HS Icon Crude Petroleum in  Flag United Kingdom

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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 N/A, 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 N/A, 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).

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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