2021
Exports | Imports
$10.4B | $12.4BWorld Rnk 18 / 218
Flag Rnk 7 / 1216
World Rnk 17 / 226
Flag Rnk 10 / 1213
2021
ECONOMIC COMPLEXITY of United Kingdom
1.43Rnk 11 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, United Kingdom exported $10.4B in Refined Petroleum, making it the 18th 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 ($2.13B), Belgium ($2.11B), United States ($1.79B), Ireland ($1.56B), and Nigeria ($760M).

The fastest growing export markets for Refined Petroleum of United Kingdom between 2020 and 2021 were Belgium ($1.35B), United States ($877M), and Nigeria ($367M).

Imports In 2021, United Kingdom imported $12.4B in Refined Petroleum, becoming the 17th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 10th most imported product in United Kingdom. United Kingdom imports Refined Petroleum primarily from: Netherlands ($2.46B), Russia ($1.34B), Sweden ($1.29B), United Arab Emirates ($976M), and United States ($757M).

The fastest growing import markets in Refined Petroleum for United Kingdom between 2020 and 2021 were Netherlands ($976M), Sweden ($762M), and United Arab Emirates ($587M).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)£-654M(-47.5%)
IMPORT GROWTH (November 2022 - November 2023)£-44.8M(-2.04%)
MAIN EXPORTER (November 2023)Milford£417M
MAIN DESTINATION (November 2023)Belgium£223M

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

Trade Balance

Color
EXPORTS (2021)$10.4B
IMPORTS (2021)$12.4B
NET TRADE (2021)-$1.96B

In 2021, United Kingdom exported $10.4B in Refined Petroleum. The main destinations of United Kingdom exports on Refined Petroleum were Netherlands ($2.13B), Belgium ($2.11B), United States ($1.79B), Ireland ($1.56B), and Nigeria ($760M).

In 2021, United Kingdom imported $12.4B in Refined Petroleum, mainly from Netherlands ($2.46B), Russia ($1.34B), Sweden ($1.29B), United Arab Emirates ($976M), and United States ($757M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
Belgium$1.35B (176%)
United States$877M (96.4%)
Nigeria$367M (93.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY United Kingdom WERE (2020 - 2021):
Italy-$120M (-76.8%)
Sweden-$85.4M (-86.8%)
Malta-$59.3M (-61.1%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, United Kingdom's main exporting competitors in Refined Petroleum were:
In 2021, United Kingdom's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

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