HS Icon Refined Petroleum in  Flag Spain

2019
Exports | Imports
: $12.3B | $8.19B, World Rnk 15 / 214
Flag Rnk 2 / 1213 | World Rnk 22 / 225
Flag Rnk 6 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $159M | $356M, Venezuela |  India

2019
ECONOMIC COMPLEXITY of Spain
: 0.85, Rnk 33 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports: In 2019, Spain exported $12.3B in Refined Petroleum, making it the 15th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Spain. The main destination of Refined Petroleum exports from Spain are: United States ($1.43B), France ($1.33B), Gibraltar ($1.3B), Netherlands ($1.25B), and Morocco ($1.1B).

The fastest growing export markets for Refined Petroleum of Spain between 2018 and 2019 were Venezuela ($159M), Turkey ($149M), and Ghana ($136M).

Imports: In 2019, Spain imported $8.19B in Refined Petroleum, becoming the 22nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most imported product in Spain. Spain imports Refined Petroleum primarily from: Italy ($1.12B), Russia ($897M), Netherlands ($737M), United States ($685M), and India ($581M).

The fastest growing import markets in Refined Petroleum for Spain between 2018 and 2019 were India ($356M), United States ($283M), and Netherlands ($233M).

Tariffs: In 2017, the average tariff for Spain in Refined Petroleum was 0.75%. 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%).

Latest Trends (April 2021)

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Overview: In April 2021 Spain's Refined Petroleum exports accounted up to €813M and imports accounted up to €531M, resulting in a positive trade balance of €282M. Between April 2020 and April 2021 the exports of Spain's   Refined Petroleum have increased by €325M (66.5%) from €488M to €813M, while imports increased by €297M (127%) from €234M to €531M.

Destinations: In April 2021, Refined Petroleum were exported mostly to World (€186M), Netherlands (€79.7M), United States (€71.7M), Morocco (€65.6M), and Italy (€65.2M), and were imported mostly from Russia (€118M), United Arab Emirates (€84.2M), Italy (€64.5M), World (€54.9M), and Netherlands (€45.3M).

Growth: In April 2021, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to World (€109M or 140%), Italy (€53.4M or 453%), and Morocco (€41M or 166%). In April 2021, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from Russia (€91.8M or 347%), United Arab Emirates (€71.1M or 543%), and World (€43.7M or 393%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): €325M, (66.5%)

IMPORT GROWTH (April 2020 - April 2021): €297M, (127%)

MAIN EXPORTER (April 2021): Cádiz, €225M

MAIN DESTINATION (April 2021): World, €186M

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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Value

EXPORTS (2019): $12.3B

IMPORTS (2019): $8.19B

NET TRADE (2019): $4.12B

In 2019, Spain exported $12.3B in Refined Petroleum. The main destinations of Spain exports on Refined Petroleum were United States ($1.43B), France ($1.33B), Gibraltar ($1.3B), Netherlands ($1.25B), and Morocco ($1.1B).

In 2019, Spain imported $8.19B in Refined Petroleum, mainly from Italy ($1.12B), Russia ($897M), Netherlands ($737M), United States ($685M), and India ($581M).

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

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

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Spain WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum 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 Refined Petroleum were:

In 2018, 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 0.75%.

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%).