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2022
Exports $166MWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2022
Imports $839MWorld Rnk 58 / 159
Flag Rnk 2 / 951

About

Imports In 2023, Gibraltar imported $839M in Crude Petroleum, becoming the 58th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Gibraltar. Gibraltar imports Crude Petroleum primarily from: Nigeria ($478M), Angola ($255M), Ghana ($82.3M), Gabon ($12.2M), and Italy ($11.7M).

The fastest growing import markets in Crude Petroleum for Gibraltar between 2022 and 2023 were Angola ($143M) and Ghana ($82.3M).

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 Crude 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 (2022)$166M
IMPORTS (2023)$839M
NET TRADE (2023)-$839M

In 2023, Gibraltar imported $839M in Crude Petroleum, mainly from Nigeria ($478M), Angola ($255M), Ghana ($82.3M), Gabon ($12.2M), and Italy ($11.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Gibraltar WERE (N/A - 2022):
Ireland-$92.7M (-100%)
India-$72.9M (-100%)
Netherlands-$15 (-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 Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Gibraltar's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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