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2023
Exports $10BWorld Rnk 14 / 163
Flag Rnk 9 / 1216
2023
Destination $28.5M Belgium
2022 - 2023
FASTEST GROWING MARKET $28.5MPoland
2023
PRODUCT COMPLEXITY IN Petroleum Gas-2.01Rnk 998 / 1025
2023
Imports $22.4BWorld Rnk 8 / 220
Flag Rnk 5 / 1214
2023
Origin $50.7M Norway
2022 - 2023
FASTEST GROWING ORIGIN $50.7MNigeria
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $10B in Petroleum Gas, making it the 14th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 9th most exported product in United Kingdom. The main destination of Petroleum Gas exports from United Kingdom are: Belgium ($4.55B), Ireland ($3.53B), Netherlands ($1.37B), France ($258M), and Poland ($63.2M).

The fastest growing export markets for Petroleum Gas of United Kingdom between 2022 and 2023 were Poland ($28.5M), Finland ($11.9M), and Czechia ($6.02M).

Imports In 2023, United Kingdom imported $22.4B in Petroleum Gas, becoming the 8th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 5th most imported product in United Kingdom. United Kingdom imports Petroleum Gas primarily from: Norway ($13.6B), United States ($3.72B), Qatar ($2.73B), Peru ($872M), and Trinidad and Tobago ($265M).

The fastest growing import markets in Petroleum Gas for United Kingdom between 2022 and 2023 were Nigeria ($50.7M), Mozambique ($48.1M), and Belgium ($6.51M).

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Petroleum Gas exports accounted up to £176M and imports accounted up to £1.85B, resulting in a negative trade balance of £1.67B. Between November 2023 and November 2024 the exports of United Kingdom's   Petroleum Gas have decreased by £-180M (-50.6%) from £356M to £176M, while imports increased by £65.1M (3.66%) from £1.78B to £1.85B.

Destinations In November 2024, Petroleum Gas were exported mostly to Ireland (£136M), Netherlands (£19.6M), France (£7.61M), Belgium (£4.8M), and Poland (£3.75M), and were imported mostly from Norway (£1.41B), United States (£275M), Trinidad and Tobago (£68.1M), Algeria (£29.5M), and Italy (£26.4M).

Growth In November 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-41.4M or -14.9%), France (£-9.41M or -50.3%), and Spain (£-3.38M or -98.3%). In November 2024, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from United States (£174M or 10.8%), France (£3.14M or 84.1%), and Germany (£975k or 1.45k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-180M(-50.6%)
IMPORT GROWTH (November 2023 - November 2024)£65.1M(3.66%)
MAIN EXPORTER (November 2024)Grangemouth£30.4M
MAIN DESTINATION (November 2024)Ireland£136M

This section shows Petroleum Gas'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 Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10B
IMPORTS (2023)$22.4B
NET TRADE (2023)-$12.4B

In 2023, United Kingdom exported $10B in Petroleum Gas. The main destinations of United Kingdom exports on Petroleum Gas were Belgium ($4.55B), Ireland ($3.53B), Netherlands ($1.37B), France ($258M), and Poland ($63.2M).

In 2023, United Kingdom imported $22.4B in Petroleum Gas, mainly from Norway ($13.6B), United States ($3.72B), Qatar ($2.73B), Peru ($872M), and Trinidad and Tobago ($265M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Poland$28.5M (82.1%)
Finland$11.9M (68.8k%)
Czechia$6.02M (24.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY United Kingdom WERE (2022 - 2023):
Belgium-$12.6B (-73.5%)
Netherlands-$2.36B (-63.2%)
Ireland-$996M (-22%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Petroleum Gas were:
United States $83.2B
Qatar $71.1B
Norway $70.8B
In 2023, United Kingdom'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+ $431M
TOP IMPORT POTENTIALAlgeria+ $1.14B

Petroleum Gas’s highest export potential is France. With an export gap of $431M.   Petroleum Gas’s highest import potential is Algeria with an import gap of $1.14B.

See methodology.

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