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2709 · Crude oil from petroleum and bituminous minerals

Catalog: 13,744 NCMs · 1,274 headings · 281 countries
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2709 · Crude oil from petroleum and bituminous minerals · Exports · 2016-01 → 2026-08 · monthly
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Evolution · Volume & Average Price

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Composition by SH6

Share of each SH6 within the selected SH4, in FOB. Top 12 shown.

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Seasonality

Monthly index where 1.00 = yearly average. Shows which months the commodity is typically strong/weak based on export volume and FOB price for the current filter. · Average of 5 closed years (2021–2025)

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Price Elasticity

How volume reacts to price
For every +1% in price, volume rises 0.45%.

Each +1% in price coincided with +0.45% in volume (β=+0.45, R²=0.16, n=127) — commodity in upcycle, not classic elasticity with weak fit (noise dominates).

β+0.45R²0.16observations 127

By partner country · top 5

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Dashed line = aggregate β. Bars more transparent = weaker R² (less reliable fit).

›Show full table
Netherlands+0.950.1689procyclical · price and volume rise together
United States+0.670.12127procyclical · price and volume rise together
Spain+0.570.11114procyclical · price and volume rise together
China+0.390.07127procyclical · price and volume rise together
Chile+0.010116inelastic · volume hardly sensitive
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Rankings · Top Destinations/Origins + Opportunities

Top 10 destinations · who pays the most

ordered by average price (highest → lowest) · share ≥ 0.5%

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Indonesia1.7B0.510.521
France2.9B0.870.517
Netherlands16.1B4.830.494
Portugal13.7B4.110.491
South Korea8.6B2.580.489
Peru2.9B0.880.482
Italy2.5B0.760.477
Singapore8.3B2.500.468
Chile19.5B5.850.456
China161.1B48.280.448

Partner positioning · price vs growth

top 30 partners · 12m window ending in 2026-08

›Show table ordered by FOB
China26.8B52.06%0.509+46.88%
United States3.9B7.64%0.48-26.09%
India3.2B6.21%0.489+149.53%
Netherlands2.8B5.51%0.492-17.26%
Spain2.6B5.07%0.465-37.30%
Portugal1.9B3.72%0.534-21.25%
Chile1.8B3.43%0.501+13.98%
South Korea1.5B2.91%0.491-9.93%
Singapore1.5B2.89%0.466+24.47%
Indonesia1.3B2.53%0.532+790.24%
France1B1.96%0.554+152.37%
Uruguay788.6M1.53%0.612+231.28%
Italy780.6M1.52%0.481+94.12%
Peru445.3M0.86%0.49+9.57%
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SH42709Crude oil from petroleum and bituminous minerals