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2022
Exports $5.28BWorld Rnk 24 / 160
Flag Rnk 8 / 1214
falsefalse France
2021 - 2022
FASTEST GROWING MARKETfalseFrance
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $24.6BWorld Rnk 11 / 222
Flag Rnk 2 / 1214
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
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).

Latest Trends

April 2024

About

Overview In April 2024 Spain's Petroleum Gas exports accounted up to €51M and imports accounted up to €306M, resulting in a negative trade balance of €255M. Between April 2023 and April 2024 the exports of Spain's   Petroleum Gas have decreased by €-138M (-73%) from €189M to €51M, while imports decreased by €-1.12B (-78.6%) from €1.43B to €306M.

Destinations In April 2024, Petroleum Gas were exported mostly to Morocco (€17.1M), Netherlands (€13.2M), Italy (€4.6M), Portugal (€4.49M), and Germany (€2.98M), and were imported mostly from N/A.

Growth In April 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 April 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 (April 2023 - April 2024)€-138M(-73%)
IMPORT GROWTH (April 2023 - April 2024)€-1.12B(-78.6%)
MAIN EXPORTER (April 2024)Tarragona€35.9M
MAIN DESTINATION (April 2024)Morocco€17.1M

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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