OIL IMPORT & EXPORT IN THE WORLD IN 2010
OECD countries accounted for 50% of world imports of refined products and 45% of exports in 2010.
The United States reinforced its position as a net exporter of refined products, since exports grew by 12% during the year. Europe achieved a noticeable reduction in its dependency, with exports of oil products increasing faster than imports. Conversely, Japan saw its position deteriorate due to a substantial increase in imports.
Among developing counties, Russia, the leading exporter, increased its trade surplus as exports increased by 8%, whereas Latin America deepened its deficit, since Brazilian imports shot up 70% during the year. The Asian deficit also increased significantly (+8% in imports of refined products), despite the fact that China maintained its trade position in 2010. The Middle East remained a net exporter of refined products and increased its surplus by 4.6% after a large drop in 2009.