Overview In November 2022 United Kingdom's Crude Petroleum exports accounted up to £1.69B and imports accounted up to £2.31B, resulting in a negative trade balance of £625M. Between November 2021 and November 2022 the exports of United Kingdom's Crude Petroleum have increased by £519M (44.5%) from £1.17B to £1.69B, while imports increased by £393M (20.5%) from £1.92B to £2.31B.
Destinations In November 2022, Crude Petroleum were exported mostly to Netherlands (£855M), China (£351M), France (£154M), Germany (£64.8M), and United States (£57.4M), and were imported mostly from Norway (£1.06B), United States (£911M), Libya (£84.9M), Nigeria (£84.4M), and Argentina (£76.1M).
Growth In November 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In November 2022, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Libya (£11.7M or 23%).