In 2024, Norway holds a dominant position in European crude oil exports, contributing 66.28% of the total share, with a significant year-on-year growth of 7.21%. The United Kingdom follows at 30.59%, although it experienced a slight decline of 0.33%. Denmark's share reduced sharply by 16.34%, down to 0.88%. Romania saw an impressive growth of 131.51% year-on-year, despite having a small share of 0.0058% in the broader context. Other countries such as Italy, Hungary, and the Netherlands experienced substantial declines, while Slovakia achieved a remarkable increase of 42.25%.
Future trends to watch include potential changes in Norway's export volumes as they respond to global energy transition initiatives, and the responsiveness of countries like the United Kingdom and Romania to emerging market demands. Observing geopolitical developments affecting trade routes and partnerships will also be crucial for understanding shifts in export shares across Europe.
Top countries in Crude Oil Exports Share by Country (Terajoules)
| # | 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 | -0.00096% | -0.33% | View data |
| 3 | 3 Denmark | 0.88 | 2023 | -25.34% | -16.34% | View data |
| 4 | 4 Croatia | 0.49 | 2023 | +14.08% | View data | |
| 5 | 5 Albania | 0.35 | 2023 | -8.02% | -4.36% | View data |
| 6 | 6 Poland | 0.18 | 2023 | +3.23% | -4.48% | View data |
| 7 | 7 Netherlands | 0.15 | 2023 | -23.59% | -14.8% | View data |
| 8 | 8 Greece | 0.11 | 2023 | -14.29% | -6.63% | View data |
| 9 | 9 Hungary | 0.1 | 2023 | +0.99% | -19.04% | View data |
| 10 | 10 France | 0.059 | 2023 | +2.74% | View data |
