# Russia Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils price positioning (HS 271000)

Canonical: https://www.yugalinks.com/trade/price-exporter/rus/271000
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Russia has a median reported export price of $561.0/t across 181 markets. Across the reported period, the highest observed price is $3.7M/t in Nigeria; the lowest is $34.5/t in Papua New Guinea.

## Summary

- Price spread: 650,938.7%
- Total trade value: $314.5B
- Average quantity: 878,216 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Turkey | 2023 | $729.4/t | -52.1% | -19.1% | +56.1% | $29.2B | 5 | Below |
| China | 2023 | $533.0/t | -50.8% | -16.6% | -0.4% | $20.6B | 5 | Below |
| Brazil | 2023 | $801.7/t | -28.5% | -1.4% | +55.5% | $7.7B | 5 | Below |
| India | 2023 | $522.1/t | -45.5% | -5.9% | +21.2% | $9.8B | 5 | Below |
| USA, Puerto Rico and US Virgin Islands | 2022 | $610.7/t | -41.3% | +161.1% | +40.8% | $23.8B | 4 | Below |
| Singapore | 2023 | $541.0/t | -6.8% | -10.7% | +43% | $11.4B | 5 | Mid |
| Saudi Arabia | 2023 | $943.1/t | -24.6% | +3.7% | +255.6% | $3.0B | 5 | Mid |
| Mongolia | 2023 | $781.3/t | -80.1% | -14.9% | +24.1% | $6.0B | 5 | Below |
| Malaysia | 2023 | $536.9/t | -54.3% | -25.2% | +97.4% | $3.6B | 5 | Below |
| Tunisia | 2023 | $781.5/t | -46.2% | -25.5% | +84.8% | $2.4B | 5 | Below |
| Nigeria | 2023 | $3.7M/t | +277,051% | +4,155.7% | +684,791.3% | $1.6B | 5 | Above |
| Other Asia, nes | 2023 | $503.4/t | -62.7% | -99.9% | +21.7% | $2.7B | 5 | Below |
| Ghana | 2023 | $756.4/t | -26.7% | -35.6% | +80.8% | $1.1B | 5 | Below |
| Uzbekistan | 2023 | $512.9/t | -74.3% | -31.5% | +11.5% | $2.5B | 5 | Below |
| United Arab Emirates | 2023 | $681.4/t | -36.4% | -20% | +97.2% | $1.8B | 5 | Below |
| Papua New Guinea | 2023 | $34.5/t | -86.8% | -99.9% | -87.9% | $142.0K | 5 | Below |

## Price history

- Turkey: 2017 $467.4/t, 2019 $536.9/t, 2020 $342.8/t, 2022 $901.5/t, 2023 $729.4/t
- China: 2017 $535.2/t, 2019 $527.8/t, 2020 $400.6/t, 2022 $639.0/t, 2023 $533.0/t
- Brazil: 2017 $515.7/t, 2019 $560.5/t, 2020 $680.2/t, 2022 $812.9/t, 2023 $801.7/t
- India: 2017 $430.7/t, 2019 $387.1/t, 2020 $211.7/t, 2022 $555.0/t, 2023 $522.1/t
- USA, Puerto Rico and US Virgin Islands: 2017 $433.8/t, 2019 $920.1/t, 2020 $233.9/t, 2022 $610.7/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $445.0/t | Not reported | $68.8B | 156 |
| 2019 | $582.3/t | +30.9% | $74.8B | 157 |
| 2020 | $337.6/t | -42% | $44.7B | 151 |
| 2022 | $831.4/t | +146.3% | $72.3B | 109 |
| 2023 | $682.8/t | -17.9% | $53.9B | 89 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 181 importer markets; 662 reported market-year observations.

## FAQ

### What does Russia price positioning show for HS 271000?

It compares Russia's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "RUS",
  "hs_code": "271000",
  "summary": {
    "num_markets": 181,
    "highest_price_importer_iso3": "NGA",
    "highest_price_usd_per_ton": 3651790.417681306,
    "lowest_price_importer_iso3": "PNG",
    "lowest_price_usd_per_ton": 34.49815333414506,
    "median_price_across_markets": 560.9984256611996,
    "price_spread_pct": 650938.710785858,
    "avg_quantity_metric_tons": 878216.2009969786,
    "total_trade_value_usd": 314519129012
  },
  "marketRows": [
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      "trade_value_usd": 11746915129,
      "market_median_price_usd_per_ton": 1523.6458844706267,
      "price_vs_median_pct": -52.12580210833717,
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  ],
  "trendRows": [
    {
      "importer_iso3": "TUR",
      "position": "Budget",
      "values": [
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