Crude Oil

Crude oil (HS 270900) is the world's most traded commodity by value, serving as the primary feedstock for refined fuels, petrochemicals, and lubricants. Supply is highly concentrated among OPEC+ members, making price and availability acutely sensitive to cartel decisions, geopolitical events, and sanctions regimes. Trade flows are subject to origin scrutiny, sanctions compliance (notably Russia and Iran), and high transshipment risk via flag-of-convenience vessels.

Recent trade flows

• CA → US: $97187.2M (61.6% share)
• RU → CN: $60679.2M (27.1% share)
• SA → CN: $53877.6M (24.1% share)
• RU → IN: $48639.8M (48.1% share)
• MY → CN: $28611.5M (12.8% share)
• AE → CN: $26640.4M (11.9% share)

What Logitality tells you for HS 270900

• Import duty rates by origin country — MFN, FTA, anti-dumping, safeguard duties
• Supplier depth — which origins have the most active supply base into your market
• FX movement impact — whether your currency is working for or against you
• AI-generated sourcing decision guide — which origin wins under which condition
• Feedstock and energy cost signals — early warning on supplier price changes
• Compliance flags — hazmat, dual-use, country of origin rules where applicable