Overview: In May 2020 United Kingdom's Refined Petroleum exports accounted up to £321M and imports accounted up to £251M, resulting in a positive trade balance of £70.1M. Between May 2019 and May 2020 the exports of United Kingdom's Refined Petroleum have decreased by £-714M (-69%) from £1.04B to £321M, while imports decreased by £-1.11B (-81.6%) from £1.36B to £251M.
Destinations: In May 2020 Refined Petroleum exported mostly to Netherlands (£109M), Belgium (£50.8M), Ireland (£49.6M), United States (£38.7M), and Sweden (£14M), and imported mostly from Netherlands (£49M), Belgium (£30.7M), Russia (£26M), Sweden (£18.2M), and Spain (£17.4M).
Growth: In May 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 (£-155M or -58.8%), and Ireland (£-137M or -73.4%). In May 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%).