Petroleum Gas in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $15.9B in Petroleum Gas, making it the 11th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 7th most exported product in United Kingdom. The main destination of Petroleum Gas exports from United Kingdom are: Belgium ($6.22B), Ireland ($4.73B), Netherlands ($4B), France ($314M), and Portugal ($98M).

The fastest growing export markets for Petroleum Gas of United Kingdom between 2021 and 2022 were Belgium ($5.39B), Ireland ($2.45B), and Netherlands ($2.4B).

Imports In 2022, United Kingdom imported $57B in Petroleum Gas, becoming the 6th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most imported product in United Kingdom. United Kingdom imports Petroleum Gas primarily from: Norway ($35.5B), United States ($9.51B), Qatar ($7.31B), Peru ($1.39B), and Angola ($932M).

The fastest growing import markets in Petroleum Gas for United Kingdom between 2021 and 2022 were Norway ($15.6B), United States ($7.96B), and Qatar ($2.6B).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Petroleum Gas from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Petroleum Gas exports accounted up to £217M and imports accounted up to £1.86B, resulting in a negative trade balance of £1.64B. Between January 2023 and January 2024 the exports of United Kingdom's Petroleum Gas have decreased by £-204M (-48.4%) from £420M to £217M, while imports decreased by £-2.63B (-58.6%) from £4.49B to £1.86B.

Destinations In January 2024, Petroleum Gas were exported mostly to Ireland (£126M), Belgium (£35.8M), Netherlands (£27.7M), France (£11.7M), and Poland (£8.59M), and were imported mostly from Norway (£972M), United States (£727M), Angola (£67.9M), Peru (£31.6M), and Nigeria (£24.6M).

Growth In January 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-41.4M or -14.9%), France (£-9.41M or -50.3%), and Spain (£-3.38M or -98.3%). In January 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Norway (£-334M or -15.3%), Qatar (£-187M or -36.7%), and Peru (£-147M or -46.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-204M(-48.4%)

IMPORT GROWTH (January 2023 - January 2024)£-2.63B(-58.6%)

MAIN EXPORTER (January 2024)Middlesbrough£28.3M

MAIN DESTINATION (January 2024)Ireland£126M

This section shows Petroleum Gas's exports and imports data at subnational level for United Kingdom. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$15.9B

IMPORTS (2022)$57B

NET TRADE (2022)-$41.1B

In 2022, United Kingdom exported $15.9B in Petroleum Gas. The main destinations of United Kingdom exports on Petroleum Gas were Belgium ($6.22B), Ireland ($4.73B), Netherlands ($4B), France ($314M), and Portugal ($98M).

In 2022, United Kingdom imported $57B in Petroleum Gas, mainly from Norway ($35.5B), United States ($9.51B), Qatar ($7.31B), Peru ($1.39B), and Angola ($932M).

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