Highest observed
Thailand
$12.1K/tMid
Export price comparison
Saudi Arabia oils: petroleum oils and oils obtained from bituminous minerals, crude export prices (HS6 270900)
Compare Saudi Arabia export unit values across reported markets, then see which destinations sit above, near, or below their market median.
Price spread
2,543.6%Highest versus lowest market priceTotal trade value
$880.3BReported value across marketsAverage quantity
10,940,639 tAverage reported market quantityMarkets compared
48Markets with price observationsPrice snapshot
How does Saudi Arabia price oils: petroleum oils and oils obtained from bituminous minerals, crude globally?
Saudi Arabia has a median reported export price of $476.0/t across 48 markets. Across the reported period, the highest observed market price is $12.1K/t in Thailand; the lowest is $25.8/t in Philippines.
Price range
From the lowest to highest reported price
Reported unit values are shown per metric ton. The range uses all reported market-year observations. The market comparison below shows the latest reported year for each destination.
Lowest
$25.8/tPhilippinesMedian
$476.0/tHighest
$12.1K/tThailand
$25.8/tPhilippinesMedian
$476.0/tHighest
$12.1K/tThailand
Lowest observed
Philippines
$25.8/tBudget
Destination comparison
Latest prices and market change
Compare the latest reported price with each market median, then review year-over-year movement and change since the first reported year. Period totals use the reported years shown; missing years are not filled in.
China2023 · 2017–2023
Mid- Latest price
- $609.5/t
- Vs median
- -0%
- YoY (2022–2023)
- -17.9%
- Since 2017
- +55%
- Trade value (2017–2023)
- $207.6B
- Years reported
- 5
Japan2023 · 2017–2023
Mid- Latest price
- $645.9/t
- Vs median
- +0.2%
- YoY (2022–2023)
- -15%
- Since 2017
- +59.9%
- Trade value (2017–2023)
- $141.9B
- Years reported
- 5
Republic of Korea2023 · 2017–2023
Mid- Latest price
- $641.3/t
- Vs median
- -4.1%
- YoY (2022–2023)
- -15.2%
- Since 2017
- +62.1%
- Trade value (2017–2023)
- $119.7B
- Years reported
- 5
India2023 · 2017–2023
Mid- Latest price
- $660.5/t
- Vs median
- +5.3%
- YoY (2022–2023)
- -12.1%
- Since 2017
- +65.1%
- Trade value (2017–2023)
- $103.6B
- Years reported
- 5
USA, Puerto Rico and US Virgin Islands2023 · 2017–2023
Mid- Latest price
- $541.2/t
- Vs median
- -1.4%
- YoY (2022–2023)
- -13.7%
- Since 2017
- +34.8%
- Trade value (2017–2023)
- $64.7B
- Years reported
- 5
Other Asia, nes2023 · 2017–2023
Mid- Latest price
- $545.1/t
- Vs median
- +1%
- YoY (2022–2023)
- -16%
- Since 2017
- +41.5%
- Trade value (2017–2023)
- $34.6B
- Years reported
- 5
Malaysia2023 · 2017–2023
Mid- Latest price
- $626.2/t
- Vs median
- -1.2%
- YoY (2022–2023)
- -20%
- Since 2017
- +60.4%
- Trade value (2017–2023)
- $18.5B
- Years reported
- 5
Poland2023 · 2017–2023
Mid- Latest price
- $623.4/t
- Vs median
- -1%
- YoY (2022–2023)
- -16.3%
- Since 2017
- +66.8%
- Trade value (2017–2023)
- $15.9B
- Years reported
- 5
Thailand2023 · 2017–2023
Mid- Latest price
- $647.7/t
- Vs median
- -0.3%
- YoY (2022–2023)
- -17.9%
- Since 2017
- +89.7%
- Trade value (2017–2023)
- $21.3B
- Years reported
- 5
Pakistan2023 · 2017–2023
Mid- Latest price
- $588.3/t
- Vs median
- +0%
- YoY (2022–2023)
- -13.2%
- Since 2017
- +81.6%
- Trade value (2017–2023)
- $10.1B
- Years reported
- 5
Singapore2023 · 2019–2023
Mid- Latest price
- $627.7/t
- Vs median
- -2.9%
- YoY (2022–2023)
- -17.4%
- Since 2019
- +29.5%
- Trade value (2019–2023)
- $11.6B
- Years reported
- 4
Italy2023 · 2017–2023
Mid- Latest price
- $617.3/t
- Vs median
- -1.8%
- YoY (2022–2023)
- -18.1%
- Since 2017
- +59.3%
- Trade value (2017–2023)
- $12.5B
- Years reported
- 5
Bahrain2020 · 2017–2020
Below- Latest price
- $321.2/t
- Vs median
- -94.3%
- YoY (2019–2020)
- -35.9%
- Since 2017
- -20%
- Trade value (2017–2020)
- $12.4B
- Years reported
- 3
Netherlands2023 · 2017–2023
Mid- Latest price
- $630.6/t
- Vs median
- -8.4%
- YoY (2022–2023)
- -10.8%
- Since 2017
- +64%
- Trade value (2017–2023)
- $10.6B
- Years reported
- 5
Spain2023 · 2017–2023
Mid- Latest price
- $633.4/t
- Vs median
- +5.8%
- YoY (2022–2023)
- -18.8%
- Since 2017
- +60.3%
- Trade value (2017–2023)
- $10.4B
- Years reported
- 4
Philippines2023 · 2019–2023
Below- Latest price
- $25.8/t
- Vs median
- -30%
- YoY (2022–2023)
- -95.2%
- Since 2019
- -91.9%
- Trade value (2019–2023)
- $5.3B
- Years reported
- 4
| Market | Latest year | Latest price | Vs median | Year-over-year change | Since first year | Trade value (2017–2023) | Years reported | Position |
|---|---|---|---|---|---|---|---|---|
| China | 2023 | $609.5/t | -0% | -17.9% | +55% | $207.6B | 5 | Mid |
| Japan | 2023 | $645.9/t | +0.2% | -15% | +59.9% | $141.9B | 5 | Mid |
| Republic of Korea | 2023 | $641.3/t | -4.1% | -15.2% | +62.1% | $119.7B | 5 | Mid |
| India | 2023 | $660.5/t | +5.3% | -12.1% | +65.1% | $103.6B | 5 | Mid |
| USA, Puerto Rico and US Virgin Islands | 2023 | $541.2/t | -1.4% | -13.7% | +34.8% | $64.7B | 5 | Mid |
| Other Asia, nes | 2023 | $545.1/t | +1% | -16% | +41.5% | $34.6B | 5 | Mid |
| Malaysia | 2023 | $626.2/t | -1.2% | -20% | +60.4% | $18.5B | 5 | Mid |
| Poland | 2023 | $623.4/t | -1% | -16.3% | +66.8% | $15.9B | 5 | Mid |
| Thailand | 2023 | $647.7/t | -0.3% | -17.9% | +89.7% | $21.3B | 5 | Mid |
| Pakistan | 2023 | $588.3/t | +0% | -13.2% | +81.6% | $10.1B | 5 | Mid |
| Singapore | 2023 | $627.7/t | -2.9% | -17.4% | +29.5% | $11.6B | 4 | Mid |
| Italy | 2023 | $617.3/t | -1.8% | -18.1% | +59.3% | $12.5B | 5 | Mid |
| Bahrain | 2020 | $321.2/t | -94.3% | -35.9% | -20% | $12.4B | 3 | Below |
| Netherlands | 2023 | $630.6/t | -8.4% | -10.8% | +64% | $10.6B | 5 | Mid |
| Spain | 2023 | $633.4/t | +5.8% | -18.8% | +60.3% | $10.4B | 4 | Mid |
| Philippines | 2023 | $25.8/t | -30% | -95.2% | -91.9% | $5.3B | 4 | Below |
Annual trend and growth
How reported export prices changed by year
Weighted unit value is calculated from total reported trade value divided by total reported quantity for each year. Growth compares with the prior reported year; gaps are not interpolated.
Reported weighted unit value per metric ton
2017$393.4/tFirst reported year
2019$495.6/t+26% vs prior reported year
2020$321.1/t-35.2% vs prior reported year
2022$734.9/t+128.9% vs prior reported year
2023$506.4/t-31.1% vs prior reported year
| Year | Weighted price | Change vs prior reported year | Trade value | Markets |
|---|---|---|---|---|
| 2017 | $393.4/t | Not reported | $132.8B | 34 |
| 2019 | $495.6/t | +26% | $164.3B | 34 |
| 2020 | $321.1/t | -35.2% | $108.7B | 34 |
| 2022 | $734.9/t | +128.9% | $262.7B | 30 |
| 2023 | $506.4/t | -31.1% | $211.8B | 31 |
Price history
How selected market prices changed over time
Recent reported unit values for the leading markets in this price view.
China
Mid$609.5/t latest reported unit value
Japan
Mid$645.9/t latest reported unit value
Republic of Korea
Mid$641.3/t latest reported unit value
India
Mid$660.5/t latest reported unit value
USA, Puerto Rico and US Virgin Islands
Mid$541.2/t latest reported unit value
Interpretation
Use price position with context
How to read this comparison
Where does the exporter sit in the price range?
Saudi Arabia is compared with each market's own median rather than a single global average. A below-median position can indicate a lower observed unit value, while an above-median position indicates a higher one. Neither position alone establishes profitability.
Methodology and coverage
From reported trade to market position
The page turns reported trade into a comparable unit value, then compares each market with its own median.
Reported input
Unit value
For each market and year, trade value is divided by the reported quantity.
Unit valueTrade value (USD) ÷ Quantity (metric tons)
Market comparison
Vs market median
The result is compared with the median reported unit value for the same product and year.
Vs median(Market unit value − Market median) ÷ Market median × 100
AboveMidBelow
Common questions
Price positioning FAQ
What does Saudi Arabia price positioning show for HS 270900?
It compares Saudi Arabia'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 Oils: petroleum oils and oils obtained from bituminous minerals, crude market?
Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.
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