HS Icon Crude Petroleum in  Flag United Kingdom

2019
Exports | Imports
: $22.6B | $23.3B, World Rnk 14 / 135
Flag Rnk 4 / 1214 | World Rnk 11 / 156
Flag 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).

Latest Trends (April 2021)

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Overview: In April 2021 United Kingdom's Crude Petroleum exports accounted up to £626M and imports accounted up to £1.26B, resulting in a negative trade balance of £634M. Between April 2020 and April 2021 the exports of United Kingdom's   Crude Petroleum have decreased by £-243M (-28%) from £869M to £626M, while imports increased by £567M (81.8%) from £693M to £1.26B.

Destinations: In April 2021, Crude Petroleum were exported mostly to China (£290M), Netherlands (£149M), Norway (£86.2M), Canada (£28.6M), and Italy (£28.6M), and were imported mostly from World (£677M), United States (£281M), Russia (£100M), Libya (£77.3M), and Saudi Arabia (£50.3M).

Growth: In April 2021, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-311M or -67.6%), Germany (£-85.5M or -78.6%), and Sweden (£-14.9M or -87.9%). In April 2021, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from World (£391M or 137%), United States (£20.7M or 7.94%), and Russia (£11.1M or 12.5%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): £-243M, (-28%)

IMPORT GROWTH (April 2020 - April 2021): £567M, (81.8%)

MAIN EXPORTER (April 2021): Hound Point Terminal, £290M

MAIN DESTINATION (April 2021): China, £290M

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

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Value

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).

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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:

Flow

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):

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Market Concentration

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Flow
Type

In 2018, United Kingdom's main exporting competitors in Crude Petroleum were:

In 2018, United Kingdom's main importing competitors in Crude Petroleum were:

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