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2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported N/A in Crude Petroleum, making it the 16th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most exported product in United Kingdom. The main destination of Crude Petroleum exports from United Kingdom are: Netherlands ($9.89B), Germany ($3.54B), Sweden ($1.94B), France ($1.77B), and Poland ($1.56B).

The fastest growing import markets in Crude Petroleum for United Kingdom between 2021 and 2022 were Norway ($6.14B), United States ($5.88B), and Canada ($681M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Crude Petroleum exports accounted up to £940M and imports accounted up to £1.61B, resulting in a negative trade balance of £674M. Between September 2023 and September 2024 the exports of United Kingdom's   Crude Petroleum have decreased by £-180M (-16.1%) from £1.12B to £940M, while imports decreased by £-263M (-14%) from £1.88B to £1.61B.

Destinations In September 2024, Crude Petroleum were exported mostly to N/A, and were imported mostly from Norway (£583M), United States (£529M), Nigeria (£160M), Algeria (£126M), and Guyana (£88.2M).

Growth In September 2024, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to N/A. In September 2024, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-180M(-16.1%)
IMPORT GROWTH (September 2023 - September 2024)£-263M(-14%)

This section shows Crude Petroleum's exports and imports data at subnational level for United Kingdom. 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

Trade Balance

Color

In N/A, United Kingdom exported N/A in Crude Petroleum. The main destinations of United Kingdom exports on Crude Petroleum were Netherlands ($9.89B), Germany ($3.54B), Sweden ($1.94B), France ($1.77B), and Poland ($1.56B).

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Import Origins (NaN)

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Change in Exports by Market (undefined - undefined)

Market Concentration

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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N/AN/AN/A
TOP IMPORT POTENTIALNigeria+ $1.09B

Crude Petroleum’s highest export potential is N/A. With an export gap of N/A.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $1.09B.

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