Mineral fuels, mineral oils and products of their distillation in   United Kingdom

Overview In June 2024 United Kingdom's Mineral fuels, mineral oils and products of their distillation exports accounted up to £2.3B and imports accounted up to £5.23B, resulting in a negative trade balance of £2.94B. Between June 2023 and June 2024 the exports of United Kingdom's   Mineral fuels, mineral oils and products of their distillation have decreased by £-51.8M (-2.21%) from £2.35B to £2.3B, while imports increased by £1.11B (26.8%) from £4.13B to £5.23B.

Destinations In June 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Netherlands (£937M), Belgium (£270M), Ireland (£210M), Poland (£194M), and Germany (£142M), and were imported mostly from Norway (£1.58B), United States (£956M), Netherlands (£514M), Kuwait (£243M), and Libya (£232M).

Growth In June 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to China (£-140M or -87.1%), South Korea (£-118M or -100%), and Sweden (£-87.8M or -99.6%). In June 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by an increase in imports from United States (£1.05B or 45.8%), China (£231M or 21.6k%), and Saudi Arabia (£138M or 435%).