HS Icon Crude Petroleum in  Flag United Kingdom

2020
Exports | Imports
: $16.2B | $14.8B, World Rnk 14 / 132
Flag Rnk 5 / 1216 | World Rnk 12 / 145
Flag Rnk 5 / 1213

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $484M | $79.4M, South Korea |  Iraq


ECONOMIC COMPLEXITY of United Kingdom
: 1.42, Rnk 13 / 127


PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.82, Rnk 1028 / 1028

Exports In 2020, United Kingdom exported $16.2B in Crude Petroleum, making it the 14th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most exported product in United Kingdom. The main destination of Crude Petroleum exports from United Kingdom are: Netherlands ($6.95B), Germany ($2.53B), China ($2.17B), South Korea ($815M), and Sweden ($683M).

The fastest growing export markets for Crude Petroleum of United Kingdom between 2019 and 2020 were South Korea ($484M), Italy ($443M), and Gibraltar ($189M).

Imports In 2020, United Kingdom imported $14.8B in Crude Petroleum, becoming the 12th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most imported product in United Kingdom. United Kingdom imports Crude Petroleum primarily from: Norway ($6.93B), United States ($3.89B), Russia ($1.12B), Nigeria ($1.05B), and Algeria ($467M).

The fastest growing import markets in Crude Petroleum for United Kingdom between 2019 and 2020 were Iraq ($79.4M), Guyana ($51.4M), and Republic of the Congo ($36.5M).

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Subnational Monthly Trade

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The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $16.2B

IMPORTS (2020): $14.8B

NET TRADE (2020): $1.48B

In 2020, United Kingdom exported $16.2B in Crude Petroleum. The main destinations of United Kingdom exports on Crude Petroleum were Netherlands ($6.95B), Germany ($2.53B), China ($2.17B), South Korea ($815M), and Sweden ($683M).

In 2020, United Kingdom imported $14.8B in Crude Petroleum, mainly from Norway ($6.93B), United States ($3.89B), Russia ($1.12B), Nigeria ($1.05B), and Algeria ($467M).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United Kingdom WERE (2019 - 2020):

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Market Concentration

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In 2019, United Kingdom's main exporting competitors in Crude Petroleum were:

In 2019, United Kingdom's main importing competitors in Crude Petroleum were:

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