In 2023, oil exports from Latin America reached the lowest figure in at least 2022 years, amounting to 4.02 million barrels per day. This represents a decrease of nearly 42 percent in comparison to 2016, when the region's exports registered the peak of the decade, at over 7.1 million daily barrels. However, in 2023, this value increased to 4.69 million barrels per day. Similarly, oil production in Latin America also showed a similar trend during the recent years.
Crude oil exports from Latin America from 2010 to 2023
(in million barrels per day)
Including crude oil and oil products; excluding biofuels
Supplementary notes
Figures were calculated by Statista based on the values for Mexico and Central and South America provided by the source.
Data refers to inter-regional trade, and excludes intra-area movements (between countries in Central and South America). Exports from Mexico to the rest of Latin America and vice-versa are included.
This statitsic was compiled using several releases of the publication. Figures have been rounded.
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Statista, & Energy Institute. (June 20, 2024). Crude oil exports from Latin America from 2010 to 2023 (in million barrels per day) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1043825/oil-export-volume-latin-america/
Statista, und Energy Institute. "Crude oil exports from Latin America from 2010 to 2023 (in million barrels per day)." Chart. June 20, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1043825/oil-export-volume-latin-america/
Statista, Energy Institute. (2024). Crude oil exports from Latin America from 2010 to 2023 (in million barrels per day). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1043825/oil-export-volume-latin-america/
Statista, and Energy Institute. "Crude Oil Exports from Latin America from 2010 to 2023 (in Million Barrels per Day)." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/1043825/oil-export-volume-latin-america/
Statista & Energy Institute, Crude oil exports from Latin America from 2010 to 2023 (in million barrels per day) Statista, https://www.statista.com/statistics/1043825/oil-export-volume-latin-america/ (last visited December 30, 2024)
Crude oil exports from Latin America from 2010 to 2023 (in million barrels per day) [Graph], Statista, & Energy Institute, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/1043825/oil-export-volume-latin-america/
