Overview In November 2022 United Kingdom's Refined Petroleum exports accounted up to £1.38B and imports accounted up to £2.19B, resulting in a negative trade balance of £815M. Between November 2021 and November 2022 the exports of United Kingdom's Refined Petroleum have increased by £531M (63%) from £844M to £1.38B, while imports increased by £1.03B (88.7%) from £1.16B to £2.19B.
Destinations In November 2022, Refined Petroleum were exported mostly to Netherlands (£451M), Ireland (£373M), United States (£218M), Belgium (£97.3M), and Norway (£42.6M), and were imported mostly from Netherlands (£602M), Belgium (£290M), Saudi Arabia (£280M), United Arab Emirates (£255M), and United States (£182M).
Growth In November 2022, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to Morocco (£9.86M or 28.4k%), Singapore (£3.31M or 9.4k%), and Ghana (£2.85M or 4.52k%). In November 2022, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from Norway (£13.9M or 272%), Spain (£971k or 55.7%), and Kuwait (£303k or 0.86%).