Our aim is to help fill in the gap by providing clear and comprehensive information on recent export volumes and routes. Timely and publicly available data on Russian oil exports is insufficient (the best effort we are aware of comes from CREA who we build upon). Remaining Russian crude oil has historically been exported by sea to the EU, China, and other countries to a lesser extent. The Druzhba pipeline system carries oil to the EU, while the ESPO pipeline carries oil to China. The two major routes for exporting crude oil are by pipeline and by oil tanker at sea. Figure 1 shows Russian average monthly crude oil exports in million tonnes for 2021. Domestically, Russia refined the remaining 290 million tonnes of which 140 million tonnes were exported as refined products (11% of global refined exports) and 150 million tonnes were consumed domestically ( BP). Of this, 260 million tonnes were exported directly as crude oil, comprising 13% of global exports. In 2021, Russia produced 540 million tonnes of crude oil, accounting for 13% of global production. We draw on a variety of sources to do so, beginning by decomposing pre-invasion crude oil exports in figure 1, and then providing monthly updates on how each export route is changing. In this dataset we focus on crude oil (not including refined oil products) exports from Russia. Consequently, the trade of Russian oil is rapidly changing. At the same time, the EU and G7 alliance, complemented by Norway, has introduced a price cap which domestic shipping and insurance services must respect when transporting Russian produce. Source: World: Soya-Bean Oil - Market Report.The EU has placed embargoes on the import by sea of almost all Russian crude oil imports, and since 5 February, refined oil imports are also included. It includes a wide range of statistics on The remaining exporting countries experienced the following average annual growth rates: Brazil (-X% per year) and the United States (+X% per year).ĭo you want to know more about global soybean oil market? Get the latest trends and insight from our report. It was followed by the United States with a share of X%.įrom 2007 to 2015, an average annual growth rate of soybean oil exports in Argentina was at -X%. Moreover, soybean oil exports in Argentina exceeded the figures recorded by the world's second largest importer, Brazil (X million USD), threefold. The second position in the ranking was occupied by Brazil (X million USD), with a share of X% of global exports. In value terms, the country with the largest volume of exports of soybean oil in absolute volumes was Argentina (X million USD), making up X% of global exports. The remaining exporting countries recorded the following average annual growth rates: Brazil (-X% per year) and the United States (+X% per year). The third position in this ranking was occupied by the United States with a share of X%.įrom 2007 to 2015, an average annual growth rate of soybean oil exports in Argentina stood at -X%. Moreover, soybean oil exports in Argentina exceeded the figures recorded by the world's second largest exporter, Brazil, threefold. It was followed by Brazil (X thousand tons), with a share of X% of global exports. The country with the largest volume of the soybean oil exports in absolute volumes was Argentina (X thousand tons), accounting for X% of global exports. Russia (X Tons) Soybean Oil Imports By Country Top Soybean Oil Exporting Countries in the World This trend pattern, however, indicated relatively mild fluctuations throughout the analyzed period. Overall, the value of global exports increased moderately from 2007 to 2015, expanding at an average annual rate of +X%. In value terms, global exports amounted to $X million in 2015. In that year, the global soybean oil exports reached its maximum volume, and is likely to continue its growth in the immediate term. The growth pace was the most rapid in 2015, when the output figure increased by +X% from the previous year level. The total export volume increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. Overall, the global soybean oil exports indicated a moderate growth from 2007 to 2015. Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level. Article Publishing Date: Which Country Exports the Most Soya-bean Oil in the World?
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