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Hydrocarbon derivatives: top exporters and importers (2024)

In 2024, world trade in hydrocarbon derivatives totaled $2.2 billion (1.4 million tonnes). The top exporters were Kuwait (37%), China (14%) and Germany (11%); the top importers were India (25%), Pakistan (9%) and Belgium (8%). Compared with 2019, the value rose 9%.

Summary

World trade
$2.2billion
Tonnes
1.4million tonnes
Price per tonne
$1,470
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Kuwait$802 million · 36.7%
  2. China$314 million · 14.4%
  3. Germany$237 million · 10.9%
  4. United States$131 million · 6%
  5. India$103 million · 4.7%
  6. Portugal$81 million · 3.7%
  7. Russia$53 million · 2.4%
  8. France$48 million · 2.2%
  9. South Korea$38 million · 1.8%
  10. Italy$38 million · 1.7%
  11. Switzerland$36 million · 1.6%
  12. Poland$29 million · 1.3%
  13. Japan$26 million · 1.2%
  14. Belgium$24 million · 1.1%
    re-exports
  15. Vietnam$22 million · 1%
  16. Czechia$20 million · 0.92%
  17. Spain$19 million · 0.88%
  18. Taiwan$13 million · 0.61%
  19. Pakistan$13 million · 0.59%
  20. United Kingdom$13 million · 0.59%

Top importers

  1. India$542 million · 24.8%
  2. Pakistan$195 million · 8.9%
  3. Belgium$180 million · 8.3%
    re-exports
  4. China$161 million · 7.4%
  5. United States$110 million · 5%
  6. Germany$85 million · 3.9%
  7. Malaysia$71 million · 3.2%
  8. Japan$60 million · 2.7%
  9. Taiwan$51 million · 2.4%
  10. South Korea$50 million · 2.3%
  11. Spain$49 million · 2.3%
  12. Sweden$37 million · 1.7%
  13. Israel$36 million · 1.6%
  14. Brazil$29 million · 1.3%
  15. Turkey$28 million · 1.3%
  16. Italy$27 million · 1.2%
  17. United Kingdom$24 million · 1.1%
  18. Saudi Arabia$23 million · 1.1%
  19. Ukraine$23 million · 1%
  20. France$23 million · 1%

Trend

Who sells it

Kuwait has been the top exporter since 2018

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

  • Kuwait 0.8
  • China 0.31
  • Germany 0.24
  • United States 0.13
  • India 0.1

Source: CEPII BACI

Show the numbers
Country19952024
Kuwait00.8
China0.040.31
Germany0.070.24
United States0.140.13
India0.030.1

Price

Implied price

The price per tonne stayed close to $1,470 since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,470

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,506
1996$1,345
1997$1,512
1998$1,222
1999$1,227
2000$1,201
2001$1,219
2002$1,111
2003$1,268
2004$1,328
2005$1,369
2006$1,543
2007$1,603
2008$1,972
2009$1,795
2010$1,754
2011$2,013
2012$1,870
2013$1,655
2014$1,351
2015$1,413
2016$1,467
2017$1,578
2018$1,427
2019$1,343
2020$1,022
2021$1,272
2022$2,297
2023$1,435
2024$1,470

What it includes

  • 2904 · Hydrocarbon derivatives

Products in the same chapter

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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