Texan Oil Refinery

Worldwide sales for exports of refined petroleum oils from all countries totaled US$808.7 billion in 2025.

The overall value of exported refined petroleum oils rose by an average 3.9% for all exporting countries since 2021 when refined oil shipments were valued at $778.2 billion.

Year over year, the value of global refined oil exports fell by -9.8% compared to $896.7 billion starting from 2024.

The 5 biggest exporters of processed petroleum oils in 2025 were suppliers in the United States of America, India, Netherlands, Singapore and South Korea. Collectively, that powerful cohort of processed fuel exporters accounted for almost two-fifths (39.1%) of all globally exported refined petroleum oils by value.

Among continents, shippers in Asia delivered the highest dollar worth of refined oil exports during 2025 with shipments valued at $366.1 billion or 45.5% of the global total. In second place were exporters based in Europe at 32.7% while another 15.9% of refined oil shipments originated from North America.

Smaller percentages came from sellers in Africa (3.3%), Latin America (2.2%) excluding Mexico but including the Caribbean, then Oceania (0.5%) led by Australia, Fiji and Marshall Islands.

For research purposes, the 4-digit Harmonized Tariff System code prefix is 2710 for refined petroleum oils. That category excludes crude oil.

Below are the 25 countries that exported the highest dollar value worth of refined oil during 2025.

1. United States: US$109.5 billion (13.5% of refined oil exports)
2. India: $56.2 billion (7%)
3. Netherlands: $54.7 billion (6.8%)
4. Singapore: $51.5 billion (6.4%)
5. South Korea: $44.5 billion (5.5%)
6. United Arab Emirates: $40.1 billion (5%)
7. Russia: $39.6 billion (4.9%)
8. mainland China: $39.4 billion (4.9%)
9. Belgium: $33.3 billion (4.1%)
10. Kuwait: $22.5 billion (2.8%)
11. Malaysia: $22.2 billion (2.7%)
12. Germany: $19.4 billion (2.4%)
13. Italy: $14.5 billion (1.8%)
14. Spain: $14.1 billion (1.7%)
15. Canada: $13.3 billion (1.7%)
16. Oman: $12.6 billion (1.6%)
17. Türkiye: $12.4 billion (1.5%)
18. Qatar: $12.2 billion (1.5%)
19. Taiwan: $12 billion (1.5%)
20. Greece: $11.8 billion (1.5%)
21. United Kingdom: $10.9 billion (1.3%)
22. Brazil: $10.4 billion (1.3%)
23. France: $10.2 billion (1.3%)
24. Iraq: $8.5 billion (1%)
25. Sweden: $8.1 billion (1%)

Countries Generating Largest Trade Surpluses from Refined Oil

The following countries posted the highest positive net exports for refined petroleum oils during 2025. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s refined oil exports and its import purchases for that same commodity.

1. United States: US$60.5 billion (net export surplus up 2.9% since 2024)
2. India: $46.5 billion (down -20%)
3. Russia: $39 billion (down -18.9%)
4. United Arab Emirates: $31.2 billion (up 28.3%)
5. Netherlands: $27.6 billion (down -3.6%)
6. South Korea: $23.5 billion (down -4.7%)
7. Kuwait: $22.3 billion (down -24.7%)
8. mainland China: $15.3 billion (up 16.8%)
9. Qatar: $11.8 billion (up 56.5%)
10. Belgium: $7.8 billion (down -33.7%)
11. Oman: $7.55 billion (up 18%)
12. Iraq: $7.53 billion (down -39%)
13. Greece: $7.4 billion (down -26.7%)
14. Algeria: $7.2 billion (down -12.2%)
15. Singapore: $6.8 billion (up 266.2%)

The United States of America, India and the Russian Federation generated the highest surpluses in the international trade of refined oil. In turn, their positive cashflows confirm those countries’ competitive advantages for this specific product category.

Countries Causing Worst Trade Deficits from Refined Oil

The following countries posted the highest negative net exports for refined petroleum oils during 2025. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s refined oil import purchases and its exports for that same commodity.

1. Australia: -US$25.4 billion (net export deficit down -10.3% since 2024)
2. Mexico: -$19.3 billion (down -24%)
3. Indonesia: -$15.8 billion (down -11.6%)
4. United Kingdom: -$12.7 billion (down -6.1%)
5. France: -$12.2 billion (down -28.7%)
6. Saudi Arabia: -$11 billion (down -13.1%)
7. South Africa: -$10.3 billion (up 10.5%)
8. Hong Kong: -$9.3 billion (down -7.6%)
9. Philippines: -$8.8 billion (down -19.1%)
10. Japan: -$8.7 billion (down -16.7%)
11. Vietnam: -$7.4 billion (down -4.5%)
12. Morocco: -$7 billion (down -2.4%)
13. Egypt: -$6 billion (up 5.1%)
14. Ukraine: -$5.6 billion (down -18%)
15. Chile: -$5.5 billion (down -4.4%)

Australia incurred the highest deficit in the international trade of processed petroleum oils. In turn, this negative cashflow highlights that country’s competitive disadvantages for this specific product category but also signals opportunities for refined oil-supplying competitors to help satisfy the powerful demand among consumers and businesses.

Refined Oil Exporting Companies

According to Forbes Global 2000 rankings, the following oil and gas companies are among the top 40 largest companies in the world.

• Exxon Mobile (United States)
• PetroChina (China)
• Royal Dutch Shell (Netherlands)
• BP (United Kingdom)
• Chevron (United States)
• Gazprom (Russia)
• Total (France)
• Sinopec-China Petroleum (China)
• Petrobras (Brazil)
• Rosneft (Russia)