Top 5 Oil Exporting Countries in the World in 2024

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1. Saudi Arabia

Crude Oil Exports in 2022: $224,795,271,000

Saudi Arabia stands as an energy superpower, boasting 17% of the world’s proven petroleum reserves. As a member of OPEC, the nation exported 7,363.640 thousand barrels per day in December 2022. This prolific export activity has secured Saudi Arabia’s position as the top oil exporting country in 2023. With its significant reserves and leading role in global energy markets, Saudi Arabia continues to wield substantial influence in shaping the trajectory of the oil industry worldwide.

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