Latest trade
$3.0TGlobal sector valueHS2 sector intelligence
Mineral fuels
sector trade overview
A clear view of the mineral fuels economy: scale, momentum, market concentration, leading routes, and the products within it.
Explore the workspace Reported trade intelligence
Refreshed 2026-07-20
Refreshed 2026-07-20
The numbers at a glanceLatest reported year · 2024
Annual change
+1%Latest year on yearExporters
199Active reporting countriesImporters
200Active reporting countriesHS6 products
43Classifications in sectorThe sector read
$3.0T in trade, with +4.2% annualized growth over three years.
Mineral fuels is recorded across 12,524 active corridors, with 199 exporters and 200 importers in the latest available year.
Market signalGrowing+4.4% five-year CAGR
Annual trend
Momentum across three decades
Reported global trade from 1995 to 2024. Missing years remain unavailable rather than estimated. Read the methodology ↗
Top trade corridors
Where this sector moves
The leading exporter-to-importer relationships by latest reported sector trade value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | CanadaCAN | USA, Puerto Rico and US Virgin IslandsUSA | $127.8B | +5.5% | 38 | 556 km | Yes |
| 2 | RussiaRUS | ChinaCHN | $89.6B | +22.2% | 25 | 6,831 km | No |
| 3 | RussiaRUS | IndiaIND | $55.6B | +140.2% | 20 | 4,341 km | No |
| 4 | Saudi ArabiaSAU | ChinaCHN | $46.1B | +1.8% | 14 | 7,253 km | No |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | MexicoMEX | $35.3B | -5.4% | 40 | 3,359 km | Yes |
| 6 | MalaysiaMYS | ChinaCHN | $35.2B | +28.3% | 20 | 3,737 km | Yes |
| 7 | IraqIRQ | ChinaCHN | $34.6B | +11.2% | 4 | 7,085 km | No |
| 8 | AustraliaAUS | JapanJPN | $34.1B | +5.5% | 16 | 8,156 km | Yes |
| 9 | NetherlandsNLD | BelgiumBEL | $34.0B | +16.9% | 39 | 174 km | Yes |
| 10 | United Arab EmiratesARE | JapanJPN | $30.0B | -4.9% | 8 | 7,940 km | No |
Market structure
Where supply and demand concentrate
Exporter and importer rankings are separated so scale on one side of the market is not mistaken for demand on the other. Check coverage ↗
Top exporters2024 ranking
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $327.6B | 182 | 43 |
| 2 | RussiaRUS | $248.8B | 97 | 43 |
| 3 | Saudi ArabiaSAU | $220.5B | 115 | 43 |
| 4 | United Arab EmiratesARE | $150.3B | 179 | 43 |
| 5 | CanadaCAN | $145.7B | 158 | 43 |
| 6 | AustraliaAUS | $113.1B | 118 | 42 |
| 7 | NorwayNOR | $107.8B | 96 | 43 |
| 8 | IraqIRQ | $103.2B | 63 | 33 |
| 9 | NetherlandsNLD | $92.0B | 180 | 43 |
| 10 | QatarQAT | $84.3B | 81 | 38 |
Top importers2024 ranking
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | ChinaCHN | $447.5B | 131 | 43 |
| 2 | USA, Puerto Rico and US Virgin IslandsUSA | $242.2B | 139 | 43 |
| 3 | IndiaIND | $195.6B | 126 | 43 |
| 4 | JapanJPN | $154.5B | 90 | 43 |
| 5 | Republic of KoreaKOR | $148.4B | 114 | 43 |
| 6 | NetherlandsNLD | $118.1B | 156 | 43 |
| 7 | GermanyDEU | $103.9B | 137 | 43 |
| 8 | SingaporeSGP | $88.9B | 129 | 43 |
| 9 | FranceFRA | $85.3B | 148 | 43 |
| 10 | ItalyITA | $82.5B | 115 | 42 |
HS6 product coverage
The classifications inside this sector
Explore the six-digit product classifications that make up HS2 27.
40 classifications shownBrowse the product workspace ↗
Coal: anthracite, whether or not pulverised, but not agglomeratedHS6 270111
Coal: bituminous, whether or not pulverised, but not agglomeratedHS6 270112
Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomeratedHS6 270119
Briquettes, ovoids and similar solid fuels: manufactured from coalHS6 270120
Lignite: whether or not pulverised, but not agglomerated, excluding jetHS6 270210
Lignite: agglomerated, excluding jetHS6 270220
Peat: (including peat litter), whether or not agglomeratedHS6 270300
Coke and semi-coke: of coal, lignite or peat, whether or not agglomerated: retort carbonHS6 270400
Gases: coal, water, producer and similar gases (excluding petroleum and other gaseous hydrocarbons)HS6 270500
Tar: distilled from coal, lignite or peat, and other mineral tars, whether or not dehydrated or partially distilled, including reconstituted tarsHS6 270600
Oils and products of the distillation of high temperature coal tar: benzol (benzene)HS6 270710
Oils and products of the distillation of high temperature coal tar: toluoleHS6 270720
Oils and products of the distillation of high temperature coal tar: xylol (xylenes)HS6 270730
Oils and products of the distillation of high temperature coal tar: naphthaleneHS6 270740
Aromatic hydrocarbon mixtures: n.e.c. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees Celsius by the ISO 3405 method (equivalent to the ASTM D 86 method)HS6 270750
Oils and other products of the distillation of high temperature coal tar: phenolsHS6 270760
Oils and other products of the distillation of high temperature coal tar: creosote oilsHS6 270791
Oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707HS6 270799
Pitch: obtained from coal tar or from other mineral tarsHS6 270810
Pitch coke: obtained from coal tar or from other mineral tarsHS6 270820
Oils: petroleum oils and oils obtained from bituminous minerals, crudeHS6 270900
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 oilsHS6 271000
Petroleum gases and other gaseous hydrocarbons: liquefied, natural gasHS6 271111
Petroleum gases and other gaseous hydrocarbons: liquefied, propaneHS6 271112
Petroleum gases and other gaseous hydrocarbons: liquefied, butanesHS6 271113
Petroleum gases and other gaseous hydrocarbons: liquefied, ethylene, propylene, butylene and butadieneHS6 271114
Petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711HS6 271119
Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gasHS6 271121
Petroleum gases and other gaseous hydrocarbons: in gaseous state, other than natural gasHS6 271129
Petroleum jellyHS6 271210
Paraffin wax: containing by weight less than 0.75% of oil, obtained by synthesis or by other processes, whether or not colouredHS6 271220
Paraffin wax: containing by weight 0.75% or more of oil, obtained by synthesis or by other processes, whether or not colouredHS6 271290
Petroleum coke: (not calcined), obtained from bituminous mineralsHS6 271311
Petroleum coke: calcined, obtained from bituminous mineralsHS6 271312
Petroleum bitumen: obtained from bituminous mineralsHS6 271320
Residues: of petroleum oils or of oils obtained from bituminous mineralsHS6 271390
Bituminous or oil shale and tar sandsHS6 271410
Bitumen and asphalt, natural: asphaltites and asphaltic rockHS6 271490
Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (e.g. bituminous mastics, cut-backs)HS6 271500
Electrical energyHS6 271600
Definitions and coverage
Read the numbers with context
Clear definitions keep reported observations and calculated indicators in their proper context. Read our Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS2 classification. They are not company-level sales, retail quotes, or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations and should be read with their coverage period.
Missing data
A missing observation remains unavailable. It is not filled, interpolated, or presented as a forecast.
Coverage: 1995–2024 · Data refreshed 2026-07-20 09:34:08
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.