Belarus among the countries most tied to the “oil industry” – Charter’97 :: News from Belarus – Belarusian News – Belarus News – Republic of Belarus
Our country is very strongly hooked on the “hydrocarbon needle”.
The BusinessFinancing.co.uk project provided an infographic showing the main volumes of imports and exports for all countries of the world. According to the project, the commodity trade of Belarus is tied to oil and oil products.
A study based on international trade information (CEPII) showed that oil and oil products are the main import items in 128 countries of the world, including other countries. The top four importers of this fossil fuel are China, the US, India and South Korea.
In Europe, except for Belarus, as the main product, imports of oil and oil products are dominated by the Baltic countries, Ukraine, Moldova, Italy, the Netherlands and other countries.
At the same time, 59 countries of the world export oil and oil products more than anything else. Belarus is also among them, writes Thinktanks.by.
Saudi Arabia is the world’s oil exporter. In 2020, according to OPEC, the country went abroad 6.66 million barrels of “black gold” per day. This is only 380,000 barrels less than in 2019.
In second place in the ranking of exporting countries is Russia, which sold 4.65 million barrels of oil per day in 2020. This is 600,000 barrels less than a year ago.
Iraq ranks third with an advantage of 3.43 million barrels per day.
According to the infographic, 17 countries in Europe export more oil than any other product. And again, Belarus is one of them.