Imports
€16.5B
24.5B kg
Exports
€113.7M
209.2M kg
Balance
€-16.3B
Deficit
Price/kg
€0.6703/kg
Between Jan 2022 and Mar 2026, the EU ran a trade deficit of €16.3B for Petroleum oils and oils obtained from bituminous minerals, crude, Natural gas condensates (NC8 27090010), a predominantly imported product. Imports reached €16.5B versus €113.7M in exports. The average import cost stood at €0.6703/kg.
| 1 | 🇩🇿 Algeria | €4.7B | 28.5% |
| 2 | 🇳🇴 Norway | €3.6B | 21.7% |
| 3 | 🇺🇸 United States | €1.9B | 11.4% |
| 4 | 🇷🇺 Russia | €1.8B | 11.0% |
| 5 | 🇬🇧 United Kingdom | €1.5B | 9.2% |
| 6 | 🇮🇱 Israel | €267.7M | 1.6% |
| # | Country | Value (EUR) | Share (%) |
|---|---|---|---|
| 1 | 🇬🇧 United Kingdom | €58.0M | 51.0% |
| 2 | 🇺🇸 United States | €30.4M | 26.7% |
| 3 | 🇧🇷 Brazil | €19.2M | 16.9% |
| 4 | 🇽🇸 XS | €4.2M | 3.7% |
| 5 | 🇱🇾 Libya | €1.8M | 1.6% |
| 6 | 🇲🇩 Moldova | €23K | 0.0% |
| 7 | 🇳🇴 Norway | €23K | 0.0% |
€0
€0
€0
€0.6703/kg
€0.5438/kg
2,328
ModerateThird-country sourcing partners
| # | Partner | Value (EUR) | kg | €/kg | Share | YoY |
|---|---|---|---|---|---|---|
| 1 | 🇩🇿 Algeria | €4.7B | 7.1Bt | €0.6618/kg | 34.1% | |
| 2 | 🇳🇴 Norway | €3.6B | 3.6Bt | €0.9989/kg | 26.0% | |
| 3 | 🇺🇸 United States | €1.9B | 3.2Bt | €0.5878/kg | 13.7% | |
| 4 | 🇷🇺 Russia | €1.8B | 3.1Bt | €0.5830/kg | 13.2% | |
| 5 | 🇬🇧 United Kingdom | €1.5B | 2.4Bt | €0.6406/kg | 11.0% | |
| 6 | 🇮🇱 Israel | €267.7M | 593.6Mt | €0.4509/kg | 1.9% |
Third-country target markets
| # | Partner | Value (EUR) | kg | €/kg | Share | YoY |
|---|---|---|---|---|---|---|
| 1 | 🇬🇧 United Kingdom | €58.0M | 115.8Mt | €0.5008/kg | 51.0% | |
| 2 | 🇺🇸 United States | €30.4M | 50.0Mt | €0.6080/kg | 26.7% | |
| 3 | 🇧🇷 Brazil | €19.2M | 30.6Mt | €0.6281/kg | 16.9% | |
| 4 | 🇽🇸 XS | €4.2M | 9.3Mt | €0.4481/kg | 3.7% | |
| 5 | 🇱🇾 Libya | €1.8M | 3.3Mt | €0.5425/kg | 1.6% | |
| 6 | 🇲🇩 Moldova | €23K | 48Kt | €0.4871/kg | 0.0% | |
| 7 | 🇳🇴 Norway | €23K | 4Kt | €6.15/kg | 0.0% |