Refined Petroleum in Spain 2020 Exports | Imports : $7.77B | $4.94B, World Rnk 14 / 212 Rnk 4 / 1213 | World Rnk 25 / 224 Rnk 7 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $63.3M | $142M, Sweden | Russia
2020 ECONOMIC COMPLEXITY of Spain: 0.76, Rnk 34 / 127
2020 PRODUCT COMPLEXITY IN Refined Petroleum: -0.94, Rnk 822 / 1029
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%).
October 2022
Overview In October 2022 Spain's Refined Petroleum exports accounted up to €1.65B and imports accounted up to €841M, resulting in a positive trade balance of €814M. Between October 2021 and October 2022 the exports of Spain's Refined Petroleum have increased by €376M (29.4%) from €1.28B to €1.65B, while imports increased by €100M (13.5%) from €741M to €841M.
Destinations In October 2022, Refined Petroleum were exported mostly to World (€484M), Netherlands (€191M), France (€158M), United States (€131M), and Portugal (€126M), and were imported mostly from United Arab Emirates (€140M), Netherlands (€109M), World (€96.3M), Russia (€86.1M), and Saudi Arabia (€69.4M).
Growth In October 2022, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to Taiwan (€36M or 61.2k%), Italy (€31.3M or 176%), and Nigeria (€15.4M or 6.97k%). In October 2022, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from Algeria (€25.7M or 180%), Bulgaria (€22.8M or 657k%), and Sweden (€10.6M or 97.2%).
EXPORT GROWTH (October 2021 - October 2022): €376M, (29.4%)
IMPORT GROWTH (October 2021 - October 2022): €100M, (13.5%)
MAIN EXPORTER (October 2022): Cádiz, €384M
MAIN DESTINATION (October 2022): World, €484M
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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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).
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):
In 2020, Spain's main exporting competitors in Refined Petroleum were:
In 2020, Spain's main importing competitors in Refined Petroleum were:
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