- Transportation & Logistics›
- Water Transport›
Transport volume of crude oil in seaborne trade 2010-2017
Transport volume of crude oil in seaborne trade 2010-2017
Transport volume of crude oil in global seaborne trade from 2010 to 2017 (in million metric tons)
The statistic depicts the volume of crude oil that is imported or exported by seaborne transportation from 2010 through 2017. Globally, some two billion metric tons of crude oil was transported via waterways in 2017.
Seaborne oil trade
Oil is the fuel that keeps the global economy running. Worldwide production of crude oil rose from a little over 63 million barrels per day in 1988 to about 92.6 million barrels daily in 2017. Crude oil prices increased dramatically over this period. The spot price of West Texas Intermediate (WTI) jumped from around 14 U.S. dollars per barrel in 1988 to almost 100 U.S. dollars per barrel in 2018, when there was virtually no spread between WTI and UK Brent. In 2017, the spot price of a barrel of WTI stood at about 43 U.S. dollars.
While accounting for less than 10 percent of global oil production, the Asia-Pacific region is the largest consumer of oil; over a third of worldwide oil consumption is concentrated here. Consequently, main petroleum source countries such as Venezuela are beginning to look to Asian markets in order to offset the sharp decline in oil exports to the United States. U.S. petroleum net imports plunged from 12.6 million barrels a day in 2005 to 3.7 million barrels daily in 2017.
Where pipeline infrastructure between trading partners is limited, large oil volumes have to be transported by land or sea. The key passages for seaborne oil trade include the routes from Panama to China, from the Strait of Hormuz to Japan and from West Africa to India. Globally, around 1.93 billion metric tons of crude oil were unloaded from ships in 2016, slightly up from around 1.86 billion metric tons in 2015. The increase in seaborne oil trade is expected to translate into positive revenue growth for tanker builders such as General Dynamics-owned NASSCO. In 2016, crude oil tankers were the third most important vessel type in the global merchant fleet.
Transport volume of crude oil in global seaborne trade from 2010 to 2017 (in million metric tons)
Loading statistic...
| Transport volume in million metric tons | |
|---|---|
| 2017 | 1,999 |
| 2016 | 1,949 |
| 2015 | 1,872 |
| 2014 | 1,803 |
| 2013 | 1,836 |
| 2012 | 1,906 |
| 2011 | 1,857 |
| 2010 | 1,867 |
| Transport volume in million metric tons | |
|---|---|
| 2017 | 1,999 |
| 2016 | 1,949 |
| 2015 | 1,872 |
| 2014 | 1,803 |
| 2013 | 1,836 |
| 2012 | 1,906 |
| 2011 | 1,857 |
| 2010 | 1,867 |
© Statista 2019
About this statistic
Show source
Download
Settings
Share
Download started
Please be patient - this may take a moment
Please be patient - this may take a moment
Description
Source
More information
The statistic depicts the volume of crude oil that is imported or exported by seaborne transportation from 2010 through 2017. Globally, some two billion metric tons of crude oil was transported via waterways in 2017.
Seaborne oil trade
Oil is the fuel that keeps the global economy running. Worldwide production of crude oil rose from a little over 63 million barrels per day in 1988 to about 92.6 million barrels daily in 2017. Crude oil prices increased dramatically over this period. The spot price of West Texas Intermediate (WTI) jumped from around 14 U.S. dollars per barrel in 1988 to almost 100 U.S. dollars per barrel in 2018, when there was virtually no spread between WTI and UK Brent. In 2017, the spot price of a barrel of WTI stood at about 43 U.S. dollars.
While accounting for less than 10 percent of global oil production, the Asia-Pacific region is the largest consumer of oil; over a third of worldwide oil consumption is concentrated here. Consequently, main petroleum source countries such as Venezuela are beginning to look to Asian markets in order to offset the sharp decline in oil exports to the United States. U.S. petroleum net imports plunged from 12.6 million barrels a day in 2005 to 3.7 million barrels daily in 2017.
Where pipeline infrastructure between trading partners is limited, large oil volumes have to be transported by land or sea. The key passages for seaborne oil trade include the routes from Panama to China, from the Strait of Hormuz to Japan and from West Africa to India. Globally, around 1.93 billion metric tons of crude oil were unloaded from ships in 2016, slightly up from around 1.86 billion metric tons in 2015. The increase in seaborne oil trade is expected to translate into positive revenue growth for tanker builders such as General Dynamics-owned NASSCO. In 2016, crude oil tankers were the third most important vessel type in the global merchant fleet.
Show moreSeaborne oil trade
Oil is the fuel that keeps the global economy running. Worldwide production of crude oil rose from a little over 63 million barrels per day in 1988 to about 92.6 million barrels daily in 2017. Crude oil prices increased dramatically over this period. The spot price of West Texas Intermediate (WTI) jumped from around 14 U.S. dollars per barrel in 1988 to almost 100 U.S. dollars per barrel in 2018, when there was virtually no spread between WTI and UK Brent. In 2017, the spot price of a barrel of WTI stood at about 43 U.S. dollars.
While accounting for less than 10 percent of global oil production, the Asia-Pacific region is the largest consumer of oil; over a third of worldwide oil consumption is concentrated here. Consequently, main petroleum source countries such as Venezuela are beginning to look to Asian markets in order to offset the sharp decline in oil exports to the United States. U.S. petroleum net imports plunged from 12.6 million barrels a day in 2005 to 3.7 million barrels daily in 2017.
Where pipeline infrastructure between trading partners is limited, large oil volumes have to be transported by land or sea. The key passages for seaborne oil trade include the routes from Panama to China, from the Strait of Hormuz to Japan and from West Africa to India. Globally, around 1.93 billion metric tons of crude oil were unloaded from ships in 2016, slightly up from around 1.86 billion metric tons in 2015. The increase in seaborne oil trade is expected to translate into positive revenue growth for tanker builders such as General Dynamics-owned NASSCO. In 2016, crude oil tankers were the third most important vessel type in the global merchant fleet.
- Show sources information
- Show publisher information
- Release date
- 2018
- Region
- Worldwide
- Survey time period
- 2010 to 2017
- Supplementary notes
- The figures for 2010 and 2012 are taken from previous editions; the 2017 value is preliminary.
Source
- Show sources information
- Show publisher information
- Release date
- 2018
More information
- Region
- Worldwide
- Survey time period
- 2010 to 2017
- Supplementary notes
- The figures for 2010 and 2012 are taken from previous editions; the 2017 value is preliminary.
Statista Accounts:
Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform
You only have access to basic statistics.
Premium Account
Your perfect start with Statista
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$49 / Month *
Corporate Account
Full access
Corporate solution including all features.
* All products require an annual contract.
Prices do not include sales tax.
Prices do not include sales tax.
Leading companies trust Statista:
Related Studies: Available to Download in PDF or PPTX Format
All Information
in one Presentation
Global oil industry and market
- 102 page/s
- English
- pptx
- Detailed references
Everything On "Global oil industry and market" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.
I think of Statista as Google for researchers. Statista provides you with the information you search for right away.Dr. Horst Stipp
EVP, Research & Innovation, Advertising Research Foundation
Statistics on "Global oil industry and market"
- Reserves and production
The most important statistics
- Volume of global oil reserves from 1990 to 2017 (in billion barrels)Crude oil global reserves 1990-2017
- Distribution of proved oil reserves worldwide from 1992 to 2017, by regionOil - distribution of proved reserves worldwide 2017
- Distribution of global oil reserves in 2017, by countryGlobal oil reserves - share of leading countries 2017
- Global oil production from 1998 to 2017 (in million metric tons)World oil production - in million metric tons 1998-2017
- Distribution of oil production worldwide from 2009 to 2017, by region*Distribution of global oil production 2009-2017
- Share of global crude oil production among the leading oil-producing countries in 2017Crude oil production share of top oil-producing countries 2017
- Oil production in the leading oil-producing countries worldwide in 2017 (in 1,000 barrels per day)*Oil production in barrels per day - top fifteen countries 2017
- OPEC's share of total global crude oil production from 2009 to 2017*OPEC - share of total global crude oil production 2009-2017
- Leading companies
The most important statistics
- 2018 ranking of the leading global oil and gas companies based on revenue (in billion U.S. dollars)2018 global list of the top oil and gas companies based on revenue
- Leading oil and gas companies worldwide based on market capitalization as of 2018 (in billion U.S. dollars)Leading oil and gas companies based on market cap 2018
- 2018 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. dollars)Global 2018 ranking of oil equipment and oil services providers based on revenue
- 2018 ranking of leading global oil equipment and oil services providers based on market capitalization (in billion U.S. dollars)Global 2018 ranking of oil equipment and oil services providers based on market cap
- Revenue of land drilling companies within the global energy equipment and services sector from 2015 to 2020 (in million U.S. dollars)Revenue of top land drilling energy services and equipment companies 2015-2020
- Sinopec's operating revenue from 2009 to 2017 (in billion yuan)Sinopec's operating revenue 2017
- PetroChina's revenue from 2007 to 2017 (in million euros)*Revenue of PetroChina 2007-2017
- Royal Dutch Shell's revenue from 2005 to 2018 (in billion U.S. dollars)Royal Dutch Shell's revenue 2005-2018
- Refinery
The most important statistics
- Global refinery capacity for crude oil from 1970 to 2017 (in 1,000 barrels per day)Crude oil - global refinery capacity 1970-2017
- Countries with the largest oil refinery capacity worldwide from 2010 to 2017 (in 1,000 barrels per day)*Oil refinery capacity worldwide by leading country 2010-2017
- Oil refinery capacity in the United States from 1970 to 2017 (in 1,000 barrels per day)U.S. oil refinery capacity 1970-2017
- China's oil refinery capacity from 1970 to 2017 (in 1,000 barrels per day)Petroleum refinery capacity of China 2017
- Trade
The most important statistics
- Global oil demand in 2018 and 2019, by region (in million barrels daily)*Global oil demand by region 2018-2019
- Oil exports worldwide in 2017 by region (in 1,000 barrels per day)*Oil exporters worldwide by region in 2017
- Ranking of global oil importers in 2017 (in 1,000 barrels per day)*Ranking of oil importers worldwide 2017
- Gross imports of crude oil into the U.S. from 2015 to 2050 (in million barrels per day)*U.S. gross crude oil imports 2015-2050
- Transport volume of crude oil in global seaborne trade from 2010 to 2017 (in million metric tons)Transport volume of crude oil in seaborne trade 2010-2017
- Prices
The most important statistics
- Average annual Brent crude oil price from 1976 to 2019 (in U.S. dollars per barrel)Brent crude oil price annually 1976-2019
- Average annual West Texas Intermediate (WTI) crude oil price from 1976 to 2019 (in U.S. dollars per barrel)West Texas Intermediate annual average oil price 1976-2019
- Average annual OPEC crude oil price from 1960 to 2019 (in U.S. dollars per barrel)OPEC oil price annually 1960-2019
- Prices of OPEC Reference Basket oils from 2002 to 2017 (in U.S. dollars per barrel)Prices of OPEC Reference Basket oils 2002-2017
- Spot price of Dubai Fateh crude oil from 1973 to 2017 (in U.S. dollars per barrel)*Oil price of Dubai Fateh 1973-2017
- Returns on crude oil investments from 2008 to 2018Rate of return on crude oil investments worldwide 2018
- Consumption
The most important statistics
- Global oil consumption from 1970 to 2017 (in million metric tons)Oil - global consumption in million metric tons 1970-2017
- Global distribution of oil consumption between 2015 to 2017, by regionDistribution of oil consumption worldwide by region 2015-2017
- Distribution of oil demand worldwide in 2017 by sectorLeading oil demanding sectors worldwide 2017
- Share of the leading countries in global oil consumption in 2015 to 2017World oil consumption - consumer countries 2015-2017
- Countries with the highest oil consumption from 2014 to 2017 (in 1,000 barrels per day)Countries with the highest oil consumption 2014-2017
- Oil consumption in China from 2005 to 2017 (in million metric tons)China - oil consumption 2005-2017
- Outlook
The most important statistics
- Distribution of global oil demand from 2017 to 2050, by sectorOil demand shares by sector 2017-2050
- Global demand outlook for selected oil products worldwide from 2017 to 2040 (in million barrels per day)Oil products demand outlook worldwide 2017-2040
- Projected OPEC reference basket oil price in 2016 and 2040 (in U.S. dollars per barrel)OPEC reference basket - oil price 2016-2040
Discover Statista
Need help with using Statista for your research?
Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Statistics
- Transportation output of crude oil sea trade
- Key figures for the Strait of Hormuz 2011
- Iranian crude oil exports by importing country: 2010
- Russia - oil production in barrels daily 1998-2017
- Oil consumption in France 2006-2016
- Oil production in China 2014
- Oil reliance: countries' share of oil in primary energy consumption
- U.S. oil reserves - ending stocks of crude oil 2004-2013
- Projection of electricity generation from oil in the UK from 2015-2035
- Coal - global seaborne trade 2010-2016
- Transportation output of iron ore in global seaborne trade
- Seaborne trade - transportation output of coal
- Transportation output of petroleum products in seaborne trade
- Goods - seaborne global trade 2012
- Total bunker sales in Singapore 2007-2017
- Number of companies in the oil and fat industry in Spain 2010-2014
- Saskatchewan's oil power generation
- Lithuania: number of employees in the water transport industry 2008-2015
- U.S. domestic crude oil refinery receipts by barge 2008-2016
- Italy: berths in the Port Captaincy of Cagliari 2017, by size
Statistics on "Global oil industry and market"
- Volume of global oil reserves from 1990 to 2017 (in billion barrels)
- Distribution of proved oil reserves worldwide from 1992 to 2017, by region
- Distribution of global oil reserves in 2017, by country
- Global oil production from 1998 to 2017 (in million metric tons)
- Distribution of oil production worldwide from 2009 to 2017, by region*
- Share of global crude oil production among the leading oil-producing countries in 2017
- Oil production in the leading oil-producing countries worldwide in 2017 (in 1,000 barrels per day)*
- OPEC's share of total global crude oil production from 2009 to 2017*
- Number of offshore rigs worldwide as of January 2018 by region
- 2018 ranking of the leading global oil and gas companies based on revenue (in billion U.S. dollars)
- Leading oil and gas companies worldwide based on market capitalization as of 2018 (in billion U.S. dollars)
- 2018 ranking of leading global oil equipment and oil services providers based on revenue (in billion U.S. dollars)
- 2018 ranking of leading global oil equipment and oil services providers based on market capitalization (in billion U.S. dollars)
- Revenue of land drilling companies within the global energy equipment and services sector from 2015 to 2020 (in million U.S. dollars)
- Sinopec's operating revenue from 2009 to 2017 (in billion yuan)
- PetroChina's revenue from 2007 to 2017 (in million euros)*
- Royal Dutch Shell's revenue from 2005 to 2018 (in billion U.S. dollars)
- BP Group revenue from 2003 to 2018 (in million U.S. dollars)*
- ExxonMobil's revenue from 2001 to 2018 (in million U.S. dollars)
- Schlumberger Limited's revenue from 2007 to 2018 (in billion U.S. dollars)
- Global refinery capacity for crude oil from 1970 to 2017 (in 1,000 barrels per day)
- Countries with the largest oil refinery capacity worldwide from 2010 to 2017 (in 1,000 barrels per day)*
- Oil refinery capacity in the United States from 1970 to 2017 (in 1,000 barrels per day)
- China's oil refinery capacity from 1970 to 2017 (in 1,000 barrels per day)
- Global oil demand in 2018 and 2019, by region (in million barrels daily)*
- Oil exports worldwide in 2017 by region (in 1,000 barrels per day)*
- Ranking of global oil importers in 2017 (in 1,000 barrels per day)*
- Gross imports of crude oil into the U.S. from 2015 to 2050 (in million barrels per day)*
- Transport volume of crude oil in global seaborne trade from 2010 to 2017 (in million metric tons)
- Average annual Brent crude oil price from 1976 to 2019 (in U.S. dollars per barrel)
- Average annual West Texas Intermediate (WTI) crude oil price from 1976 to 2019 (in U.S. dollars per barrel)
- Average annual OPEC crude oil price from 1960 to 2019 (in U.S. dollars per barrel)
- Prices of OPEC Reference Basket oils from 2002 to 2017 (in U.S. dollars per barrel)
- Spot price of Dubai Fateh crude oil from 1973 to 2017 (in U.S. dollars per barrel)*
- Returns on crude oil investments from 2008 to 2018
- Global oil consumption from 1970 to 2017 (in million metric tons)
- Global distribution of oil consumption between 2015 to 2017, by region
- Distribution of oil demand worldwide in 2017 by sector
- Share of the leading countries in global oil consumption in 2015 to 2017
- Countries with the highest oil consumption from 2014 to 2017 (in 1,000 barrels per day)
- Oil consumption in China from 2005 to 2017 (in million metric tons)
- Distribution of global oil demand from 2017 to 2050, by sector
- Global demand outlook for selected oil products worldwide from 2017 to 2040 (in million barrels per day)
- Projected OPEC reference basket oil price in 2016 and 2040 (in U.S. dollars per barrel)
- Transportation output of crude oil in global seaborne trade 1985 to 2008 (in billion ton miles)
- Selected key figures for the Strait of Hormuz (as of 2011)
- Iran's crude oil exports in 2010, by target region (in 1,000 barrels per day)
- Oil production in Russia from 1998 to 2017 (in 1,000 barrels per day)
- Total oil consumption in France between 2006 and 2016 * (in thousand barrels per day)
- Oil production in China from 2000 to 2014 (in million metric tons)
- Share of oil in primary energy consumption in 2009, by country
- U.S. ending stocks of crude oil from 2004 to 2013 (1,000 barrels)
- Projection of electricity generation from oil in the United Kingdom (UK) from 2015 to 2035 (in terawatt hours)
- Transport volume of coal in global seaborne trade from 2010 to 2016 (in million metric tons)
- Transportation output of iron ore in global seaborne trade from 1985 to 2008 (in billion ton-miles)
- Transportation output of coal in global seaborne trade form 1985 to 2008 (in billion ton-miles)
- Transportation output of petroleum products in global seaborne trade 1985 to 2007 (in billion ton miles)
- Quantity of goods transported in seaborne trade worldwide from 1985 to 2012 (in million metric tons)
- Total bunker sales in Singapore from 2007 to 2017 (in million metric tonnes)
- Annual number of companies in the oil and fat sector in Spain from 2010 to 2014
- Oil power generation in Saskatchewan from 2005 to 2035 (in gigawatt hours)
- Total number of employees in the water transport industry in Lithuania from 2008 to 2015
- U.S. domestic crude oil refinery receipts by barge from 2008 to 2016 (in 1,000 barrels)
- Number of berths in the Port Captaincy of Cagliari in Italy in 2017, by size
Statista Accounts:
Access All Statistics. Starting from $588 / Year
Related topics
About Statista
Statista offers dossiers and reports on over 170 industries. With Statista you are always able to make informed decisions and boost your work efficiency.
Internet & Telecommunications
- Social Media
- E-Commerce
- Online Video & Entertainment
- Advertising & Marketing
Consumer Goods & FMCG
- Alcoholic Beverages
- Cleaning Products
- Cosmetics & Personal Care
- Food & Nutrition
Retail & Trade
- Health & Hygiene
- International Trade
- Shopping Behavior
- Sports & Leisure
Travel, Tourism & Hospitality
- Business Travel
- Leisure Travel
- Accomodation
- Restaurants
Society
- Demographics
- Economy
- Education & Science
- Politics & Government
Transportation & Logistics
- Aviation
- Rail Transport
- Vehicles & Road Traffic
- Water Transport
Please log in to access our additional functions
Register in seconds and access exclusive features.
Basic Account
|
Instant Access
Premium Account
| ||
|---|---|---|---|
Our services
Click the question mark for further information | Free |
$49 per month* | |
| Basic statistics | |||
| Premium statistics | |||
|
Graph download
| |||
| Download PDF | |||
|
Excel download
| |||
| Register | Purchase now | ||
*Duration: 12 months, billed annually, single license
Exclusive Corporate feature
This feature is limited to our corporate solutions.
Please contact us to get started with full access to dossiers, forecasts, studies and international data.
Corporate Account
We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. For details, please see your browser’s Help section (by pressing F1). Please see our privacy statement for details about how we use data.