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2022
Exports $5.28BWorld Rnk 24 / 160
Flag Rnk 8 / 1214
2022
Destination $2.81B France
2021 - 2022
FASTEST GROWING MARKET $2.81BFrance
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $24.6BWorld Rnk 11 / 222
Flag Rnk 2 / 1214
2022
Origin $5.33B United States
2021 - 2022
FASTEST GROWING ORIGIN $5.33BUnited States
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $5.28B in Petroleum Gas, making it the 24th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 8th most exported product in Spain. The main destination of Petroleum Gas exports from Spain are: France ($2.95B), Portugal ($393M), United States ($375M), Netherlands ($353M), and Italy ($346M).

The fastest growing export markets for Petroleum Gas of Spain between 2021 and 2022 were France ($2.81B), Italy ($321M), and United States ($266M).

Imports In 2022, Spain imported $24.6B in Petroleum Gas, becoming the 11th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most imported product in Spain. Spain imports Petroleum Gas primarily from: United States ($7.77B), Algeria ($4.03B), Russia ($4.01B), Nigeria ($2.54B), and Egypt ($1.55B).

The fastest growing import markets in Petroleum Gas for Spain between 2021 and 2022 were United States ($5.33B), Russia ($3.35B), and Nigeria ($1.35B).

Latest Trends

August 2024

About

Overview In August 2024 Spain's Petroleum Gas exports accounted up to €53.7M and imports accounted up to €692M, resulting in a negative trade balance of €638M. Between August 2023 and August 2024 the exports of Spain's   Petroleum Gas have decreased by €-66.3M (-55.3%) from €120M to €53.7M, while imports decreased by €-280M (-28.8%) from €971M to €692M.

Destinations In August 2024, Petroleum Gas were exported mostly to Morocco (€14.3M), Rest of the world (€12.4M), Portugal (€8.6M), Netherlands (€6.08M), and Egypt (€5.14M), and were imported mostly from Algeria (€245M), Russia (€168M), United States (€152M), Nigeria (€64.7M), and Trinidad and Tobago (€25.6M).

Growth In August 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Gibraltar (€-11.2M or -82.8%), Morocco (€-8.27M or -51.3%), and United States (€-662k or -0.81%). In August 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from United States (€-478M or -51.9%), Norway (€-25.1M or -84.6%), and Trinidad and Tobago (€-20M or -43.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-66.3M(-55.3%)
IMPORT GROWTH (August 2023 - August 2024)€-280M(-28.8%)
MAIN EXPORTER (August 2024)Tarragona€56M
MAIN DESTINATION (August 2024)Morocco€14.3M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.28B
IMPORTS (2022)$24.6B
NET TRADE (2022)-$19.3B

In 2022, Spain exported $5.28B in Petroleum Gas. The main destinations of Spain exports on Petroleum Gas were France ($2.95B), Portugal ($393M), United States ($375M), Netherlands ($353M), and Italy ($346M).

In 2022, Spain imported $24.6B in Petroleum Gas, mainly from United States ($7.77B), Algeria ($4.03B), Russia ($4.01B), Nigeria ($2.54B), and Egypt ($1.55B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$2.81B (2.01k%)
Italy$321M (1.25k%)
United States$266M (243%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Spain WERE (2021 - 2022):
China-$183M (-90.9%)
India-$87.8M (-99.9%)
Kuwait-$30.4M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Petroleum Gas were:
Norway $154B
United States $116B
Russia $71.5B
In 2022, Spain's main importing competitors in Petroleum Gas were:
Germany $98B
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $441M
TOP IMPORT POTENTIALNigeria+ $1.37B

Petroleum Gas’s highest export potential is France. With an export gap of $441M.   Petroleum Gas’s highest import potential is Nigeria with an import gap of $1.37B.

See methodology.

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