Refined Petroleum in Spain

EXPORTS (2018): $13.3B, World Rnk 15 / 198
Flag Rnk 2 / 1215

TOP DESTINATION (2018): $1.74B, United States

FASTEST GROWING MARKET (2017 - 2018): $552M, Gibraltar

IMPORTS (2018): $8.56B, World Rnk 25 / 221
Flag Rnk 6 / 1212

TOP ORIGIN (2018): $1.54B, Italy

FASTEST GROWING ORIGIN (2017 - 2018): $284M, Netherlands

ECONOMIC COMPLEXITY of Spain (2018): 0.85, Rnk 33 / 137

Overview: This page contains the latest trade data of Refined Petroleum in Spain.

Exports: In 2018, Spain exported $13.3B in Refined Petroleum, making it the 15th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Spain. The main destination of Refined Petroleum exports from Spain are: United States ($1.74B), France ($1.56B), Gibraltar ($1.56B), Netherlands ($1.24B), and Morocco ($1.13B).

The fastest growing export markets for Refined Petroleum of Spain between 2017 and 2018 were Gibraltar ($552M), France ($426M), and United States ($371M).

Imports: In 2018, Spain imported $8.56B in Refined Petroleum, becoming the 25th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most imported product in Spain. Spain imports Refined Petroleum primarily from: Italy ($1.54B), Russia ($876M), Saudi Arabia ($794M), Portugal ($677M), and Netherlands ($518M).

The fastest growing import markets in Refined Petroleum for Spain between 2017 and 2018 were Netherlands ($284M), Turkey ($267M), and Sweden ($224M).

Tariffs: In 2017, the average tariff for Spain in Refined Petroleum was 0.75%. The countries with the highest import tariffs for Refined Petroleum were Western Sahara (2.54%), Gabon (2.54%), Libya (2.54%), Mayotte (2.54%), and Reunion (2.54%).

Overview: In July 2020 Spain's Refined Petroleum exports accounted up to €575M and imports accounted up to €295M, resulting in a positive trade balance of €281M. Between July 2019 and July 2020 the exports of Spain's   Refined Petroleum have decreased by €-656M (-53.3%) from €1.23B to €575M, while imports decreased by €-396M (-57.3%) from €690M to €295M.

Destinations: In July 2020 Refined Petroleum exported mostly to World (€82.8M), United States (€69.2M), Morocco (€52.2M), France (€47.9M), and Italy (€46.6M), and imported mostly from Russia (€97.8M), Saudi Arabia (€61.4M), Italy (€25.5M), United Arab Emirates (€20.2M), and Netherlands (€18.5M).

Growth: In July 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to World (€-136M or -62.1%), Netherlands (€-79.3M or -88.6%), and Nigeria (€-60.2M or -97.4%). In July 2020, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from United States (€-87.7M or -89.2%), Italy (€-70.1M or -73.3%), and Russia (€-45.2M or -31.6%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): €-656M, (-53.3%)

IMPORT GROWTH (July 2019 - July 2020): €-396M, (-57.3%)

MAIN EXPORTER (July 2020): Cádiz, €145M

MAIN DESTINATION (July 2020): World, €82.8M

This section shows Refined Petroleum's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Refined Petroleum over time.

Value

EXPORTS (2018): $13.3B

IMPORTS (2018): $8.56B

NET TRADE (2018): $4.74B

In 2018, Spain exported $13.3B in Refined Petroleum. The main destinations of Spain exports on Refined Petroleum were United States ($1.74B), France ($1.56B), Gibraltar ($1.56B), Netherlands ($1.24B), and Morocco ($1.13B).

In 2018, Spain imported $8.56B in Refined Petroleum, mainly from Italy ($1.54B), Russia ($876M), Saudi Arabia ($794M), Portugal ($677M), and Netherlands ($518M).

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IN 2018, Spain HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • Gibraltar, $1.56B ($1.56B - $8.71k)
  • United States, $1.34B ($1.74B - $402M)
  • Morocco, $1.13B ($1.13B - $25.9k)

IN 2018, Spain HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • Russia, -$873M ($3.16M - $876M)
  • Italy, -$825M ($715M - $1.54B)
  • Saudi Arabia, -$728M ($65.7M - $794M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Spain WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Spain WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Spain's main exporting competitors in Refined Petroleum were:

In 2018, Spain's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

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

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Tariffs by Country

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In 2017, the average tariff for Spain in Refined Petroleum was 0.75%.

The countries with the highest tariffs for Refined Petroleum in Spain were Western Sahara (2.54%), Gabon (2.54%), Libya (2.54%), Mayotte (2.54%), and Reunion (2.54%).

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