In 2023, Germany, Spain, and Italy were the top European importers of crude oil, with Germany leading. Most countries faced minor fluctuations in import values, with Germany seeing a slight decline and the UK maintaining stability. Spain recorded a modest increase, while France experienced a more notable decrease. The Netherlands and Belgium saw slight growth. Conversely, smaller economies like Portugal and Croatia had significant reductions, whereas Ukraine displayed the highest increase. A 5-year CAGR shows stable import levels, with some volatility attributed to geopolitical and economic factors.
Future trends to watch in European crude oil imports include shifts towards renewable energy impact, geopolitical tensions affecting supply chains, and policy changes regarding energy transition. European nations may thus diversify their energy sources, impacting crude oil import dynamics.
Top countries in Crude Oil Imports by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 930,170 | 2023 | -1.6% | -1.56% | View data |
| 2 | 2 Spain | 804,150 | 2023 | +5.01% | +0.25% | View data |
| 3 | 3 Italy | 720,630 | 2023 | +3.4% | -0.029% | View data |
| 4 | 4 Netherlands | 689,760 | 2023 | +3.81% | +1.38% | View data |
| 5 | 5 France | 534,810 | 2023 | +2.3% | -3.12% | View data |
| 6 | 6 United Kingdom | 520,730 | 2023 | -0.53% | -0.43% | View data |
| 7 | 7 Belgium | 401,950 | 2023 | +4.84% | +0.79% | View data |
| 8 | 8 Poland | 298,310 | 2023 | +1.2% | -1.2% | View data |
| 9 | 9 Greece | 282,390 | 2023 | +1.69% | +0.12% | View data |
| 10 | 10 Sweden | 205,700 | 2023 | -1.12% | -2.53% | View data |
