Petroleum bitumen in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $43.8M in Petroleum bitumen, making it the 35th largest exporter of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 993rd most exported product in United Kingdom. The main destination of Petroleum bitumen exports from United Kingdom are: Ireland ($28.2M), Finland ($7.19M), Norway ($2.67M), Sweden ($2.66M), and Belgium ($1.94M).

The fastest growing export markets for Petroleum bitumen of United Kingdom between 2021 and 2022 were Finland ($7.19M), Sweden ($2.66M), and Belgium ($1.9M).

Imports In 2022, United Kingdom imported $362M in Petroleum bitumen, becoming the 10th largest importer of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 333rd most imported product in United Kingdom. United Kingdom imports Petroleum bitumen primarily from: Netherlands ($147M), Germany ($43.2M), Sweden ($34.7M), Russia ($33.7M), and France ($28.2M).

The fastest growing import markets in Petroleum bitumen for United Kingdom between 2021 and 2022 were Netherlands ($39.3M), Spain ($24.4M), and Sweden ($18.3M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (6.62k), Diageo Beverages (3.83k), and J.C. Bamford (1.28k) were at the forefront of shipping Petroleum bitumen from United Kingdom to the United States.

Latest Trends

June 2024

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Overview In June 2024 United Kingdom's Petroleum bitumen exports accounted up to £9.47M and imports accounted up to £31.2M, resulting in a negative trade balance of £21.7M. Between June 2023 and June 2024 the exports of United Kingdom's Petroleum bitumen have increased by £6.11M (182%) from £3.36M to £9.47M, while imports decreased by £-17.4M (-35.8%) from £48.6M to £31.2M.

Destinations In June 2024, Petroleum bitumen were exported mostly to Ireland (£7.48M) and France (£1.99M), and were imported mostly from Spain (£11M), Turkey (£5.44M), Germany (£4.74M), France (£4.27M), and Netherlands (£3.48M).

Growth In June 2024, the increase in Petroleum bitumen's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Petroleum bitumen's year-by-year imports was explained primarily by a decrease in imports from Germany (£-6.18M or -100%), Belgium (£-852k or -96.9%), and Ireland (£-71.3k or -20.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)£6.11M(182%)

IMPORT GROWTH (June 2023 - June 2024)£-17.4M(-35.8%)

MAIN EXPORTER (June 2024)Manchester£7.48M

MAIN DESTINATION (June 2024)Ireland£7.48M

This section shows Petroleum bitumen's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Petroleum bitumen over time.

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