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.jpg "UN Comtrade SITC 335: Global Trade Analysis of Residual Petroleum Products (Exports & Imports by Country and Region)")
⛽ UN Comtrade SITC 335: Global Trade Value of Residual Petroleum Products, n.e.s.
The category of Residual petroleum products, n.e.s. and related materials, designated by the United Nations Commodity Trade Statistics Database (UN Comtrade) code SITC 335, is crucial for tracking the commerce of heavy refined petroleum products. These typically include heavy fuel oils used in marine transport (bunker fuel), certain lubricating preparations, and asphalt/bitumen components vital for construction.
The table below provides the most recent available figures for the total worldwide trade value of SITC 335 commodities, as reported to UN Comtrade by member countries.
World Trade Value for SITC 335: Residual Petroleum Products, n.e.s.
The data highlights the significant impact of global commodity price movements and industrial recovery on the value of these essential heavy products.
| Year | World Exports (US$ Thousand) | World Imports (US$ Thousand) |
| 2021 | 150,078,754.74 | 156,664,749.09 |
| 2022 | 227,159,380.08 | 237,564,887.89 |
Data Source: UN Comtrade, Annual Data, SITC Rev. 3, Commodity Code 335, Partner: World (0), Flow: Exports/Imports.
🌍 UN Comtrade SITC 335: Export Value of Residual Petroleum Products, n.e.s. by Economic Grouping (2022)
The following table presents the total export value of Residual petroleum products, n.e.s. (SITC 335) for the year 2022, categorized according to the standard United Nations economic groupings. This breakdown illustrates the concentration of refining and export capacity across different stages of economic development.
| Economic Grouping | Export Value (US$ Thousand) | Share of World Exports |
| Developed Economies | $145,385,876$ | $64.0 \%$ |
| Developing Economies | $80,483,165$ | $35.4 \%$ |
| Transition Economies | $1,290,339$ | $0.6 \%$ |
| World Total | $227,159,380 | $100.0 \%$ |
Data Source: Estimated based on UN Comtrade Trade by Economic Groupings and World Total data for SITC Rev. 3, code 335 for the year 2022.
(Note: Import values often exceed export values globally due to the inclusion of freight and insurance costs in import reporting, known as a CIF basis, while exports are reported on an FOB basis.)
💡 Interpretation of the Trade Surge (2021 to 2022)
The most striking feature of the UN Comtrade data is the dramatic increase in trade value for residual petroleum products between 2021 and 2022:
Export Value Growth: The world export value rose by over 51% (an increase of approximately $77 billion).
Import Value Growth: The world import value also surged by over 51% (an increase of approximately $80.9 billion).
This massive value growth is primarily attributed to two major global economic factors:
High Crude Oil Prices: The sharp and sustained spike in international crude oil prices throughout 2022 directly amplified the dollar value of all refined products, including the heavy residual fuels in SITC 335.
Robust Global Recovery: Accelerated post-pandemic recovery led to a substantial increase in maritime trade volumes (driving demand for bunker fuel) and intensified construction activities worldwide (driving demand for asphalt/bitumen).
The figures demonstrate that the market for heavy petroleum residues is large, highly sensitive to geopolitical and economic volatility, and fundamental to the functioning of global infrastructure and logistics.
🌎 UN Comtrade SITC 335: Export Value of Residual Petroleum Products, n.e.s. by Geographical Region (2022)
| Geographical Region | Export Value (US$ Thousand) | Share of World Exports |
| Asia | $84,180,873$ | $37.1 \%$ |
| Europe | $64,302,284$ | $28.3 \%$ |
| Northern America | $39,642,864$ | $17.5 \%$ |
| Latin America and the Caribbean | $25,567,105$ | $11.3 \%$ |
| Africa | $10,132,604$ | $4.5 \%$ |
| Oceania | $3,333,401$ | $1.5 \%$ |
| World Total | $227,159,380 | $100.0 \%$ |
Data Source: Compiled and Estimated from UN Comtrade data for SITC Rev. 3, code 335 for the year 2022, categorized by UNSD geographical regions.
🗺️ UN Comtrade SITC 335: Export Value of Residual Petroleum Products, n.e.s. by Country (2022)
The following table presents the top exporting countries for Residual petroleum products, n.e.s. (SITC 335) in 2022, showing the significant role of major petroleum producers, refining hubs, and global trading centers in the commerce of these heavy refined products.
| Country/Area | Export Value (US$ Thousand) | Share of World Exports |
| Russian Federation | $22,238,591$ | $9.8 \%$ |
| United States | $19,005,108$ | $8.4 \%$ |
| Singapore | $18,720,532$ | $8.2 \%$ |
| Netherlands | $16,843,260$ | $7.4 \%$ |
| India | $15,221,680$ | $6.7 \%$ |
| Other Countries | $135,130,209$ | $59.5 \%$ |
| World Total | $227,159,380 | $100.0 \%$ |
Data Source: Based on UN Comtrade data for SITC Rev. 3, code 335 for the year 2022. The 'Other Countries' figure is the remainder calculated from the reported World Total.
Note on Top Exporters:
The countries listed are consistently the largest exporters of SITC 335, which primarily includes heavy fuel oils, bunker fuel, and petroleum bitumen. Their dominance is linked to:
Refining Capacity: Countries like the United States, India, and the Russian Federation possess vast and complex refining capabilities, producing large quantities of residual products.
Trading Hubs: The Netherlands (via the port of Rotterdam) and Singapore are crucial global trading and bunkering (ship fueling) centers, acting as major re-exporters of petroleum products.
📈 UN Comtrade SITC 335: Highest Export Value Growth of Residual Petroleum Products, n.e.s. by Country (2021 to 2022)
The table below ranks the countries that experienced the highest year-over-year percentage growth in the export value of Residual petroleum products, n.e.s. (SITC 335) between 2021 and 2022.
| Rank | Country/Area | Export Value 2021 (US$ Thousand) | Export Value 2022 (US$ Thousand) | Growth Rate (YoY %) |
| 1 | Kuwait | $1,757,910$ | $5,626,898$ | 220.1% |
| 2 | Saudi Arabia | $1,401,368$ | $3,800,288$ | 171.2% |
| 3 | United Kingdom | $1,343,907$ | $3,450,298$ | 156.7% |
| 4 | Pakistan | $40,593$ | $99,762$ | 145.8% |
| 5 | Thailand | $2,785,116$ | $6,666,734$ | 139.3% |
| -- | World Total | $150,078,755 | $227,159,380$ | 51.4% |
Data Source: Calculated from UN Comtrade Annual Trade Data for SITC Rev. 3, code 335 (Residual petroleum products, n.e.s.) for 2021 and 2022. Figures are rounded.
📈 UN Comtrade SITC 335: Import Value Growth of Residual Petroleum Products, n.e.s. by Geographical Region (2021 to 2022)
The growth rates primarily reflect the significant global increase in the price of heavy petroleum products (like bunker fuel and asphalt) that occurred in 2022.
| Rank | Geographical Region | Import Value 2021 (US$ Thousand) | Import Value 2022 (US$ Thousand) | Growth Rate (YoY %) |
| 1 | Africa | $7,725,270$ | $14,076,011$ | 82.2 % |
| 2 | Asia | $59,313,975$ | $104,186,838$ | 75.6 % |
| 3 | Latin America and the Caribbean | $15,861,311$ | $25,972,709$ | 63.7 % |
| 4 | Northern America | $21,114,888$ | $32,159,850$ | 52.3 % |
| 5 | Oceania | $2,727,477$ | $4,163,852$ | 52.7 % |
| 6 | Europe | $48,921,833$ | $57,005,627$ | 16.5 % |
| -- | World Total | $156,664,749 | $237,564,887$ | 51.6 % |
Data Source: Calculated from UN Comtrade Annual Trade Data for SITC Rev. 3, code 335 (Residual petroleum products, n.e.s.) for 2021 and 2022, categorized by UNSD geographical regions. Figures are rounded.
📈 UN Comtrade SITC 335: Highest Import Value Growth of Residual Petroleum Products, n.e.s. by Country (2021 to 2022)
The table below ranks the countries that experienced the highest year-over-year percentage growth in the import value of Residual petroleum products, n.e.s. (SITC 335) between 2021 and 2022. This high growth rate is typically a result of recovering demand, major commodity price increases, and shifts in supply chains.
| Rank | Country/Area | Import Value 2021 (US$ Thousand) | Import Value 2022 (US$ Thousand) | Growth Rate (YoY %) |
| 1 | Brazil | $1,280,000$ | $8,580,000$ | 570.3% |
| 2 | Panama | $1,050,000$ | $4,850,000$ | 361.9% |
| 3 | Honduras | $145,000$ | $505,000$ | 248.3% |
| 4 | Kuwait | $140,000$ | $440,000$ | 214.3% |
| 5 | Peru | $275,000$ | $855,000$ | 210.9% |
| -- | World Total | $156,664,749$ | $237,564,887$ | 51.6% |
Data Source: Calculated from UN Comtrade Annual Trade Data for SITC Rev. 3, code 335 (Residual petroleum products, n.e.s.) for 2021 and 2022. Figures are rounded.
📈 UN Comtrade SITC 335: Highest Import Value Growth of Residual Petroleum Products, n.e.s. by Country (2021 to 2022)
The table below ranks the countries that experienced the highest year-over-year percentage growth in the import value of Residual petroleum products, n.e.s. (SITC 335) between 2021 and 2022. This high growth rate is typically a result of recovering demand, major commodity price increases, and shifts in supply chains.
| Rank | Country/Area | Import Value 2021 (US$ Thousand) | Import Value 2022 (US$ Thousand) | Growth Rate (YoY %) |
| 1 | Brazil | $1,280,000$ | $8,580,000$ | 570.3% |
| 2 | Panama | $1,050,000$ | $4,850,000$ | 361.9% |
| 3 | Honduras | $145,000$ | $505,000$ | 248.3% |
| 4 | Kuwait | $140,000$ | $440,000$ | 214.3% |
| 5 | Peru | $275,000$ | $855,000$ | 210.9% |
| -- | World Total | $156,664,749$ | $237,564,887$ | 51.6% |
Data Source: Calculated from UN Comtrade Annual Trade Data for SITC Rev. 3, code 335 (Residual petroleum products, n.e.s.) for 2021 and 2022. Figures are rounded.
📝 Conclusion on UN Comtrade SITC 335 Trade Dynamics (2021-2022)
The analysis of UN Comtrade SITC 335 (Residual petroleum products, n.e.s.) trade value data between 2021 and 2022 reveals a market defined by extreme value volatility driven primarily by global commodity prices, alongside significant shifts in regional and national demand.
Key Findings and Global Context
Massive Value Inflation: The overall World Trade Value for SITC 335 experienced a dramatic surge, with both exports and imports growing by approximately 51% (from ~$150 billion to ~$227 billion for exports). This overwhelming increase was not primarily due to a corresponding rise in physical volume, but rather the sharp and sustained increase in global crude oil prices throughout 2022, which inflated the dollar value of all heavy residual products (like bunker fuel and asphalt).
Geographical Trade Flows:
Exports: Trade remains concentrated in major refining and production hubs, with Asia (37.1%) and Europe (28.3%) being the largest exporting regions. At the country level, Russia, the United States, and Singapore were the largest volume exporters, benefiting from their production capacity and roles as key trading centers.
Imports: Asia (43.8%) was the dominant importing region, reflecting its high demand for bunker fuel (due to maritime trade) and asphalt (due to infrastructure projects).
Highest Growth Drivers:
Export Growth (YoY %): The fastest export growth was seen in countries like Kuwait (220.1%) and Saudi Arabia (171.2%). This high-percentage growth was largely an arbitrage effect, where these countries capitalized on high global prices, particularly for heavy fuel oil, boosting their export revenue dramatically.
Import Growth (YoY %): Countries like Brazil (570.3%) and Panama (361.9%) showed the highest import growth rates. This suggests either a massive domestic spike in demand for construction materials and fuel, or a sharp increase in strategic imports related to maritime trade operations (as in Panama's case for bunker fuel).
Final Takeaway
The trade of SITC 335 products is a critical barometer for global industrial activity and logistics. The 2021-2022 period confirms that while global energy prices are the principal determinant of the trade's value, the underlying movement of these goods remains firmly tied to the world's major shipping lanes and infrastructure development projects, with Asia continuing to serve as the dominant center for both consumption and redistribution.