HS Icon Petroleum Gas in  Flag Spain

2019
Exports | Imports
: $673M | $8.58B, World Rnk 37 / 152
Flag Rnk 106 / 1213 | World Rnk 9 / 219
Flag 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%).

Latest Trends (April 2021)

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Overview: In April 2021 Spain's Petroleum Gas exports accounted up to €38M and imports accounted up to €452M, resulting in a negative trade balance of €414M. Between April 2020 and April 2021 the exports of Spain's   Petroleum Gas have increased by €27.6M (266%) from €10.4M to €38M, while imports increased by €95M (26.6%) from €357M to €452M.

Destinations: In April 2021, Petroleum Gas were exported mostly to Belgium (€17M), Morocco (€7.43M), Netherlands (€3.13M), World (€2.72M), and Portugal (€2.59M), and were imported mostly from Algeria (€187M), Nigeria (€70.6M), United States (€68M), Russia (€46.8M), and Qatar (€33.7M).

Growth: In April 2021, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Netherlands (€2.25M or 255%), World (€1.97M or 261%), and Morocco (€1.41M or 23.4%). In April 2021, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from Algeria (€74.1M or 65.4%), Qatar (€18.4M or 121%), and Nigeria (€17.6M or 33.3%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): €27.6M, (266%)

IMPORT GROWTH (April 2020 - April 2021): €95M, (26.6%)

MAIN EXPORTER (April 2021): Tarragona, €17M

MAIN DESTINATION (April 2021): Belgium, €17M

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

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Value

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).

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IN 2019, Spain HAD A POSITIVE NET TRADE IN Petroleum Gas WITH:

IN 2019, Spain HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:

Flow

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):

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Market Concentration

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Flow
Type

In 2018, Spain's main exporting competitors in Petroleum Gas were:

In 2018, Spain's main importing competitors in Petroleum Gas were:

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Tariffs by Country

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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%).