In 2023, Norway dominated European crude oil exports with a 66.28 thousand tonnes of oil equivalent (ktoe) share, growing by 7.21% YoY. The UK, second at 30.59 ktoe, saw a slight decline of 0.33%. Denmark's exports dropped by 16.34%, while Romania's surged by 133.88% yet remain minimal. Countries like Croatia and France maintained their export levels at a low volume, while Italy and Hungary recorded noticeable declines at -21.93% and -19.04%, respectively. Although Slovenia and other smaller countries have negligible exports, Slovakia's 34.1% rise shows potential shifts. The overall CAGR indicates moderate fluctuations across countries.
Looking forward, Norway will likely maintain its leadership, but potential geopolitical developments, shifts in energy policies, and global demand changes could impact these dynamics. The UK's decline suggests further potential shifts in the European market, and Slovakia's growth could be significant if sustained. Monitoring Romania's substantial YoY growth and renewable energy adoption trends will be essential for predicting future export patterns.
Top countries in Crude Oil Exports Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 66.28 | 2023 | +5.25% | +7.21% | View data |
| 2 | 2 United Kingdom | 30.59 | 2023 | -0.00095% | -0.33% | View data |
| 3 | 3 Denmark | 0.88 | 2023 | -25.34% | -16.34% | View data |
| 4 | 4 Croatia | 0.36 | 2023 | -0.065% | View data | |
| 5 | 5 Albania | 0.35 | 2023 | -8.02% | -4.36% | View data |
| 6 | 6 Netherlands | 0.19 | 2023 | -10.94% | -10.19% | View data |
| 7 | 7 Poland | 0.19 | 2023 | +5.62% | -3.58% | View data |
| 8 | 8 Greece | 0.14 | 2023 | -0.16% | -1.84% | View data |
| 9 | 9 Italy | 0.11 | 2023 | -8.38% | -21.93% | View data |
| 10 | 10 Hungary | 0.1 | 2023 | +0.98% | -19.04% | View data |
