Mineral fuels, mineral oils and products of their distillation in United Kingdom

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Exports In 2022, United Kingdom exported $68.2B in Mineral fuels, mineral oils and products of their distillation, making it the 17th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most exported product in United Kingdom. The main destination of Mineral fuels, mineral oils and products of their distillation exports from United Kingdom are: Netherlands ($18.9B), Belgium ($9.81B), Ireland ($9.19B), France ($5.46B), and United States ($4.28B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of United Kingdom between 2021 and 2022 were Netherlands ($6.15B), Belgium ($6.14B), and Ireland ($4.82B).

Imports In 2022, United Kingdom imported $129B in Mineral fuels, mineral oils and products of their distillation, becoming the 10th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in United Kingdom. United Kingdom imports Mineral fuels, mineral oils and products of their distillation primarily from: N/A.

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for United Kingdom between 2021 and 2022 were Norway ($22.6B), United States ($15.5B), and Qatar ($2.68B).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (2.16k), Amazon (3), and BOEING (2) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Mineral fuels, mineral oils and products of their distillation exports accounted up to £2.3B and imports accounted up to £5.23B, resulting in a negative trade balance of £2.94B. Between June 2023 and June 2024 the exports of United Kingdom's Mineral fuels, mineral oils and products of their distillation have decreased by £-51.8M (-2.21%) from £2.35B to £2.3B, while imports increased by £1.11B (26.8%) from £4.13B to £5.23B.

Destinations In June 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Netherlands (£937M), Belgium (£270M), Ireland (£210M), Poland (£194M), and Germany (£142M), and were imported mostly from Norway (£1.58B), United States (£956M), Netherlands (£514M), Kuwait (£243M), and Libya (£232M).

Growth In June 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to China (£-140M or -87.1%), South Korea (£-118M or -100%), and Sweden (£-87.8M or -99.6%). In June 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by an increase in imports from United States (£1.05B or 45.8%), China (£231M or 21.6k%), and Saudi Arabia (£138M or 435%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)£-51.8M(-2.21%)

IMPORT GROWTH (June 2023 - June 2024)£1.11B(26.8%)

MAIN EXPORTER (June 2024)Hound Point Terminal£412M

MAIN DESTINATION (June 2024)Netherlands£937M

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

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