{ "pageType": "HS4 subsector trade overview", "source": "api", "title": "Petroleum oils and oils from bituminous minerals, not crude (HS4 2710) Trade Overview | Yugalinks", "description": "Review reported global trade for petroleum oils and oils from bituminous minerals, not crude at HS4 2710, including scale, trend, corridors, countries, and the HS6 products within this subsector.", "canonical": "https://www.yugalinks.com/trade/sector/hs4/2710", "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks", "sameAs": [ "https://in.linkedin.com/company/yugalinks" ] }, "sourceAttribution": { "publisher": "OECD", "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D", "year": 2025, "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27)", "sourceUrl": "https://data-explorer.oecd.org/", "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0", "termsUrl": "https://www.oecd.org/termsandconditions/", "terms": "OECD Terms & Conditions", "accessed": "2026-08-27", "supportingSources": [ { "publisher": "CEPII", "dataset": "BACI bilateral trade flows", "release": "202601", "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.", "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html", "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37", "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf", "license": "Etalab 2.0 Open Licence", "accessed": "2026-08-27" } ] }, "links": { "html": "https://www.yugalinks.com/trade/sector/hs4/2710/index.html", "markdown": "https://www.yugalinks.com/trade/sector/hs4/2710/index.md", "json": "https://www.yugalinks.com/trade/sector/hs4/2710/index.json", "jsonLd": "https://www.yugalinks.com/trade/sector/hs4/2710/index.ld.json", "linkedin": "https://in.linkedin.com/company/yugalinks" }, "internalLinks": { "workspace": "https://www.yugalinks.com/app", "platform": "https://www.yugalinks.com/platform", "methodology": "https://www.yugalinks.com/methodology", "dataSources": "https://www.yugalinks.com/data-sources", "dataCoverage": "https://www.yugalinks.com/data-coverage", "responsibleAi": "https://www.yugalinks.com/responsible-ai" }, "subsector": { "hs4": "2710", "name": "Petroleum oils and oils from bituminous minerals, not crude" }, "coverage": { "firstDataYear": 1995, "latestDataYear": 2024, "yearsWithData": 30, "refreshedAt": "2026-07-20 09:34:09" }, "answer": "The petroleum oils and oils from bituminous minerals, not crude subsector recorded $921.4B in reported global trade in 2024, with -8.3% annual change.", "keyFigures": { "latestTradeUsd": 921441473781.6328, "latestAnnualChangePct": -8.313719166717664, "activeExporters": 198, "activeImporters": 200, "activeHs6Products": 5 }, "growthAndStructure": { "trendLabel": "Growing", "tradeCagr3yPct": 5.151983343206035, "tradeCagr5yPct": 4.5022172566036245, "historicalPeakUsd": 1187139813335.9531, "historicalPeakYear": 2022, "positiveGrowthYearSharePct": 58.62068965517241, "exporterConcentrationHhi": 1304.4457376141074, "importerConcentrationHhi": 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50390837295.99048, "export_partner_count": 76, "import_partner_count": 42, "active_hs6_count": 5, "country_name": "Russia" }, { "year": 2024, "country_iso3": "KOR", "hs4": 2710, "exports_usd": 50258025944.95604, "imports_usd": 24072228504.71673, "trade_balance_usd": 26185797440.23931, "export_partner_count": 169, "import_partner_count": 103, "active_hs6_count": 5, "country_name": "Republic of Korea" }, { "year": 2024, "country_iso3": "ARE", "hs4": 2710, "exports_usd": 47874592976.68788, "imports_usd": 19480363934.18101, "trade_balance_usd": 28394229042.50687, "export_partner_count": 177, "import_partner_count": 133, "active_hs6_count": 5, "country_name": "United Arab Emirates" }, { "year": 2024, "country_iso3": "SAU", "hs4": 2710, "exports_usd": 37718154085.55308, "imports_usd": 11385094213.821539, "trade_balance_usd": 26333059871.731537, "export_partner_count": 108, "import_partner_count": 82, "active_hs6_count": 5, "country_name": "Saudi Arabia" }, { "year": 2024, "country_iso3": "CHN", "hs4": 2710, "exports_usd": 37164869410.961105, "imports_usd": 28419691535.738426, "trade_balance_usd": 8745177875.22268, "export_partner_count": 196, "import_partner_count": 105, "active_hs6_count": 5, "country_name": "China" }, { "year": 2024, "country_iso3": "KWT", "hs4": 2710, "exports_usd": 35766287414.65068, "imports_usd": 218907870.828109, "trade_balance_usd": 35547379543.82257, "export_partner_count": 92, "import_partner_count": 63, "active_hs6_count": 5, "country_name": "Kuwait" } ], "importers": [ { "year": 2024, "country_iso3": "USA", "hs4": 2710, "exports_usd": 109940936090.83185, "imports_usd": 59558855032.79057, "trade_balance_usd": 50382081058.041275, "export_partner_count": 180, "import_partner_count": 126, "active_hs6_count": 5, "country_name": "USA, Puerto Rico and US Virgin Islands" }, { "year": 2024, "country_iso3": "SGP", "hs4": 2710, "exports_usd": 54410735008.41724, "imports_usd": 51704803512.46722, "trade_balance_usd": 2705931495.95002, "export_partner_count": 171, "import_partner_count": 121, "active_hs6_count": 5, "country_name": "Singapore" }, { "year": 2024, "country_iso3": "NLD", "hs4": 2710, "exports_usd": 60988332406.65773, "imports_usd": 39941445839.87576, "trade_balance_usd": 21046886566.781967, "export_partner_count": 175, "import_partner_count": 150, "active_hs6_count": 5, "country_name": "Netherlands" }, { "year": 2024, "country_iso3": "FRA", "hs4": 2710, "exports_usd": 11257263106.298748, "imports_usd": 33635083888.269268, "trade_balance_usd": -22377820781.97052, "export_partner_count": 176, "import_partner_count": 141, "active_hs6_count": 5, "country_name": "France" }, { "year": 2024, "country_iso3": "AUS", "hs4": 2710, "exports_usd": 1979270949.4953382, "imports_usd": 31388711990.981544, "trade_balance_usd": -29409441041.486206, "export_partner_count": 113, "import_partner_count": 78, "active_hs6_count": 5, "country_name": "Australia" }, { "year": 2024, "country_iso3": "CHN", "hs4": 2710, "exports_usd": 37164869410.961105, "imports_usd": 28419691535.738426, "trade_balance_usd": 8745177875.22268, "export_partner_count": 196, "import_partner_count": 105, "active_hs6_count": 5, "country_name": "China" }, { "year": 2024, "country_iso3": "MEX", "hs4": 2710, "exports_usd": 5204349886.133184, "imports_usd": 28343881366.15712, "trade_balance_usd": -23139531480.023933, "export_partner_count": 80, "import_partner_count": 56, "active_hs6_count": 5, "country_name": "Mexico" }, { "year": 2024, "country_iso3": "DEU", "hs4": 2710, "exports_usd": 21738574617.14788, "imports_usd": 28317806276.996273, "trade_balance_usd": -6579231659.8483925, "export_partner_count": 179, "import_partner_count": 127, "active_hs6_count": 5, "country_name": "Germany" }, { "year": 2024, "country_iso3": "MYS", "hs4": 2710, "exports_usd": 29628396614.90715, "imports_usd": 26012761578.434776, "trade_balance_usd": 3615635036.472374, "export_partner_count": 148, "import_partner_count": 82, "active_hs6_count": 5, "country_name": "Malaysia" }, { "year": 2024, "country_iso3": "GBR", "hs4": 2710, "exports_usd": 10771139395.959291, "imports_usd": 25865258635.885902, "trade_balance_usd": -15094119239.92661, "export_partner_count": 171, "import_partner_count": 108, "active_hs6_count": 5, "country_name": "United Kingdom" } ], "products": [ { "hs_code": "271000", "product_name": "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 oils" } ], "methodology": { "reportedValues": "Merchandise trade observations aggregated to HS4.", "calculatedIndicators": "Growth, concentration, volatility, and peak comparisons calculated from reported observations.", "missingData": "Missing values remain unavailable and are not imputed." } }