European Crude Oil Imports Share by Country (Thousand Tonnes Of Oil Equivalent)

In 2024, Germany continues to lead European crude oil imports with a share of 14.52%, although it experienced a moderate decline of 1.56% year-on-year. Germany's share has slightly but steadily decreased over the past five years. Spain follows with a stable 12.56% and a minimal increase of 0.25%. Italy maintains its position at 11.23%, with negligible changes, while the Netherlands saw a 1.38% increase, reaching 10.77%. France's imports dropped by 2.89%, now at 8.45%. The UK's import share slightly fell to 8.13%, and Belgium's rose to 6.28% driven by a moderate 0.79% increment. Poland's share declined by 1.1%, now at 4.68%, and Greece's slight increase brought it to 4.41%. Sweden and Finland experienced notable reductions at 3.21% and 1.92%, respectively, while Lithuania's share rose marginally to 1.81%. Portugal recorded a significant decline to 1.77%.

Austria and Romania showed minimal growth, currently at 1.58% and 1.57% respectively. The Czech Republic's share slightly decreased to 1.36%, contrasting with Bulgaria's noticeable growth to 1.17%. Hungary experienced a reduction to 1.1%, while Slovakia's share increased slightly to 1.02%. Denmark, Serbia, Ireland, and Norway showed minor fluctuations, with Denmark rising to 0.94%, Serbia and Ireland both holding steady at 0.53%, and Norway decreasing to 0.48%. Croatia faced a drastic reduction, now at 0.34%, while Ukraine saw a significant surge in imports by 21.3%, currently at 0.35%.

Looking ahead, expect shifts in European crude oil imports prompted by geopolitical dynamics, energy policies, and economic conditions. Continuous monitoring of emerging renewable energy trends and geopolitical risks will be essential for forecasting future import patterns. Watch for changes driven by EU energy diversification efforts, technological advancements, and evolving environmental regulations.