Crude Petroleum in Spain 2020 Exports | Imports : $396M | $15.8B, World Rnk 45 / 132 Rnk 173 / 1213 | World Rnk 9 / 145 Rnk 1 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $45.1M | $215M, South Africa | Brazil
2020 ECONOMIC COMPLEXITY of Spain: 0.76, Rnk 34 / 127
2020 PRODUCT COMPLEXITY IN Crude Petroleum: -2.2, Rnk 1018 / 1029
Exports In 2020, Spain exported $396M in Crude Petroleum, making it the 45th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 173rd most exported product in Spain. The main destination of Crude Petroleum exports from Spain are: France ($147M), Italy ($95.7M), South Africa ($45.1M), United Kingdom ($41.8M), and Portugal ($25.1M).
The fastest growing export markets for Crude Petroleum of Spain between 2019 and 2020 were South Africa ($45.1M), Malta ($13.1M), and Belgium ($4.27M).
Imports In 2020, Spain imported $15.8B 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 ($3.76B), Mexico ($1.89B), Saudi Arabia ($1.49B), Kazakhstan ($1.09B), and Brazil ($1.03B).
The fastest growing import markets in Crude Petroleum for Spain between 2019 and 2020 were Brazil ($215M), Italy ($112M), and Colombia ($101M).
December 2022
Overview In December 2022 Spain's Crude Petroleum exports accounted up to €98.7M and imports accounted up to €3.32B, resulting in a negative trade balance of €3.22B. Between December 2021 and December 2022 the exports of Spain's Crude Petroleum have increased by €98.7M (2.82M%) from €3.5k to €98.7M, while imports increased by €744M (28.8%) from €2.58B to €3.32B.
Destinations In December 2022, Crude Petroleum were exported mostly to Italy (€63.8M), France (€26.8M), Portugal (€8M), and Mexico (€50.6k), and were imported mostly from Nigeria (€384M), Mexico (€363M), United States (€295M), Libya (€271M), and Angola (€248M).
Growth In December 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to Italy (€19.5M or 99.5%). In December 2022, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from United States (€241M or 384%), Algeria (€180M or 472%), and Nigeria (€92.4M or 28.1%).
EXPORT GROWTH (December 2021 - December 2022): €98.7M, (2.82M%)
IMPORT GROWTH (December 2021 - December 2022): €744M, (28.8%)
MAIN EXPORTER (December 2022): Murcia, €92.3M
MAIN DESTINATION (December 2022): Italy, €63.8M
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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EXPORTS (2020): $396M
IMPORTS (2020): $15.8B
NET TRADE (2020): -$15.5B
In 2020, Spain exported $396M in Crude Petroleum. The main destinations of Spain exports on Crude Petroleum were France ($147M), Italy ($95.7M), South Africa ($45.1M), United Kingdom ($41.8M), and Portugal ($25.1M).
In 2020, Spain imported $15.8B in Crude Petroleum, mainly from Nigeria ($3.76B), Mexico ($1.89B), Saudi Arabia ($1.49B), Kazakhstan ($1.09B), and Brazil ($1.03B).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Spain WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Spain WERE (2019 - 2020):
In 2020, Spain's main exporting competitors in Crude Petroleum were:
In 2020, Spain's main importing competitors in Crude Petroleum were:
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