HS Icon Refined Petroleum in  Flag Spain

2020
Exports | Imports
: $7.77B | $4.94B, World Rnk 14 / 212
Flag Rnk 4 / 1213 | World Rnk 25 / 224
Flag Rnk 7 / 1213

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $63.3M | $142M, Sweden |  Russia


ECONOMIC COMPLEXITY of Spain
: 0.76, Rnk 34 / 127


PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.99, Rnk 835 / 1028

Exports In 2020, Spain exported $7.77B in Refined Petroleum, making it the 14th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Spain. The main destination of Refined Petroleum exports from Spain are: France ($1.2B), Morocco ($799M), United States ($744M), Gibraltar ($673M), and Netherlands ($627M).

The fastest growing export markets for Refined Petroleum of Spain between 2019 and 2020 were Sweden ($63.3M), Senegal ($54.6M), and Ireland ($34.7M).

Imports In 2020, Spain imported $4.94B in Refined Petroleum, becoming the 25th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in Spain. Spain imports Refined Petroleum primarily from: Russia ($1.04B), Italy ($715M), Portugal ($347M), Saudi Arabia ($325M), and United States ($301M).

The fastest growing import markets in Refined Petroleum for Spain between 2019 and 2020 were Russia ($142M), Egypt ($96.8M), and Ireland ($43.7M).

Tariffs In 2017, the average tariff for Spain in Refined Petroleum was 0.92%. The countries with the highest import tariffs for Refined Petroleum were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).

November 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (November 2020 - November 2021): €690M, (111%)

IMPORT GROWTH (November 2020 - November 2021): €584M, (197%)

MAIN EXPORTER (November 2021): Cádiz, €282M

MAIN DESTINATION (November 2021): World, €343M

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

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EXPORTS (2020): $7.77B

IMPORTS (2020): $4.94B

NET TRADE (2020): $2.83B

In 2020, Spain exported $7.77B in Refined Petroleum. The main destinations of Spain exports on Refined Petroleum were France ($1.2B), Morocco ($799M), United States ($744M), Gibraltar ($673M), and Netherlands ($627M).

In 2020, Spain imported $4.94B in Refined Petroleum, mainly from Russia ($1.04B), Italy ($715M), Portugal ($347M), Saudi Arabia ($325M), and United States ($301M).

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IN 2020, Spain HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2020, Spain HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Spain WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Spain WERE (2019 - 2020):

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Market Concentration

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In 2019, Spain's main exporting competitors in Refined Petroleum were:

In 2019, Spain's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2017, the average tariff for Spain in Refined Petroleum was 0.92%.

The countries with the highest tariffs for Refined Petroleum in Spain were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).