Overview: In August 2020 United Kingdom's Refined Petroleum exports accounted up to £378M and imports accounted up to £539M, resulting in a negative trade balance of £161M. Between August 2019 and August 2020 the exports of United Kingdom's Refined Petroleum have decreased by £-344M (-47.6%) from £722M to £378M, while imports decreased by £-768M (-58.8%) from £1.31B to £539M.
Destinations: In August 2020 Refined Petroleum exported mostly to Netherlands (£111M), Ireland (£64.9M), Belgium (£53.8M), United States (£49.5M), and Nigeria (£27.8M), and imported mostly from Russia (£112M), Belgium (£108M), Netherlands (£80.9M), United States (£33.1M), and Saudi Arabia (£30.3M).
Growth: In August 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-98.8M or -60.3%), Netherlands (£-89.4M or -44.7%), and United States (£-76.7M or -60.8%). In August 2020, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Saudi Arabia (£-133M or -81.5%), Russia (£-123M or -52.4%), and Netherlands (£-95.7M or -54.2%).