# HS 381121 Containing Petroleum Oils Or Oils Ob global trade...

Reported global trade in containing petroleum oils or oils obtained from bituminous minerals reached $10.3B in 2024, with five-year annual growth of +3.5%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $8.9B | +6% | +8.2% |
| 2014 | $9.1B | +1.4% | +2.7% |
| 2015 | $8.2B | -9.3% | -0.9% |
| 2016 | $8.0B | -2.5% | -3.6% |
| 2017 | $8.5B | +5.6% | -2.3% |
| 2018 | $8.9B | +5% | +2.6% |
| 2019 | $8.7B | -1.9% | +2.8% |
| 2020 | $8.1B | -7.2% | -1.5% |
| 2021 | $9.2B | +14.2% | +1.3% |
| 2022 | $10.8B | +16.7% | +7.3% |
| 2023 | $10.3B | -4.6% | +8.3% |
| 2024 | $10.3B | +0.5% | +3.8% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $833.7M | -2.9% | 35 |
| Germany | $692.3M | +4.6% | 48 |
| Singapore | $670.9M | +5.8% | 33 |
| Belgium | $566.4M | +3.8% | 32 |
| France | $542.1M | +4.7% | 46 |
| USA | $482.1M | +3.6% | 32 |
| Republic of Korea | $444.1M | +5.6% | 29 |
| United Arab Emirates | $428.6M | +6.4% | 40 |
| Italy | $411.1M | +0.3% | 34 |
| Japan | $341.3M | -7.3% | 25 |
| Netherlands | $311.0M | +3.2% | 46 |
| India | $280.2M | +3.1% | 33 |

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