# HS 280700 Oleum global trade data overview | Yugalinks

Reported global trade in oleum reached $2.1B in 2024, with five-year annual growth of +5.6%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.3B | -19.3% | +11% |
| 2014 | $1.1B | -11.7% | -12.4% |
| 2015 | $1.1B | -5.9% | -12.5% |
| 2016 | $748.3M | -28.8% | -16% |
| 2017 | $876.2M | +17.1% | -7.8% |
| 2018 | $1.5B | +65.8% | +11.4% |
| 2019 | $1.6B | +12.4% | +29.7% |
| 2020 | $1.1B | -33.3% | +7.5% |
| 2021 | $1.8B | +69.6% | +8.3% |
| 2022 | $3.3B | +78.2% | +26.3% |
| 2023 | $1.9B | -43.1% | +19.8% |
| 2024 | $2.1B | +14.2% | +5% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $385.4M | +8.1% | 30 |
| Chile | $352.7M | +2.7% | 15 |
| Democratic Republic of the Congo | $211.9M | -1.6% | 22 |
| Morocco | $133.4M | +12% | 22 |
| India | $84.3M | +1.3% | 19 |
| Kazakhstan | $77.9M | +59% | 12 |
| Turkey | $66.0M | +14.1% | 17 |
| France | $58.4M | +5.8% | 34 |
| Saudi Arabia | $53.5M | +172.4% | 17 |
| Brazil | $53.3M | +8% | 24 |
| United Kingdom | $47.3M | +19.8% | 24 |
| Indonesia | $43.8M | +17.6% | 13 |

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