In this article, we discuss the top 5 oil exporting countries in 2023. If you want to see more top oil exporting countries in 2023, go directly to Top 20 Oil Exporting Countries in 2023. In this article, oil is defined as crude oil.
5. United Arab Emirates
Crude Oil Exports (barrels per day) as of 2015: 2,552,000
The United Arab Emirates is an OPEC member that exported 2,305,000 barrels of crude oil per day in 2021. The country also exported 7.85 billion cubic meters of natural gas in the same year.
4. Canada
Crude Oil Exports (barrels per day) as of 2017: 2,818,000
Canada is a major oil producer that is a net exporter of crude oil. According to the Canadian government data, the country produced 3.8 million barrels per day in 2014, exported 2.9 million barrels per day, sent 1.2 million barrels per day to domestic refineries and imported 0.7 million barrels per day to domestic refineries. In December 2021, Canada exported almost 3.2 million barrels of crude oil per day according to CEIC Data.
3. Iraq
Crude Oil Exports (barrels per day) as of 2015: 3,092,000
Iraq is a member of OPEC that exported 3,440,000 barrels per day in 2021. The country has proven crude oil reserves of 145.02 billion barrels, which gives the country substantial energy potential. Iraq ranks #3 on our list of Top 20 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.
1. Saudi Arabia
Crude Oil Exports (barrels per day) as of 2015: 7,341,000
Saudi Arabia is an energy superpower given it has 17% of the world’s proven petroleum reserves. The OPEC member produced 9,125,000 barrels of crude oil per day in 2021, and exported 6,227,000 barrels per day. As a result of its exports, Saudi Arabia ranks #1 on our list of Top 20 Oil Exporting Countries in 2023.
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