In 2023, Germany leads European crude oil imports, although it decreased by 1.56%. Spain saw a slight increase of 0.25%, while Italy remained fairly stable. The Netherlands experienced growth of 1.38%, and France noted a significant drop of 2.89%. The United Kingdom and Poland also saw slight declines. Meanwhile, Belgium and Romania registered minor increases. Sweden, Finland, and Portugal faced notable reductions. Ukraine's imports surged by 21.3%, contrasting with a decline in Croatia. The five-year growth rate is modest across most countries, indicating a generally stable market with minor fluctuations.
Future trends to watch include potential shifts toward renewable energy sources, impacting overall import volumes. Geopolitical factors and economic policies could also influence future crude oil demand and supply. Monitoring these dynamics is crucial for understanding the evolving landscape of European energy imports.
Top countries in Crude Oil Imports by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 79,980 | 2023 | -1.6% | -1.56% | View data |
| 2 | 2 Spain | 69,140 | 2023 | +5.01% | +0.25% | View data |
| 3 | 3 Italy | 61,870 | 2023 | +3.23% | -0.06% | View data |
| 4 | 4 Netherlands | 59,310 | 2023 | +3.81% | +1.38% | View data |
| 5 | 5 France | 46,540 | 2023 | +2.75% | -2.89% | View data |
| 6 | 6 United Kingdom | 44,770 | 2023 | -0.53% | -0.43% | View data |
| 7 | 7 Belgium | 34,560 | 2023 | +4.84% | +0.79% | View data |
| 8 | 8 Poland | 25,790 | 2023 | +1.36% | -1.1% | View data |
| 9 | 9 Greece | 24,280 | 2023 | +1.69% | +0.12% | View data |
| 10 | 10 Sweden | 17,690 | 2023 | -1.12% | -2.53% | View data |
