Crude Petroleum in United Kingdom

EXPORTS (2018): $26.4B, World Rnk 13 / 120
Flag Rnk 2 / 1215

TOP DESTINATION (2018): $9.87B, Netherlands

FASTEST GROWING IN MARKET (2017 - 2018): $5.45B, Netherlands

IMPORTS (2018): $24.9B, World Rnk 11 / 148
Flag Rnk 3 / 1212

TOP ORIGIN (2018): $12B, Norway

FASTEST GROWING ORIGIN (2017 - 2018): $2.01B, United States

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Exports: In 2018, United Kingdom exported $26.4B in Crude Petroleum, making it the 13th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in United Kingdom. The main destination of Crude Petroleum exports from United Kingdom are: Netherlands ($9.87B), China ($4.83B), Germany ($2.57B), South Korea ($2.44B), and United States ($1.48B).

The fastest growing export markets for Crude Petroleum of United Kingdom between 2017 and 2018 were Netherlands ($5.45B), China ($1.21B), and United States ($1.02B).

Imports: In 2018, United Kingdom imported $24.9B in Crude Petroleum, becoming the 11th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in United Kingdom. United Kingdom imports Crude Petroleum primarily from: Norway ($12B), United States ($3.71B), Nigeria ($3.03B), Algeria ($2.52B), and Canada ($837M).

The fastest growing import markets in Crude Petroleum for United Kingdom between 2017 and 2018 were United States ($2.01B), Nigeria ($1.58B), and Norway ($1.1B).

Value

EXPORTS (2018): $26.4B

IMPORTS (2018): $24.9B

NET TRADE (2018): $1.55B

In 2018, United Kingdom exported $26.4B in Crude Petroleum. The main destinations of United Kingdom exports on Crude Petroleum were Netherlands ($9.87B), China ($4.83B), Germany ($2.57B), South Korea ($2.44B), and United States ($1.48B).

In 2018, United Kingdom imported $24.9B in Crude Petroleum, mainly from Norway ($12B), United States ($3.71B), Nigeria ($3.03B), Algeria ($2.52B), and Canada ($837M).

IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • Netherlands, $9.83B ($9.87B - $43.2M)
  • China, $4.83B ($4.83B - $0)
  • Germany, $2.57B ($2.57B - $0)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • Norway, -$11.4B ($594M - $12B)
  • Nigeria, -$3.03B ($19.1k - $3.03B)
  • Algeria, -$2.52B ($0 - $2.52B)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United Kingdom WERE (2017 - 2018):

Market Concentration

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Flow
Type

In 2018, United Kingdom's main exporting competitors in Crude Petroleum were:

In 2018, United Kingdom's main importing competitors in Crude Petroleum were:

Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

Explore Forecasts