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Data Starter: Global Crude Oil Trade Flows, 2024

Elizabeth Veal

12th September 2025

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Which countries/regions are the largest exporters and importers of crude oil?

Using this Visual Capitalist chart, answer the following questions:

  1. Calculate China’s share of total oil imports in 2024.
  2. Compare the share of exports of crude oil of the top three exporters combined with those in 4th-6th place. Could the top two exporters provide enough oil to meet China’s import needs?

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Elizabeth Veal

Liz has taught Economics for over 25 years, including several years as Head of Economics at leading schools.

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