# Petroleum oils and oils from bituminous minerals, not crude (HS4 2710) Trade Overview | Yugalinks

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Petroleum oils and oils from bituminous minerals, not crude at HS4 2710, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/2710

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## 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.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $921.4B |
| Latest annual change | -8.3% |
| Active exporters | 198 |
| Active importers | 200 |
| Active HS6 products | 5 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $83.5B | 5,626 | 5 |
| 1996 | $104.4B | 5,852 | 5 |
| 1997 | $104.4B | 6,083 | 5 |
| 1998 | $77.8B | 6,292 | 5 |
| 1999 | $102.3B | 6,690 | 5 |
| 2000 | $159.5B | 7,157 | 5 |
| 2001 | $145.2B | 7,543 | 5 |
| 2002 | $151.3B | 7,763 | 5 |
| 2003 | $186.5B | 7,897 | 5 |
| 2004 | $266.9B | 8,127 | 5 |
| 2005 | $385.7B | 8,486 | 5 |
| 2006 | $480.2B | 8,776 | 5 |
| 2007 | $566.2B | 8,790 | 5 |
| 2008 | $804.0B | 8,916 | 5 |
| 2009 | $511.4B | 9,211 | 5 |
| 2010 | $677.8B | 9,669 | 5 |
| 2011 | $950.1B | 10,011 | 5 |
| 2012 | $1.0T | 10,163 | 5 |
| 2013 | $1.0T | 10,027 | 5 |
| 2014 | $954.3B | 10,581 | 5 |
| 2015 | $619.4B | 10,614 | 5 |
| 2016 | $516.7B | 10,548 | 5 |
| 2017 | $638.6B | 10,694 | 5 |
| 2018 | $798.9B | 10,738 | 5 |
| 2019 | $739.3B | 10,899 | 5 |
| 2020 | $480.4B | 10,726 | 5 |
| 2021 | $792.5B | 10,670 | 5 |
| 2022 | $1.2T | 11,187 | 5 |
| 2023 | $1.0T | 11,123 | 5 |
| 2024 | $921.4B | 11,112 | 5 |

## Leading corridors

- USA, Puerto Rico and US Virgin Islands to Mexico: $27.3B; growth +2.4%.
- Netherlands to Germany: $16.2B; growth +1.3%.
- Russia to Turkey: $15.7B; growth +27.6%.
- Netherlands to Belgium: $12.9B; growth +26.2%.
- Canada to USA, Puerto Rico and US Virgin Islands: $12.8B; growth +6.9%.
- USA, Puerto Rico and US Virgin Islands to Canada: $12.0B; growth +5.1%.
- Singapore to Indonesia: $11.0B; growth +20.5%.
- Singapore to Malaysia: $9.8B; growth +12.3%.
- Republic of Korea to Australia: $8.8B; growth +37.5%.
- India to Netherlands: $8.6B; growth +55.5%.

## HS6 products

- 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 (HS6 271000)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.