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Oil Exports 2022

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8,000

Click on a country for details.

Oil Consumption by Country 2024

As of 2023, oil remains one of the world’s most important natural resources. Not only is it a key energy source worldwide, but it’s also an important part of many economies and industries around the world. However, oil production isn’t consistent worldwide, with some countries contributing much more to world oil stores than others.

Here’s an overview of some of the current top oil-producing countries in the world, as well as some key factors that can affect a particular country’s production capabilities as compared to another’s.

Top Oil-Producing Countries Worldwide

The following are the leading countries in the oil production industry as of 2023.

Saudi Arabia

With an impressive annual production estimate of 11 million barrels of oil, Saudi Arabia is currently the world’s top oil producer. Factors that contribute to these production and export rates include Saudi Arabia’s huge natural oil reserves and large capacity for production at scale.

Russia

Coming in right behind Saudi Arabia, Russia is another of the world’s most critical players when it comes to the oil industry. In fact, Russia’s overall oil revenue climbed considerably in 2023 to an impressive $17.1 billion. Like Saudi Arabia, Russia also has advantages like massive natural oil deposits and production capacity.

United States

Thanks to an innovative extraction procedure that combines horizontal drilling and hydraulic fracturing (the “shale revolution”), the United States has become a huge player in the worldwide oil industry game. Flexible energy policies combined with innovative techniques contribute to the U.S.’s industry success.

Iraq

Even though Iraq has seen plenty of instability and political challenges over the years, it remains a huge global producer and exporter of oil. In fact, its production of the resource has been climbing lately, easily securing Iraq a spot on the list of top exporters.

Other countries making formidable contributions to the worldwide oil industry as of 2023 include Canada, the United Arab Emirates, Kuwait, and Iran.

Factors Impacting Oil Production from Country to Country

The presence (or lack thereof) of natural oil reserves within a country will be among the largest contributing production factors. However, others may include the following:

  • Geopolitical Connections: Political circumstances, ongoing relationships with other countries in the industry, and more can all impact a country’s oil production abilities.
  • Environmental Concerns: As concerns over sustainable extraction practices and environmental consciousness grow, changing regulations and protocols can affect production.
  • Energy Access: National energy policies likewise affect many aspects of oil production and exportation from country to country.
- Amounts are expressed in thousands of barrels of crude oil per day (1000b/d) exported.
- Additional unlisted countries also exported smaller amounts of oil for a combined total of 3,154,700 barrels per day in 2022; 3,185,100 in 2021; 3,417,000 in 2020; 3,402,500 in 2019; 3,602,900 in 2018; 3,709,400 in 2013; 4,244,700 in 2008; and 4,205,000 in 2003.

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Country
Oil Exports 2022
Oil Exports 2021
Oil Exports 2020
Oil Exports 2019
Oil Exports 2018
Oil Exports 2013
Oil Exports 2008
Oil Exports 2003
Saudi Arabia7,3646,2276,6597,0387,3727,5717,3026,523
Russia4,7804,5114,6175,2415,2074,6895,1204,520
Iraq3,7123,4403,4283,9683,8622,3901,900389
United States3,6042,9633,2062,9822,0481342912
Canada3,3503,1883,1393,3423,1782,0591,5511,232
United Arab Emirates2,7172,3052,4182,4142,2972,7012,3282,048
Kuwait1,8791,7411,8261,9862,0502,0591,7391,243
Norway1,5581,5631,5021,2341,2551,1991,6742,731
Nigeria1,3881,5921,8792,0081,9802,1932,0922,164
Brazil1,3461,2921,4011,3011,147366431243
Kazakhstan1,3151,3231,4171,4111,4011,2771,063697
Angola1,0851,0801,2201,3191,4211,6691,045823
Mexico1,0121,0911,1991,2001,2831,2711,5092,114
Oman922897860839808838624763
Libya9201,0913471,0369998361,4001,127
Iran9017634056511,8501,2152,4312,396
United Kingdom5406047268348186138211,390
Colombia487422539609595703267230
Algeria477446439584571744841741
Qatar475474464485477599701541
Azerbaijan441483500559609692743182
Venezuela4384484878471,2731,5281,7651,535
Ecuador313316352398367388348209
Australia244257253249215206249314
Malaysia203209280287358209356426
Gabon185181196207174208219226
Bahrain152152151156157
Equatorial Guinea8193115110121207254173
Egypt71111103901159790100
Vietnam5566999483170275342
Trinidad and Tobago5461576023385687
China42533316523285163
Indonesia401179274206229295518
Brunei39698810792115164183
India
World42,19039,62740,49643,73644,45939,24339,76436,384
showing: 35 rows

Which country is largest exporter of oil?

Saudi exports more oil than any other country in the world.

Frequently Asked Questions