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2022
Exports $15.9BWorld Rnk 11 / 160
Flag Rnk 7 / 1216
2022
Destination $5.39B Belgium
2021 - 2022
FASTEST GROWING MARKET $5.39BBelgium
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $57BWorld Rnk 6 / 222
Flag Rnk 1 / 1214
2022
Origin $15.6B Norway
2021 - 2022
FASTEST GROWING ORIGIN $15.6BNorway
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $15.9B in Petroleum Gas, making it the 11th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 7th most exported product in United Kingdom. The main destination of Petroleum Gas exports from United Kingdom are: Belgium ($6.22B), Ireland ($4.73B), Netherlands ($4B), France ($314M), and Portugal ($98M).

The fastest growing export markets for Petroleum Gas of United Kingdom between 2021 and 2022 were Belgium ($5.39B), Ireland ($2.45B), and Netherlands ($2.4B).

Imports In 2022, United Kingdom imported $57B in Petroleum Gas, becoming the 6th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most imported product in United Kingdom. United Kingdom imports Petroleum Gas primarily from: Norway ($35.5B), United States ($9.51B), Qatar ($7.31B), Peru ($1.39B), and Angola ($932M).

The fastest growing import markets in Petroleum Gas for United Kingdom between 2021 and 2022 were Norway ($15.6B), United States ($7.96B), and Qatar ($2.6B).

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Petroleum Gas exports accounted up to £533M and imports accounted up to £687M, resulting in a negative trade balance of £154M. Between July 2023 and July 2024 the exports of United Kingdom's   Petroleum Gas have increased by £300M (129%) from £233M to £533M, while imports increased by £100M (17.1%) from £587M to £687M.

Destinations In July 2024, Petroleum Gas were exported mostly to Belgium (£297M), Netherlands (£136M), Ireland (£81.1M), Morocco (£7.02M), and France (£4.27M), and were imported mostly from Norway (£649M), United States (£27.3M), Netherlands (£2.8M), Equatorial Guinea (£2.59M), and Germany (£2.56M).

Growth In July 2024, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Belgium (£43.8M or 139%), Poland (£5.63M or 350k%), and Germany (£1.42M or 28.6%). In July 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 (July 2023 - July 2024)£300M(129%)
IMPORT GROWTH (July 2023 - July 2024)£100M(17.1%)
MAIN EXPORTER (July 2024)Grangemouth£30.4M
MAIN DESTINATION (July 2024)Belgium£297M

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 (2022)$15.9B
IMPORTS (2022)$57B
NET TRADE (2022)-$41.1B

In 2022, United Kingdom exported $15.9B in Petroleum Gas. The main destinations of United Kingdom exports on Petroleum Gas were Belgium ($6.22B), Ireland ($4.73B), Netherlands ($4B), France ($314M), and Portugal ($98M).

In 2022, United Kingdom imported $57B in Petroleum Gas, mainly from Norway ($35.5B), United States ($9.51B), Qatar ($7.31B), Peru ($1.39B), and Angola ($932M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Belgium$5.39B (648%)
Ireland$2.45B (107%)
Netherlands$2.4B (150%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY United Kingdom WERE (2021 - 2022):
France-$106M (-25.3%)
India-$83.3M (-81.4%)
Spain-$80.2M (-69.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Petroleum Gas were:
Norway $154B
United States $116B
Russia $71.5B
In 2022, United Kingdom's main importing competitors in Petroleum Gas were:
Germany $98B
China $72.7B
Italy $67.6B

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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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