Ranking of oil importers worldwide 2018

Europe imported more oil than any other region, at roughly 4.7 million barrels per day in 2018. Asia-Pacific followed closely as the second-largest importer, while South and Central America ranked for the third-highest imports with less than half those of Europe or Asia-Pacific.

Oil movement between Europe and Russia

The European Economic Area, as well as Eastern European countries, account for the high level of imports, as Russia is a major producer and exporter of oil with the largest quantity of proved oil reserves in Europe and Eurasia. Outside of Russia and former Soviet Union (FSU) countries, Norway and the United Kingdom are the only two European nations with significant oil production, yet still only a fraction of Russia’s. The share of petroleum oil imported to the European Union from Russia has slowly declined to just under a third in 2018.

Production declining, imports rising

European oil imports increased steadily from around the year 2000 until the 2008 financial crisis. In the past few years, oil imports to Europe have risen to exceed pre-recession levels. Meanwhile, oil production in the European Union has drastically declined over the past two decades.

Ranking of global oil importers in 2018 (in 1,000 barrels per day)*

Imports in 1,000 barrels per day
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Source

Release date

June 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

* Includes crude oil and oil products. Includes changes in the quantity of oil in transit, movements not otherwise shown, unidentified military use, etc. Bunkers are not included as exports. Intra-area movements (for example, between countries in Europe) are excluded.

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