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2023
Exports $4.69BWorld Rnk 20 / 163
Flag Rnk 8 / 1215
2023
Destination $259M France
2022 - 2023
FASTEST GROWING MARKET $259MItaly
2023
PRODUCT COMPLEXITY IN Petroleum Gas-2.01Rnk 998 / 1025
2023
Imports $15.8BWorld Rnk 12 / 220
Flag Rnk 3 / 1214
2023
Origin $603M Algeria
2022 - 2023
FASTEST GROWING ORIGIN $603MQatar
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $4.69B in Petroleum Gas, making it the 20th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 8th most exported product in Spain. The main destination of Petroleum Gas exports from Spain are: France ($2.62B), Portugal ($523M), Italy ($496M), Morocco ($437M), and United States ($182M).

The fastest growing export markets for Petroleum Gas of Spain between 2022 and 2023 were Italy ($259M), Germany ($145M), and Morocco ($127M).

Imports In 2023, Spain imported $15.8B in Petroleum Gas, becoming the 12th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most imported product in Spain. Spain imports Petroleum Gas primarily from: Algeria ($4.83B), United States ($3.86B), Russia ($2.49B), Nigeria ($1.99B), and Qatar ($1.37B).

The fastest growing import markets in Petroleum Gas for Spain between 2022 and 2023 were Qatar ($603M), Algeria ($281M), and Peru ($65.1M).

Latest Trends

December 2024

About

Overview In December 2024 Spain's Petroleum Gas exports accounted up to €56.5M and imports accounted up to €746M, resulting in a negative trade balance of €690M. Between December 2023 and December 2024 the exports of Spain's   Petroleum Gas have decreased by €-48.4M (-46.1%) from €105M to €56.5M, while imports decreased by €-264M (-26.1%) from €1.01B to €746M.

Destinations In December 2024, Petroleum Gas were exported mostly to Rest of the world (€14.5M), Morocco (€12.9M), Portugal (€9.27M), Netherlands (€7.48M), and France (€3.69M), and were imported mostly from Algeria (€268M), Russia (€199M), Nigeria (€145M), United States (€97.2M), and Qatar (€24.8M).

Growth In December 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Italy (€-197M or -89.7%), Germany (€-130M or -98.8%), and Denmark (€-13.6M or -100%). In December 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from United States (€-130M or -29.3%), Russia (€-117M or -29.9%), and Algeria (€-60.3M or -13.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-48.4M(-46.1%)
IMPORT GROWTH (December 2023 - December 2024)€-264M(-26.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Rest of the world€14.5M

This section shows Petroleum Gas's exports and imports data at subnational level for Spain. 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 Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.69B
IMPORTS (2023)$15.8B
NET TRADE (2023)-$11.2B

In 2023, Spain exported $4.69B in Petroleum Gas. The main destinations of Spain exports on Petroleum Gas were France ($2.62B), Portugal ($523M), Italy ($496M), Morocco ($437M), and United States ($182M).

In 2023, Spain imported $15.8B in Petroleum Gas, mainly from Algeria ($4.83B), United States ($3.86B), Russia ($2.49B), Nigeria ($1.99B), and Qatar ($1.37B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Italy$259M (110%)
Germany$145M (894%)
Morocco$127M (41.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Spain WERE (2022 - 2023):
France-$287M (-9.86%)
United States-$194M (-51.5%)
Netherlands-$161M (-84.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Petroleum Gas were:
United States $83.2B
Qatar $71.1B
Norway $70.8B
In 2023, Spain's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $441M
TOP IMPORT POTENTIALNigeria+ $1.37B

Petroleum Gas’s highest export potential is France. With an export gap of $441M.   Petroleum Gas’s highest import potential is Nigeria with an import gap of $1.37B.

See methodology.

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