Petroleum Gas in Spain 2020 Exports | Imports : $440M | $5.5B, World Rnk 41 / 152 Rnk 161 / 1213 | World Rnk 12 / 220 Rnk 5 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $10.5M | $107M, Egypt | Equatorial Guinea
Exports In 2020, Spain exported $440M in Petroleum Gas, making it the 41st largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 161st most exported product in Spain. The main destination of Petroleum Gas exports from Spain are: Portugal ($145M), Morocco ($136M), Netherlands ($58.3M), France ($38.4M), and Belgium ($23.7M).
The fastest growing export markets for Petroleum Gas of Spain between 2019 and 2020 were Egypt ($10.5M), Switzerland ($218k), and Montenegro ($109k).
Imports In 2020, Spain imported $5.5B in Petroleum Gas, becoming the 12th 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 ($1.8B), United States ($1.2B), Nigeria ($575M), France ($399M), and Trinidad and Tobago ($344M).
The fastest growing import markets in Petroleum Gas for Spain between 2019 and 2020 were Equatorial Guinea ($107M), Egypt ($22M), and Argentina ($20.9M).
Tariffs In 2019, the average tariff for Spain in Petroleum Gas was 0.26%. The countries with the highest import tariffs for Petroleum Gas were Republic of the Congo (Most Favoured Nation duty rate treatement, 0.72%), 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%), and Mayotte (Most Favoured Nation duty rate treatement, 0.72%).
November 2021
Overview In November 2021 Spain's Petroleum Gas exports accounted up to €185M and imports accounted up to €1.46B, resulting in a negative trade balance of €1.28B. Between November 2020 and November 2021 the exports of Spain's Petroleum Gas have increased by €162M (718%) from €22.6M to €185M, while imports increased by €1.09B (292%) from €373M to €1.46B.
Destinations In November 2021, Petroleum Gas were exported mostly to China (€88M), Turkey (€28.5M), Morocco (€21.5M), Belgium (€21.1M), and Portugal (€11M), and were imported mostly from United States (€559M), Algeria (€366M), Angola (€180M), Nigeria (€122M), and Russia (€84.6M).
Growth In November 2021, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Morocco (€4.43M or 54.4%), Gibraltar (€1.51M or 3.34k%), and Netherlands (€1.38M or 4.07k%). In November 2021, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from United States (€59.3M or 74.4%), Russia (€35.1M or 149%), and Qatar (€33.7M or 89.4%).
EXPORT GROWTH (November 2020 - November 2021): €162M, (718%)
IMPORT GROWTH (November 2020 - November 2021): €1.09B, (292%)
MAIN EXPORTER (November 2021): Madrid, €89M
MAIN DESTINATION (November 2021): China, €88M
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 (2020): $440M
IMPORTS (2020): $5.5B
NET TRADE (2020): -$5.06B
In 2020, Spain exported $440M in Petroleum Gas. The main destinations of Spain exports on Petroleum Gas were Portugal ($145M), Morocco ($136M), Netherlands ($58.3M), France ($38.4M), and Belgium ($23.7M).
In 2020, Spain imported $5.5B in Petroleum Gas, mainly from Algeria ($1.8B), United States ($1.2B), Nigeria ($575M), France ($399M), and Trinidad and Tobago ($344M).
IN 2020, Spain HAD A POSITIVE NET TRADE IN Petroleum Gas WITH:
IN 2020, Spain HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Spain WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Spain WERE (2019 - 2020):
In 2019, Spain's main exporting competitors in Petroleum Gas were:
In 2019, Spain's main importing competitors in Petroleum Gas were:
In 2019, the average tariff for Spain in Petroleum Gas was 0.26%.
The countries with the highest tariffs for Petroleum Gas in Spain were Republic of the Congo (Most Favoured Nation duty rate treatement, 0.72%), 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%), and Mayotte (Most Favoured Nation duty rate treatement, 0.72%).
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