Top 5 Oil Exporting Countries in 2023

2. Russia

Crude Oil Exports (barrels per day) as of 2015: 4,921,000

Russia exported 4,510,455 barrels of crude oil per day in December 2021. According to the IEA, “In 2021, Russian crude and condensate output reached 10.5 million barrels per day (bpd), making up 14% of the world’s total supply. Russia has oil and gas production facilities throughout the country, but the bulk of its fields are concentrated in western and eastern Siberia. In 2021 Russia exported an estimated 4.7 million bpd of crude, to countries around the world. China is the largest importer of Russian crude (1.6 million bpd) , but Russia exports a significant volume to buyers in Europe (2.4 million bpd).”

Given the Russia Ukraine war, however, Russia’s crude oil exports in 2023 might not reach its 2021 levels given various Western sanctions.