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2023
Exports $122MWorld Rnk 101 / 214
Flag Rnk 1 / 436
2023
Destination $57M France
2022 - 2023
FASTEST GROWING MARKET $57MFrance
2023
PRODUCT COMPLEXITY IN Refined Petroleum-0.94Rnk 813 / 1025
2023
Imports $7.09BWorld Rnk 33 / 226
Flag Rnk 1 / 951
2023
Origin $741M Italy
2022 - 2023
FASTEST GROWING ORIGIN $741MItaly

About

Exports In 2023, Gibraltar exported $122M in Refined Petroleum, making it the 101st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Gibraltar. The main destination of Refined Petroleum exports from Gibraltar are: France ($78.1M), Netherlands ($17.6M), Sweden ($16.2M), Malaysia ($8.23M), and Romania ($1.99M).

The fastest growing export markets for Refined Petroleum of Gibraltar between 2022 and 2023 were France ($57M), Sweden ($16.2M), and Malaysia ($8.23M).

Imports In 2023, Gibraltar imported $7.09B in Refined Petroleum, becoming the 33rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Gibraltar. Gibraltar imports Refined Petroleum primarily from: Italy ($2.62B), Greece ($1.24B), India ($924M), Spain ($534M), and Netherlands ($421M).

The fastest growing import markets in Refined Petroleum for Gibraltar between 2022 and 2023 were Italy ($741M), India ($337M), and France ($90.1M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$122M
IMPORTS (2023)$7.09B
NET TRADE (2023)-$6.97B

In 2023, Gibraltar exported $122M in Refined Petroleum. The main destinations of Gibraltar exports on Refined Petroleum were France ($78.1M), Netherlands ($17.6M), Sweden ($16.2M), Malaysia ($8.23M), and Romania ($1.99M).

In 2023, Gibraltar imported $7.09B in Refined Petroleum, mainly from Italy ($2.62B), Greece ($1.24B), India ($924M), Spain ($534M), and Netherlands ($421M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Gibraltar WERE (2022 - 2023):
France$57M (270%)
Sweden$16.2M (1%)
Malaysia$8.23M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Gibraltar WERE (2022 - 2023):
Brazil-$55.1M (-100%)
South Korea-$37.9M (-100%)
Singapore-$16.8M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Gibraltar's main exporting competitors in Refined Petroleum were:
United States $107B
Singapore $55.9B
India $55.8B
In 2023, Gibraltar's main importing competitors in Refined Petroleum were:
United States $68.8B
Singapore $55.7B
Australia $35.3B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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