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2022
Exports $154MWorld Rnk 67 / 149
Flag Rnk 2 / 395
2022
Destination $81.4M Ireland
2021 - 2022
FASTEST GROWING MARKET $81.4MIreland
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $1.29BWorld Rnk 51 / 158
Flag Rnk 2 / 963
2022
Origin $740M Nigeria
2021 - 2022
FASTEST GROWING ORIGIN $740MNigeria

About

Exports In 2022, Gibraltar exported $154M in Crude Petroleum, making it the 67th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in Gibraltar. The main destination of Crude Petroleum exports from Gibraltar are: Ireland ($81.4M), India ($72.9M), Netherlands ($13), and Belgium ($1).

The fastest growing export markets for Crude Petroleum of Gibraltar between 2021 and 2022 were Ireland ($81.4M), India ($72.9M), and Netherlands ($12).

Imports In 2022, Gibraltar imported $1.29B in Crude Petroleum, becoming the 51st 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 ($1.15B), Angola ($112M), Italy ($12.4M), Kazakhstan ($6.2M), and United Kingdom ($4.15M).

The fastest growing import markets in Crude Petroleum for Gibraltar between 2021 and 2022 were Nigeria ($740M), Angola ($44.7M), and Italy ($12.4M).

Latest Trends

Aug 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)$154M
IMPORTS (2022)$1.29B
NET TRADE (2022)-$1.14B

In 2022, Gibraltar exported $154M in Crude Petroleum. The main destinations of Gibraltar exports on Crude Petroleum were Ireland ($81.4M), India ($72.9M), Netherlands ($13), and Belgium ($1).

In 2022, Gibraltar imported $1.29B in Crude Petroleum, mainly from Nigeria ($1.15B), Angola ($112M), Italy ($12.4M), Kazakhstan ($6.2M), and United Kingdom ($4.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Gibraltar WERE (2021 - 2022):
Ireland$81.4M (1%)
India$72.9M (1%)
Netherlands$12 (1.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Gibraltar WERE (2021 - 2022):Belgium-$8 (-88.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Gibraltar's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Gibraltar's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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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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