2021
Exports | Imports
$19.6B | $23.4BWorld Rnk 16 / 147
Flag Rnk 4 / 1216
World Rnk 11 / 163
Flag Rnk 4 / 1213
2021
ECONOMIC COMPLEXITY of United Kingdom
1.43Rnk 11 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, United Kingdom exported $19.6B 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 ($8.41B), China ($2.69B), Germany ($2.02B), South Korea ($1.35B), and United States ($1B).

The fastest growing export markets for Crude Petroleum of United Kingdom between 2020 and 2021 were Netherlands ($1.46B), United States ($640M), and South Korea ($540M).

Imports In 2021, United Kingdom imported $23.4B in Crude Petroleum, becoming the 11th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in United Kingdom. United Kingdom imports Crude Petroleum primarily from: Norway ($11.7B), United States ($5.48B), Russia ($1.41B), Libya ($1.37B), and Nigeria ($1.19B).

The fastest growing import markets in Crude Petroleum for United Kingdom between 2020 and 2021 were Norway ($4.95B), United States ($1.59B), and Libya ($1.29B).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)£-438M(-26%)
IMPORT GROWTH (November 2022 - November 2023)£-215M(-9.33%)
MAIN EXPORTER (November 2023)Hound Point Terminal£584M
MAIN DESTINATION (November 2023)Netherlands£401M

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
EXPORTS (2021)$19.6B
IMPORTS (2021)$23.4B
NET TRADE (2021)-$3.81B

In 2021, United Kingdom exported $19.6B in Crude Petroleum. The main destinations of United Kingdom exports on Crude Petroleum were Netherlands ($8.41B), China ($2.69B), Germany ($2.02B), South Korea ($1.35B), and United States ($1B).

In 2021, United Kingdom imported $23.4B in Crude Petroleum, mainly from Norway ($11.7B), United States ($5.48B), Russia ($1.41B), Libya ($1.37B), and Nigeria ($1.19B).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
Netherlands$1.46B (21%)
United States$640M (176%)
South Korea$540M (66.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United Kingdom WERE (2020 - 2021):
Germany-$512M (-20.2%)
Gibraltar-$224M (-100%)
Portugal-$92.4M (-44.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, United Kingdom's main exporting competitors in Crude Petroleum were:
In 2021, United Kingdom's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

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