Crude Petroleum in United Kingdom 2019 Exports | Imports : $22.6B | $23.3B, World Rnk 14 / 135 Rnk 4 / 1214 | World Rnk 11 / 156 Rnk 3 / 1214
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.5B | $1.43B, Germany | United States
2019 ECONOMIC COMPLEXITY of United Kingdom: 1.49, Rnk 14 / 147
2019 PRODUCT COMPLEXITY IN Crude Petroleum: -3.02, Rnk 1029 / 1029
Exports In 2019, United Kingdom exported $22.6B in Crude Petroleum, making it the 14th 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 ($7.44B), China ($5.36B), Germany ($4.06B), United States ($1.35B), and Sweden ($762M).
The fastest growing export markets for Crude Petroleum of United Kingdom between 2018 and 2019 were Germany ($1.5B), China ($533M), and Spain ($271M).
Imports In 2019, United Kingdom imported $23.3B in Crude Petroleum, becoming the 11th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in United Kingdom. United Kingdom imports Crude Petroleum primarily from: Norway ($10.8B), United States ($5.14B), Algeria ($2.05B), Nigeria ($1.54B), and Russia ($1.22B).
The fastest growing import markets in Crude Petroleum for United Kingdom between 2018 and 2019 were United States ($1.43B), Russia ($658M), and Turkey ($237M).
June 2021
Overview In June 2021 United Kingdom's Crude Petroleum exports accounted up to £600M and imports accounted up to £1.46B, resulting in a negative trade balance of £863M. Between June 2020 and June 2021 the exports of United Kingdom's Crude Petroleum have decreased by £-248M (-29.3%) from £848M to £600M, while imports increased by £755M (107%) from £708M to £1.46B.
Destinations In June 2021, Crude Petroleum were exported mostly to Netherlands (£374M), United States (£89.9M), Canada (£48.9M), Germany (£29M), and Italy (£28.3M), and were imported mostly from United States (£580M), World (£504M), Russia (£157M), Libya (£132M), and Algeria (£55.5M).
Growth In June 2021, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to Germany (£-92.9M or -76.2%), Italy (£-55.9M or -66.4%), and France (£-15.1M or -35.4%). In June 2021, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from United States (£367M or 172%), World (£152M or 43.3%), and Russia (£108M or 223%).
EXPORT GROWTH (June 2020 - June 2021): £-248M, (-29.3%)
IMPORT GROWTH (June 2020 - June 2021): £755M, (107%)
MAIN EXPORTER (June 2021): Lerwick, £247M
MAIN DESTINATION (June 2021): Netherlands, £374M
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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EXPORTS (2019): $22.6B
IMPORTS (2019): $23.3B
NET TRADE (2019): -$663M
In 2019, United Kingdom exported $22.6B in Crude Petroleum. The main destinations of United Kingdom exports on Crude Petroleum were Netherlands ($7.44B), China ($5.36B), Germany ($4.06B), United States ($1.35B), and Sweden ($762M).
In 2019, United Kingdom imported $23.3B in Crude Petroleum, mainly from Norway ($10.8B), United States ($5.14B), Algeria ($2.05B), Nigeria ($1.54B), and Russia ($1.22B).
IN 2019, United Kingdom HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:
IN 2019, United Kingdom HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United Kingdom WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United Kingdom WERE (2018 - 2019):
In 2019, United Kingdom's main exporting competitors in Crude Petroleum were:
In 2019, United Kingdom's main importing competitors in Crude Petroleum were: