2022
Exports
$18.2BWorld Rnk 14 / 214
Flag Rnk 6 / 1216
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$24.9BWorld Rnk 11 / 225
Flag Rnk 5 / 1214
2022
ECONOMIC COMPLEXITY of United Kingdom
1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $18.2B in Refined Petroleum, making it the 14th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in United Kingdom. The main destination of Refined Petroleum exports from United Kingdom are: Ireland ($4.05B), Netherlands ($3.56B), United States ($3.03B), Belgium ($2.33B), and Nigeria ($923M).

The fastest growing export markets for Refined Petroleum of United Kingdom between 2021 and 2022 were Ireland ($2.49B), Netherlands ($1.44B), and United States ($1.23B).

Imports In 2022, United Kingdom imported $24.9B in Refined Petroleum, becoming the 11th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most imported product in United Kingdom. United Kingdom imports Refined Petroleum primarily from: Netherlands ($4.26B), United Arab Emirates ($2.61B), Saudi Arabia ($2.47B), Kuwait ($2.17B), and United States ($1.91B).

The fastest growing import markets in Refined Petroleum for United Kingdom between 2021 and 2022 were Netherlands ($1.8B), Saudi Arabia ($1.72B), and Kuwait ($1.65B).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (2.16k), BOEING (2), and Chevron (2) were at the forefront of shipping Refined Petroleum from United Kingdom to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-351M(-35.9%)
IMPORT GROWTH (August 2023 - August 2024)£-424M(-20.8%)
MAIN EXPORTER (August 2024)Milford£329M
MAIN DESTINATION (August 2024)Netherlands£216M

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.2B
IMPORTS (2022)$24.9B
NET TRADE (2022)-$6.74B

In 2022, United Kingdom exported $18.2B in Refined Petroleum. The main destinations of United Kingdom exports on Refined Petroleum were Ireland ($4.05B), Netherlands ($3.56B), United States ($3.03B), Belgium ($2.33B), and Nigeria ($923M).

In 2022, United Kingdom imported $24.9B in Refined Petroleum, mainly from Netherlands ($4.26B), United Arab Emirates ($2.61B), Saudi Arabia ($2.47B), Kuwait ($2.17B), and United States ($1.91B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Ireland$2.49B (161%)
Netherlands$1.44B (68.1%)
United States$1.23B (68.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY United Kingdom WERE (2021 - 2022):
Bahamas-$63.6M (-100%)
Qatar-$44.3M (-97.9%)
Burkina Faso-$41.5M (-70.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Refined Petroleum were:
In 2022, United Kingdom's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $739M
TOP IMPORT POTENTIALIndia+ $1.21B

Refined Petroleum’s highest export potential is United States. With an export gap of $739M.   Refined Petroleum’s highest import potential is India with an import gap of $1.21B.

See methodology.

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