Latest trade
$921.4BGlobal subsector valueHS4 subsector intelligence
Petroleum oils and oils from bituminous minerals, not crude
HS4 2710 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-8.3%Latest year on yearExporters
198Active reporting countriesImporters
200Active reporting countriesHS6 products
5Classifications inside HS4The subsector read
$921.4B in trade, with +5.2% annualized growth over three years.
Petroleum oils and oils from bituminous minerals, not crude is recorded across 11,112 active corridors, with 198 exporters and 200 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
Top trade corridors
Where the subsector moves
Leading exporter-to-importer relationships by latest reported value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | MexicoMEX | $27.3B | +2.4% | 4 | 3,359 km | Yes |
| 2 | NetherlandsNLD | GermanyDEU | $16.2B | +1.3% | 5 | 579 km | Yes |
| 3 | RussiaRUS | TurkeyTUR | $15.7B | +27.6% | 5 | 1,757 km | No |
| 4 | NetherlandsNLD | BelgiumBEL | $12.9B | +26.2% | 5 | 174 km | Yes |
| 5 | CanadaCAN | USA, Puerto Rico and US Virgin IslandsUSA | $12.8B | +6.9% | 4 | 556 km | Yes |
| 6 | USA, Puerto Rico and US Virgin IslandsUSA | CanadaCAN | $12.0B | +5.1% | 5 | 556 km | Yes |
| 7 | SingaporeSGP | IndonesiaIDN | $11.0B | +20.5% | 4 | 894 km | Yes |
| 8 | SingaporeSGP | MalaysiaMYS | $9.8B | +12.3% | 3 | 316 km | Yes |
| 9 | Republic of KoreaKOR | AustraliaAUS | $8.8B | +37.5% | 4 | 8,549 km | Yes |
| 10 | IndiaIND | NetherlandsNLD | $8.6B | +55.5% | 4 | 6,366 km | No |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $109.9B | 180 | 5 |
| 2 | NetherlandsNLD | $61.0B | 175 | 5 |
| 3 | IndiaIND | $58.3B | 171 | 5 |
| 4 | SingaporeSGP | $54.4B | 171 | 5 |
| 5 | RussiaRUS | $51.2B | 76 | 5 |
| 6 | Republic of KoreaKOR | $50.3B | 169 | 5 |
| 7 | United Arab EmiratesARE | $47.9B | 177 | 5 |
| 8 | Saudi ArabiaSAU | $37.7B | 108 | 5 |
| 9 | ChinaCHN | $37.2B | 196 | 5 |
| 10 | KuwaitKWT | $35.8B | 92 | 5 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $59.6B | 126 | 5 |
| 2 | SingaporeSGP | $51.7B | 121 | 5 |
| 3 | NetherlandsNLD | $39.9B | 150 | 5 |
| 4 | FranceFRA | $33.6B | 141 | 5 |
| 5 | AustraliaAUS | $31.4B | 78 | 5 |
| 6 | ChinaCHN | $28.4B | 105 | 5 |
| 7 | MexicoMEX | $28.3B | 56 | 5 |
| 8 | GermanyDEU | $28.3B | 127 | 5 |
| 9 | MalaysiaMYS | $26.0B | 82 | 5 |
| 10 | United KingdomGBR | $25.9B | 108 | 5 |
HS6 product coverage
The products inside HS4 2710
Six-digit classifications make the subsector specific. Browse the product workspace ↗
1 classifications shownPetroleum oils and oils from bituminous minerals, not crude
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
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
Missing data
Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.
Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09
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.