# HS 271019 Preparations N.E.C. Containing By We global trade...

Reported global trade in 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 reached $556.2B in 2024, with five-year annual growth of +4.7%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $662.6B | +3.3% | +15.3% |
| 2014 | $609.2B | -8.1% | -0.5% |
| 2015 | $381.1B | -37.4% | -15.9% |
| 2016 | $306.3B | -19.6% | -22.7% |
| 2017 | $384.0B | +25.4% | -14.3% |
| 2018 | $480.7B | +25.2% | +8% |
| 2019 | $442.9B | -7.9% | +13.1% |
| 2020 | $284.6B | -35.7% | -9.5% |
| 2021 | $437.0B | +53.6% | -3.1% |
| 2022 | $694.7B | +59% | +16.2% |
| 2023 | $590.7B | -15% | +27.6% |
| 2024 | $556.2B | -5.8% | +8.4% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $33.7B | +0.1% | 119 |
| Singapore | $31.1B | +2.6% | 114 |
| Netherlands | $26.4B | +3.3% | 143 |
| France | $24.9B | +7.6% | 140 |
| Australia | $24.7B | +12.3% | 75 |
| Turkey | $23.9B | +11.5% | 104 |
| United Kingdom | $20.4B | +4.5% | 104 |
| Germany | $19.2B | -0.6% | 116 |
| China | $17.9B | +5.7% | 97 |
| Belgium | $16.1B | +5.5% | 138 |
| Malaysia | $13.8B | +3.5% | 76 |
| Mexico | $13.3B | +1.3% | 55 |

_Source: reported merchandise trade data. Updated 2026-08-14._