Petroleum Gas in Spain 2019 Exports | Imports : $673M | $8.58B, World Rnk 37 / 152 Rnk 106 / 1213 | World Rnk 9 / 219 Rnk 5 / 1214
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $42.5M | $717M, France | United States
2019 ECONOMIC COMPLEXITY of Spain: 0.85, Rnk 33 / 147
2019 PRODUCT COMPLEXITY IN Petroleum Gas: -2.48, Rnk 1023 / 1029
Exports In 2019, Spain exported $673M in Petroleum Gas, making it the 37th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 106th most exported product in Spain. The main destination of Petroleum Gas exports from Spain are: Portugal ($232M), Morocco ($165M), Netherlands ($104M), France ($61.7M), and Belgium ($28.9M).
The fastest growing export markets for Petroleum Gas of Spain between 2018 and 2019 were France ($42.5M), Gibraltar ($12M), and Italy ($9.01M).
Imports In 2019, Spain imported $8.58B in Petroleum Gas, becoming the 9th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 5th most imported product in Spain. Spain imports Petroleum Gas primarily from: Algeria ($2.87B), United States ($1.26B), Nigeria ($1B), France ($966M), and Qatar ($893M).
The fastest growing import markets in Petroleum Gas for Spain between 2018 and 2019 were United States ($717M), Russia ($173M), and Trinidad and Tobago ($111M).
Tariffs In 2017, the average tariff for Spain in Petroleum Gas was 0.21%. The countries with the highest import tariffs for Petroleum Gas were Western Sahara (Most Favoured Nation duty rate treatement, 0.72%), Gabon (Most Favoured Nation duty rate treatement, 0.72%), Libya (Most Favoured Nation duty rate treatement, 0.72%), Mayotte (Most Favoured Nation duty rate treatement, 0.72%), and Reunion (Most Favoured Nation duty rate treatement, 0.72%).
May 2021
Overview In May 2021 Spain's Petroleum Gas exports accounted up to €43.9M and imports accounted up to €471M, resulting in a negative trade balance of €427M. Between May 2020 and May 2021 the exports of Spain's Petroleum Gas have increased by €24.9M (131%) from €19M to €43.9M, while imports increased by €140M (42.2%) from €331M to €471M.
Destinations In May 2021, Petroleum Gas were exported mostly to Netherlands (€17.4M), Morocco (€13.2M), Portugal (€4.95M), World (€2.31M), and Gibraltar (€1.9M), and were imported mostly from Algeria (€209M), United States (€117M), Russia (€38.5M), Trinidad and Tobago (€30.5M), and Nigeria (€29.2M).
Growth In May 2021, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Netherlands (€8.58M or 97.6%), Morocco (€8.02M or 155%), and Portugal (€2.83M or 133%). In May 2021, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from Algeria (€113M or 118%), United States (€61.3M or 110%), and Russia (€18.8M or 95.5%).
EXPORT GROWTH (May 2020 - May 2021): €24.9M, (131%)
IMPORT GROWTH (May 2020 - May 2021): €140M, (42.2%)
MAIN EXPORTER (May 2021): Huelva, €12.8M
MAIN DESTINATION (May 2021): Netherlands, €17.4M
This section shows Petroleum Gas's exports and imports data at subnational level for Spain. 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 Petroleum Gas over time.
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EXPORTS (2019): $673M
IMPORTS (2019): $8.58B
NET TRADE (2019): -$7.91B
In 2019, Spain exported $673M in Petroleum Gas. The main destinations of Spain exports on Petroleum Gas were Portugal ($232M), Morocco ($165M), Netherlands ($104M), France ($61.7M), and Belgium ($28.9M).
In 2019, Spain imported $8.58B in Petroleum Gas, mainly from Algeria ($2.87B), United States ($1.26B), Nigeria ($1B), France ($966M), and Qatar ($893M).
IN 2019, Spain HAD A POSITIVE NET TRADE IN Petroleum Gas WITH:
IN 2019, Spain HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Spain WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Spain WERE (2018 - 2019):
In 2019, Spain's main exporting competitors in Petroleum Gas were:
In 2019, Spain's main importing competitors in Petroleum Gas were:
In 2017, the average tariff for Spain in Petroleum Gas was 0.21%.
The countries with the highest tariffs for Petroleum Gas in Spain were Western Sahara (Most Favoured Nation duty rate treatement, 0.72%), Gabon (Most Favoured Nation duty rate treatement, 0.72%), Libya (Most Favoured Nation duty rate treatement, 0.72%), Mayotte (Most Favoured Nation duty rate treatement, 0.72%), and Reunion (Most Favoured Nation duty rate treatement, 0.72%).