In 2023, Denmark led the trade balance with 46.88 thousand metric tons, followed closely by Germany with 46.34. Greece and Norway had significant shares with 16.9 and 16.66, respectively. Italy (7.79) and France (1.44) showed moderate values, while other countries like the UK (1.07) and Finland (0.86) had minimal contributions. Negative values were observed in Belgium (-26.62), Sweden (-5.24), and other countries, indicating a trade deficit in marine fuels.
Year-on-year variations highlighted a stable or slight increase in most countries, with Italy showing the most significant increase (6.99%) and France the highest decrease (-7.38%). Denmark and Germany had modest increases, while the UK and France saw notable decreases.
Future trends to pay attention to include changes in European regulations, shifts in renewable energy adoption, and global economic factors influencing marine fuel demand and trade. Given geopolitical tensions and environmental policies, shifts in fuel sourcing and distribution are expected to evolve significantly in the coming years.
Top countries in Marine Fuel Trade Balance Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 46.88 | 2023 | +5.19% | +1.54% | View data |
| 2 | 2 Germany | 46.34 | 2023 | +8.57% | +0.87% | View data |
| 3 | 3 Greece | 16.9 | 2023 | +4.01% | +3.29% | View data |
| 4 | 4 Norway | 16.66 | 2023 | +3.04% | +0.39% | View data |
| 5 | 5 Italy | 7.79 | 2023 | +10.48% | +6.99% | View data |
| 6 | 6 France | 1.44 | 2023 | -3.84% | -7.38% | View data |
| 7 | 7 United Kingdom | 1.07 | 2023 | -30.35% | -17.75% | View data |
| 8 | 8 Finland | 0.86 | 2023 | +1.75% | +3.12% | View data |
| 9 | 9 Iceland | 0.25 | 2023 | +5.28% | View data | |
| 10 | 10 Switzerland | 0.017 | 2023 | -3.04% | -1.78% | View data |