Oil Exports 2007
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.
- #201
Zimbabwe
- #200
Zambia
- #199
Yemen
- #198
Eswatini
- #197
Samoa
- #196
Namibia
- #195
United States Virgin Islands
- #194
Vietnam
- #193
British Virgin Islands
- #192
Venezuela
Context: These countries or territories have the lowest values, often due to geographic size, administrative status, or specific characteristics.
Analysis & Context
In 2007, Oman led the world in Oil Exports with a maximum export value of 733,100, while several countries, such as Zimbabwe and Iceland, reported zero exports. The global range for oil exports spanned from 0 to 733,100. The average global oil export value was 137,037, providing a benchmark for assessing individual country performances.
Dominant Oil Exporters: Economic and Strategic Implications
The dominance of Oman in oil exports in 2007 can be attributed to its strategic geographic position and robust oil production capabilities. The country's economy heavily relies on oil, which constitutes a significant portion of its GDP. Similarly, South Korea and Malaysia, with export values of 644,100 and 611,200 respectively, highlight the importance of oil in their manufacturing and industrial sectors. These countries are major players in the global oil market, leveraging their refining capacities and strategic trade partnerships. The presence of European countries like Belgium and Italy in the top exporters list also underscores the role of advanced infrastructure in facilitating oil exports.
Factors Behind Minimal Oil Exports
At the other end of the spectrum, countries such as Zimbabwe and Iceland reported no oil exports in 2007. This can primarily be attributed to the absence of significant oil reserves and the lack of a developed oil production infrastructure. Kazakhstan, despite its known oil reserves, reported a minimal export value of 1, indicating possible political or economic constraints that year. The United States, with an export value of 1.048, reflects its focus on domestic consumption and strategic reserves, rather than prioritizing exports.
Year-over-Year Trends: Movers and Shakers
The year 2007 saw significant shifts in oil exports for several countries. Germany experienced the largest increase, with exports surging by 505,710 (3893.1%), reflecting a strategic shift to enhance its role in oil refining and distribution. Malaysia and Belarus also reported substantial increases of 381,000 (165.5%) and 235,400 (1623.4%), respectively, highlighting their growing capabilities in oil processing and trade. Conversely, Kazakhstan faced a dramatic decline of -889,999 (-100.0%), possibly due to geopolitical issues or shifts in domestic policy. Australia and the Syrian Arab Republic also experienced notable decreases, with drops of -190,200 (36.3%) and -110,000 (38.6%), respectively.
Policy and Market Dynamics
The fluctuations in oil exports among countries in 2007 can be attributed to a combination of policy changes, market dynamics, and geopolitical factors. Countries like Germany and Malaysia likely capitalized on favorable market conditions and strategic investments in refining capacity. In contrast, countries with declining exports, such as Kazakhstan and Australia, may have faced challenges in maintaining competitive export levels due to changes in global oil prices or domestic policy shifts. Understanding these dynamics is crucial for stakeholders looking to navigate the complexities of the global oil market.
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.
Visit Data SourceHistorical Data by Year
Explore Oil Exports data across different years. Compare trends and see how statistics have changed over time.
More Economy Facts
Agriculture Value Added as a Share of GDP by Country
Explore the agriculture value added as a share of GDP by country, measuring the economic impact of farming sectors. This statistic highlights the importance of agriculture in national economies and informs investment decisions.
View dataBrowse All Economy
Explore more facts and statistics in this category
All Categories
Discover more categories with comprehensive global data