Key Highlights

• An outline of the largest exporters of crude oil and the world's crude market.

• Crude oil exports totalled $2.71 billion worldwide between August 2024 and July 2025.

• The HS code for crude oil is 2709.

• Too Tengizchevroil​ is the largest crude oil exporter.

Kazakhstan ranked first among the top  crude oil exporters from Aug 2024 to July 2025.

Crude Oil Exporters Market

The crude oil export market is an organisation limited to a number of the biggest crude oil exporters and the OPEC+ organisation. The growth of crude oil marketed is projected to be long-term, although there are possibilities of supply challenges from the non-OPEC countries that are also paying.

Due to crude oil's economic value being equivalent to gold, it is also referred to as 'black gold.' Monetary gains, surplus domestic production, the need to balance trade deficits, and a lack of required infrastructure are varied elements that drive the global export of crude oil. Here are the top crude oil exporters across the globe.

Top Crude Oil Exporters

 

OPEC crude oil and the effects on the crude oil market of OPEC, non-OPEC, and OPEC+? 

• OPEC: Organisation of Petroleum Exporting Countries.

• Non-OPEC: Oil-producing countries that are not included in OPEC.

• OPEC+: An alliance of OPEC and Non-OPEC

The oil produced by Organisation of Petroleum Exporting Countries members is known as Opec crude oil. OPEC+ significantly impacts the crude oil market by controlling the demand and supply of crude oil. It works towards stabilising the global crude oil price.

Crude Oil Export by Country & Their Exports Value During 2024-2025

• Kazakhstan – $64.18 Billion

• Russia – $30.43 Billion

• Mexico – $24.81 Billion

• Argentina – $19.47 Billion

• Colombia – $8.29 Billion

Top Buyers for Crude Oil Exporters

• M.I. Comercio Internacional S.A. De C.V.​

• Litasco Middle East Dmcc​

• China National Associated Petroleum Corporation​

• Kazmunaygas Trading Ag​

• Shell International Trading And Shipping Company Limited​
  
  

In A Nutshell

The business of crude oil export has been growing in line with the world's growing economy. Advanced infrastructure, geopolitical events and evolving alliances between crude oil-producing nations.

If you are planning to expand your import/export business, you can start by monitoring your competitors' businesses, learning market trends, and reaching out to the verified buyers through the Ex-Im app by The Dollar Business. 

Frequently Asked Questions (FAQs)

1. Who is the largest exporter of crude oil?
Saudi Arabia is the world's largest exporter of crude oil. The other crude oil exporters in the top exporters list include

2. Is India a big exporter of oil?
India is one of the  largest importers of oil rather than a major exporter. India imported $149.57 billion worth of crude oil from 2024 to 2025.

3. Who is India’s biggest oil supplier?
The United Arab Emirates, Iraq, Russia and Saudi Arabia​ are India’s biggest crude oil exporters, while the import value fluctuates over time. If you aim to enter the global import-export market, you can start by tracking the market trends and reaching out to verified buyers/sellers through the Ex-Im application.

4. What factors impact the pricing of crude oil globally?
The global pricing of crude oil is impacted by multiple factors like market demand and supply, geopolitical events, the strength of the US dollar, economic growth, OPEC decisions, natural disasters, and infrastructure issues.

5. Can I import crude oil in India?
Yes, crude oil import can be done by any registered business with the required certifications and resources. However, the import is done by public sector undertakings and large-scale businesses like Reliance and Nayara Energy, who own the required infrastructure for refining and distribution.

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