Oil Exports 2004
Oil Exports data reveals country performances, allowing comparison and exploration of rankings and trends with interactive maps.
Interactive Map
Complete Data Rankings
- #1
Aruba
- #2
Antigua and Barbuda
- #3
United Arab Emirates
- #4
Afghanistan
- #5
Algeria
- #6
Azerbaijan
- #7
Albania
- #8
Angola
- #9
American Samoa
- #10
Argentina
Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.
- #203
Zimbabwe
- #202
Zambia
- #201
Yemen
- #200
Eswatini
- #199
Samoa
- #198
Namibia
- #197
United States Virgin Islands
- #196
Vietnam
- #195
British Virgin Islands
- #194
Venezuela
Context: These countries or territories have the lowest values, often due to geographic size, administrative status, or specific characteristics.
Analysis & Context
In 2004, South Korea led the world in Oil Exports with a staggering 804,700 units, while the global range extended from a minimum of 0.00 to a maximum of 804,700. The year saw an average oil export value of 137,823.20 across the 34 countries with available data. This snapshot of the oil export landscape provides a compelling insight into global economic dynamics and the strategic positioning of countries within the energy sector.
Economic Powerhouses and Their Influence on Oil Exports
The dominance of South Korea in oil exports can be attributed to its robust industrial sector and strategic investments in refining capabilities. With a value of 804,700, South Korea not only leads but significantly outpaces other top exporters like Australia and Italy, with exports of 523,400 and 456,600 respectively. These countries have leveraged their advanced industrial bases and strategic geographic locations to become key players in global oil trade.
In contrast, European nations such as Belgium and France also feature prominently with exports of 450,000 and 409,600. Their inclusion highlights the importance of refining and re-exporting oil products, a common practice in these countries due to their developed infrastructure and access to major trade routes.
The Anomalies: Countries with Minimal Oil Exports
On the other end of the spectrum, countries like Iceland and Netherlands reported negligible oil exports, with figures as low as 0 and 1.418 respectively. This low output can be attributed to the lack of domestic oil resources and a strategic focus on other sectors such as renewable energy or technology.
Interestingly, oil-rich nations like Iraq and Kuwait also appear at the lower end of the export scale, with values of 1.7 and 1.97. This may reflect geopolitical constraints or domestic policy decisions to prioritize local consumption over exports during this period.
Stability in Year-over-Year Changes
Despite the dynamic nature of global oil markets, 2004 saw no significant year-over-year changes in oil export figures for the top exporting countries. Both South Korea and Australia reported no change in their export volumes, maintaining their positions through consistent production and export strategies. This stability suggests a period of equilibrium in the market where major players maintained their status without dramatic shifts in policy or external shocks.
Geopolitical and Policy Drivers
The patterns observed in 2004 can largely be explained by geopolitical and policy factors. For instance, the presence of Germany and France among the top exporters underscores the European Union's strategic emphasis on energy security and diversification of energy sources. Their high export figures, 404,300 and 409,600 respectively, indicate a strong reliance on refining imported crude for export as finished products.
Moreover, the negligible export figures from countries like Saudi Arabia and Norway, despite their vast oil reserves, could be understood through the lens of policy decisions focusing on maximizing revenue through controlled production and export strategies. Saudi Arabia, with exports of just 7.92, likely prioritized market stability and price control over volume.
The 2004 oil export data reveals a complex interplay of industrial capacity, geographic positioning, and strategic policy decisions. While some countries have capitalized on their industrial prowess and strategic locations, others have been constrained by geopolitical and economic factors. This intricate landscape of oil exports underscores the nuanced nature of global energy economics.
Data Source
CIA World Factbook
The World Factbook, also known as the CIA World Factbook, was a reference resource produced by the US Central Intelligence Agency between 1962 and 2026 with almanac-style information about the countries of the world. From 1971 it was not classified, and available to the public in print since 1975, initially by the CIA, and later the Government Publishing Office.
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