Heading · Section V

2709: Petroleum oils and oils obtained from bituminous minerals, crude

2709
  • FreeUK
  • FreeEU
  • 25%Türkiye
  • —USA
  • US$1.3tnWorld trade in 2024

Heading 2709 has no further six-digit division: the whole heading is subheading 2709.00, in chapter 27 (mineral fuels, mineral oils and products of their distillation).

The UK Global Tariff divides heading 2709 into 2 tariff lines; the duty is duty-free.

In the EU Combined Nomenclature, heading 2709 covers 2 tariff lines and the duty is duty-free.

The Turkish Customs Tariff Schedule divides heading 2709 into 2 tariff lines; the statutory rate is 25%.

In the Harmonized Tariff Schedule of the United States all 2 lines under heading 2709 carry a specific or compound duty rather than a percentage.

In 2024, countries exported heading 2709 goods worth US$1.3tn (−1.5% year on year).

The largest exporter was Saudi Arabia (US$186.9bn), followed by Russia.

The biggest buyer was China, with imports of US$318.4bn.

The United Kingdom ranked 20th among 135 exporters with US$17.1bn.

The United Kingdom imported US$31bn.

Duty rates compared

UK Free Third-country duty 2 tariff lines EU Free Third-country duty 2 tariff lines Türkiye 25% Statutory rate (Law 474) 2 tariff lines USA specific or compound duty General (MFN) 2 tariff lines

The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.

Subheadings 1

World trade in 2024

2709 · US$1.3tn

Trade value (US$) no reported trade < US$210.3mUS$210.3m+US$3.2bn+US$28.9bn+> US$114.4bn

Exports: 135
  1. Saudi Arabia: US$186.9bn
  2. Russia: US$124.2bn
  3. United States: US$123.7bn
  4. United Arab Emirates: US$114.4bn
  5. Canada: US$109bn
  6. Iraq: US$97.9bn
  7. Norway: US$50bn
  8. Malaysia: US$46.7bn
  9. Brazil: US$45.9bn
  10. Nigeria: US$40.6bn
  11. Kazakhstan: US$36bn
  12. Angola: US$32.2bn
  13. Oman: US$28.9bn
  14. Kuwait: US$28.8bn
  15. Libya: US$27.7bn
  16. Mexico: US$26.6bn
  17. Netherlands: US$24.7bn
  18. Qatar: US$21.4bn
  19. Guyana: US$17.5bn
  20. United Kingdom: US$17.1bn
  21. Ecuador: US$15.4bn
  22. Azerbaijan: US$13.3bn
  23. Algeria: US$13.2bn
  24. Colombia: US$12.2bn
  25. Venezuela: US$9.8bn
  26. Australia: US$6.7bn
  27. Congo - Brazzaville: US$5.4bn
  28. Argentina: US$5.3bn
  29. Gabon: US$5.2bn
  30. Ghana: US$3.7bn
  31. Chad: US$3.2bn
  32. Cameroon: US$2.7bn
  33. Indonesia: US$2.6bn
  34. Equatorial Guinea: US$2.3bn
  35. Brunei: US$2.1bn
  36. Vietnam: US$1.6bn
  37. Trinidad & Tobago: US$1.6bn
  38. Egypt: US$1.2bn
  39. Türkiye: US$1.2bn
  40. Côte d’Ivoire: US$1.1bn
  41. Senegal: US$890.2m
  42. Spain: US$885.9m
  43. Papua New Guinea: US$838.2m
  44. Croatia: US$777.5m
  45. Italy: US$728m
  46. Denmark: US$721.2m
  47. Belgium: US$707.3m
  48. Sudan: US$680.1m
  49. New Zealand: US$622.5m
  50. Congo - Kinshasa: US$598.6m
  51. China: US$567m
  52. Thailand: US$551m
  53. Tunisia: US$480.9m
  54. South Sudan: US$397.2m
  55. Slovakia: US$357.4m
  56. Israel: US$357.4m
  57. Nicaragua: US$357.2m
  58. Mongolia: US$322.2m
  59. Peru: US$310.4m
  60. Niger: US$276.1m

Top exporters

RankCountryValueShare
1 Saudi Arabia US$186.9bn 14.1%
2 Russia US$124.2bn 9.4%
3 United States US$123.7bn 9.3%
4 United Arab Emirates US$114.4bn 8.6%
5 Canada US$109bn 8.2%
6 Iraq US$97.9bn 7.4%
7 Norway US$50bn 3.8%
8 Malaysia US$46.7bn 3.5%
9 Brazil US$45.9bn 3.5%
10 Nigeria US$40.6bn 3.1%

Top importers

RankCountryValueShare
1 China US$318.4bn 24%
2 United States US$169.2bn 12.8%
3 India US$141.8bn 10.7%
4 South Korea US$84.5bn 6.4%
5 Japan US$73.1bn 5.5%
6 Netherlands US$54.8bn 4.1%
7 Germany US$36.8bn 2.8%
8 Spain US$35.6bn 2.7%
9 Italy US$32.4bn 2.4%
10 Thailand US$32.3bn 2.4%

Products classified here

Questions and answers

What is the HS code for petroleum oils and oils obtained from bituminous minerals, crude?

Petroleum oils and oils obtained from bituminous minerals, crude fall under HS heading 2709, part of chapter 27, in section V of the Harmonized System.

What is the import duty on petroleum oils and oils obtained from bituminous… in the UK?

Under the UK Global Tariff, imports under 2709 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on petroleum oils and oils obtained from bituminous… in the EU?

Under the EU Combined Nomenclature, imports under 2709 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most petroleum oils and oils obtained from bituminous…?

Saudi Arabia, with US$186.9bn in 2024 (14.1% of world exports).