The Strait of Hormuz is the maritime shipping route where oil constitutes the highest share of the total trade processed. In 2023, oil accounted for ** percent of all trade by value via this route and nearly ** percent of all trade by volume.
By comparison, oil makes up more than **** of all cargoes by volume passing through the English Channel.
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Other statistics that may interest you Statistics report on trade corridors in the MENA region: Logistics disruptions in the Strait of Hormuz and Red Sea
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IEA. (October 29, 2024). Share of crude oil in total trade via select maritime shipping routes worldwide in 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1609818/oil-trade-share-in-select-maritime-trade-routes-worldwide/
IEA. "Share of crude oil in total trade via select maritime shipping routes worldwide in 2023 ." Chart. October 29, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1609818/oil-trade-share-in-select-maritime-trade-routes-worldwide/
IEA. (2024). Share of crude oil in total trade via select maritime shipping routes worldwide in 2023 . ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1609818/oil-trade-share-in-select-maritime-trade-routes-worldwide/
IEA. "Share of Crude Oil in Total Trade via Select Maritime Shipping Routes Worldwide in 2023 ." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 29 Oct 2024, /statistics/1609818/oil-trade-share-in-select-maritime-trade-routes-worldwide/
IEA, Share of crude oil in total trade via select maritime shipping routes worldwide in 2023 ÌÇÐÄÆƽâ°æ, /statistics/1609818/oil-trade-share-in-select-maritime-trade-routes-worldwide/ (last visited August 01, 2026)
Share of crude oil in total trade via select maritime shipping routes worldwide in 2023 [Graph], IEA, October 29, 2024. [Online]. Available: /statistics/1609818/oil-trade-share-in-select-maritime-trade-routes-worldwide/
