HS Icon Refined Petroleum in  Flag United Kingdom

2019
Exports | Imports
: $12.3B | $20.9B, World Rnk 14 / 214
Flag Rnk 7 / 1214 | World Rnk 7 / 225
Flag Rnk 4 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $253M | $257M, Ireland |  South Korea

2019
ECONOMIC COMPLEXITY of United Kingdom
: 1.49, Rnk 14 / 147

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

Exports: In 2019, United Kingdom exported $12.3B in Refined Petroleum, making it the 14th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in United Kingdom. The main destination of Refined Petroleum exports from United Kingdom are: Netherlands ($3.14B), Ireland ($2.29B), United States ($2.13B), Belgium ($1.64B), and Nigeria ($635M).

The fastest growing export markets for Refined Petroleum of United Kingdom between 2018 and 2019 were Ireland ($253M), Portugal ($49.2M), and Gibraltar ($48.3M).

Imports: In 2019, United Kingdom imported $20.9B in Refined Petroleum, becoming the 7th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most imported product in United Kingdom. United Kingdom imports Refined Petroleum primarily from: Netherlands ($3.29B), Russia ($2.35B), Belarus ($2.13B), Saudi Arabia ($1.67B), and Belgium ($1.35B).

The fastest growing import markets in Refined Petroleum for United Kingdom between 2018 and 2019 were South Korea ($257M), Kuwait ($163M), and Singapore ($136M).

Latest Trends (April 2021)

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Overview: In April 2021 United Kingdom's Refined Petroleum exports accounted up to £485M and imports accounted up to £611M, resulting in a negative trade balance of £126M. Between April 2020 and April 2021 the exports of United Kingdom's   Refined Petroleum have increased by £178M (58%) from £307M to £485M, while imports increased by £241M (65.1%) from £370M to £611M.

Destinations: In April 2021, Refined Petroleum were exported mostly to Netherlands (£138M), Belgium (£77.1M), Ireland (£58.4M), Nigeria (£50.1M), and United States (£40.1M), and were imported mostly from Russia (£225M), Netherlands (£98.4M), United Arab Emirates (£77.3M), Kuwait (£54.4M), and Belgium (£38.4M).

Growth: In April 2021, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to Belgium (£40.6M or 111%), Nigeria (£33.9M or 208%), and Netherlands (£32.9M or 31.4%). In April 2021, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from Russia (£136M or 151%), United Arab Emirates (£62.2M or 414%), and Netherlands (£46.4M or 89.2%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): £178M, (58%)

IMPORT GROWTH (April 2020 - April 2021): £241M, (65.1%)

MAIN EXPORTER (April 2021): Immingham, £154M

MAIN DESTINATION (April 2021): Netherlands, £138M

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

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Value

EXPORTS (2019): $12.3B

IMPORTS (2019): $20.9B

NET TRADE (2019): -$8.61B

In 2019, United Kingdom exported $12.3B in Refined Petroleum. The main destinations of United Kingdom exports on Refined Petroleum were Netherlands ($3.14B), Ireland ($2.29B), United States ($2.13B), Belgium ($1.64B), and Nigeria ($635M).

In 2019, United Kingdom imported $20.9B in Refined Petroleum, mainly from Netherlands ($3.29B), Russia ($2.35B), Belarus ($2.13B), Saudi Arabia ($1.67B), and Belgium ($1.35B).

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

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

Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY United Kingdom WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United Kingdom's main exporting competitors in Refined Petroleum were:

In 2018, United Kingdom's main importing competitors in Refined Petroleum were:

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