globaltraffic.earth

Open-chain hydrocarbons: top exporters and importers (2024)

In 2024, world trade in open-chain hydrocarbons totaled $26.2 billion (35 million tonnes). The top exporters were the United States (32%), South Korea (14%) and the Netherlands (7%); the top importers were China (26%), Belgium (8%) and the United States (5%). Compared with 2019, the value rose 5%.

Summary

World trade
$26.2billion
Tonnes
35million tonnes
Price per tonne
$747
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. United States$8.3 billion · 31.8%
  2. South Korea$3.7 billion · 14.3%
  3. Netherlands$1.8 billion · 6.8%
    re-exports
  4. Belgium$1.1 billion · 4.4%
    re-exports
  5. Canada$1.1 billion · 4.3%
  6. Germany$1.1 billion · 4.3%
  7. Japan$1.1 billion · 4%
  8. Singapore$728 million · 2.8%
    re-exports
  9. Malaysia$727 million · 2.8%
  10. South Africa$592 million · 2.3%
  11. United Kingdom$580 million · 2.2%
  12. China$531 million · 2%
  13. Norway$354 million · 1.4%
  14. Qatar$342 million · 1.3%
  15. France$331 million · 1.3%
  16. Italy$305 million · 1.2%
  17. Spain$291 million · 1.1%
  18. Brazil$258 million · 0.99%
  19. Saudi Arabia$257 million · 0.98%
  20. India$253 million · 0.97%

Top importers

  1. China$6.8 billion · 25.9%
  2. Belgium$2.2 billion · 8.3%
    re-exports
  3. United States$1.4 billion · 5.5%
  4. Germany$1.4 billion · 5.4%
  5. South Korea$1.4 billion · 5.2%
  6. Indonesia$1.3 billion · 5.1%
  7. Netherlands$1.1 billion · 4.2%
    re-exports
  8. India$867 million · 3.3%
  9. France$833 million · 3.2%
  10. Taiwan$702 million · 2.7%
  11. Japan$650 million · 2.5%
  12. Canada$650 million · 2.5%
  13. Sweden$548 million · 2.1%
  14. Mexico$494 million · 1.9%
  15. Singapore$431 million · 1.7%
    re-exports
  16. Saudi Arabia$396 million · 1.5%
  17. United Kingdom$374 million · 1.4%
  18. Malaysia$363 million · 1.4%
  19. Norway$321 million · 1.2%
  20. Thailand$308 million · 1.2%

Trend

Who sells it

The United States has been the top exporter since 2018

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

  • United States 8.3
  • South Korea 3.7
  • Netherlands 1.8
  • Belgium 1.1
  • Canada 1.1

Source: CEPII BACI

Show the numbers
Country19952024
United States0.48.3
South Korea0.313.7
Netherlands0.691.8
Belgium0.341.1
Canada0.11.1

Price

Implied price

The price per tonne rose 53% since 1995

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

  • 2024: $747

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$489
1996$413
1997$482
1998$372
1999$372
2000$528
2001$472
2002$441
2003$540
2004$709
2005$843
2006$999
2007$1,088
2008$1,314
2009$863
2010$1,137
2011$1,492
2012$1,406
2013$1,333
2014$1,304
2015$836
2016$742
2017$870
2018$947
2019$782
2020$636
2021$858
2022$954
2023$757
2024$747

What it includes

  • 2901 · Open-chain hydrocarbons

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.

See all products