Overview: In June 2020 United Kingdom's Refined Petroleum exports accounted up to £405M and imports accounted up to £567M, resulting in a negative trade balance of £162M. Between June 2019 and June 2020 the exports of United Kingdom's Refined Petroleum have decreased by £-271M (-40.1%) from £675M to £405M, while imports decreased by £-845M (-59.8%) from £1.41B to £567M.
Destinations: In June 2020 Refined Petroleum exported mostly to Netherlands (£110M), Ireland (£87.2M), Belgium (£52.2M), United States (£37.4M), and Gibraltar (£23.7M), and imported mostly from Netherlands (£49.1M), Belgium (£38.7M), Russia (£26M), Sweden (£18.2M), and Spain (£17.4M).
Growth: In June 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to United States (£-198M or -83.6%), Netherlands (£-148M or -55.9%), and Ireland (£-137M or -73.4%). In June 2020, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Russia (£-221M or -89.5%), Netherlands (£-152M or -75.6%), and Saudi Arabia (£-145M or -90.2%).