In 2023, Germany led European exports of renewables and biofuels, followed by Spain and the Netherlands. Latvia showed a substantial year-on-year increase of 9.55%, while Italy experienced the highest rise at 25.51%. Conversely, Poland saw a decline of 4.66%, and Ukraine and Serbia faced notable drops of 8.83% and 10.07% respectively. Countries like Finland and Malta reported strong growth, with Finland growing by 19.99% and Malta by an impressive 54.89%.
Future trends to watch include Germany maintaining its leadership due to its strong industrial base in renewable technologies. Emerging markets like Latvia and Italy are expected to increase their share in European exports with continued investments and policy support. Transitioning economies, especially in Eastern Europe, might see covered growth opportunities driven by increasing demand and international collaborations.
Top countries in Exports of Renewables and Biofuels by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,220 | 2023 | +4.07% | +4.74% | View data |
| 2 | 2 Spain | 2,830 | 2023 | +7.87% | +6.28% | View data |
| 3 | 3 Netherlands | 1,660 | 2023 | +2.95% | +3.77% | View data |
| 4 | 4 Latvia | 1,590 | 2023 | +4.31% | +9.55% | View data |
| 5 | 5 France | 1,050 | 2023 | +9.26% | +1.79% | View data |
| 6 | 6 Italy | 905.14 | 2023 | +11.87% | +25.51% | View data |
| 7 | 7 Austria | 897.55 | 2023 | +3.65% | +3.73% | View data |
| 8 | 8 Estonia | 843.69 | 2023 | +13.21% | +6.45% | View data |
| 9 | 9 Czech Republic | 623.38 | 2023 | +2.42% | +7.76% | View data |
| 10 | 10 Sweden | 612.7 | 2023 | +9.86% | +10.46% | View data |
