HS Icon Crude Petroleum in  Flag Spain

2019
Exports | Imports
: $452M | $27.8B, World Rnk 52 / 135
Flag Rnk 162 / 1213 | World Rnk 9 / 156
Flag Rnk 1 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $73.3M | $865M, United Kingdom |  Libya

2019
ECONOMIC COMPLEXITY of Spain
: 0.85, Rnk 33 / 147

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports: In 2019, Spain exported $452M in Crude Petroleum, making it the 52nd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 162nd most exported product in Spain. The main destination of Crude Petroleum exports from Spain are: France ($203M), Italy ($126M), United Kingdom ($73.3M), Portugal ($26.4M), and Slovenia ($20.6M).

The fastest growing export markets for Crude Petroleum of Spain between 2018 and 2019 were United Kingdom ($73.3M), Colombia ($134k), and Cuba ($48.1k).

Imports: In 2019, Spain imported $27.8B in Crude Petroleum, becoming the 9th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Spain. Spain imports Crude Petroleum primarily from: Nigeria ($5.21B), Libya ($3.75B), Saudi Arabia ($3.29B), Mexico ($3.14B), and Kazakhstan ($2.02B).

The fastest growing import markets in Crude Petroleum for Spain between 2018 and 2019 were Libya ($865M), Venezuela ($514M), and United States ($409M).

Latest Trends (April 2021)

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Overview: In April 2021 Spain's Crude Petroleum exports accounted up to €67.2M and imports accounted up to €1.7B, resulting in a negative trade balance of €1.63B. Between April 2020 and April 2021 the exports of Spain's   Crude Petroleum have increased by €54.4M (425%) from €12.8M to €67.2M, while imports increased by €860M (102%) from €840M to €1.7B.

Destinations: In April 2021, Crude Petroleum were exported mostly to Italy (€43.8M), France (€16.8M), Portugal (€6.64M), Colombia (€1.72k), and Czechia (€93), and were imported mostly from Mexico (€240M), Kazakhstan (€203M), Libya (€186M), Nigeria (€155M), and Saudi Arabia (€149M).

Growth: In April 2021, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to Italy (€43M or 5.15k%), Portugal (€6.64M or 3.28M%), and France (€4.83M or 40.3%). In April 2021, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Libya (€175M or 1.6k%), Kazakhstan (€159M or 357%), and Mexico (€83.4M or 53.3%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): €54.4M, (425%)

IMPORT GROWTH (April 2020 - April 2021): €860M, (102%)

MAIN EXPORTER (April 2021): Murcia, €50.6M

MAIN DESTINATION (April 2021): Italy, €43.8M

This section shows Crude 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 Crude Petroleum over time.

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Historical Data

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Value

EXPORTS (2019): $452M

IMPORTS (2019): $27.8B

NET TRADE (2019): -$27.3B

In 2019, Spain exported $452M in Crude Petroleum. The main destinations of Spain exports on Crude Petroleum were France ($203M), Italy ($126M), United Kingdom ($73.3M), Portugal ($26.4M), and Slovenia ($20.6M).

In 2019, Spain imported $27.8B in Crude Petroleum, mainly from Nigeria ($5.21B), Libya ($3.75B), Saudi Arabia ($3.29B), Mexico ($3.14B), and Kazakhstan ($2.02B).

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IN 2019, Spain HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, Spain HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Spain WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Spain WERE (2018 - 2019):

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Market Concentration

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Flow
Type

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

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

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Tariffs by Country

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In 2017, the tariffs for Crude Petroleum in the imports of Spain were of 0% around the world.