: $6171.1%Sea
Philippines1.8Tonnes: 3,193,360USD per tonne: $5620.96%Sea
Canada1.4Tonnes: 2,255,225USD per tonne: $6280.76%Sea
Greece1.3Tonnes: 2,160,865USD per tonne: $6010.7%Sea

Trend

Who it sells to

China has been its main destination since 2019

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

  • China 47.9
  • South Korea 29.5
  • Japan 28.7
  • India 19.6
  • United States 8.4

Source: CEPII BACI

Show the numbers
Partner19952024
China0.0547.9
South Korea429.5
Japan6.828.7
India0.8619.6
United States7.98.4

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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