In 2023, the Netherlands led European fuel oil exports with 273.16 thousand gigawatt-hours, showing a strong growth of 16.21%. Germany and Denmark also experienced notable increases of 7.8% and 6.4%, respectively. In contrast, Spain, United Kingdom, and Greece faced significant declines of over 11%, 12%, and 3% respectively. Malta showed remarkable growth of 9.91%, while Bosnia and Herzegovina surged by 56.1%, though from a small base. The general trend indicates a mixed performance across countries, with an average decline observed in several major exporters.
Looking ahead, climate policies and geopolitical dynamics will influence fuel oil exports. Advances in renewable energy and decarbonization goals could reduce oil dependency, while shifts in trade alliances might alter export patterns. Monitoring these factors will be crucial for understanding future trajectories in this sector.
Top countries in Fuel Oil Exports by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 273,160 | 2023 | -0.54% | +16.21% | View data |
| 2 | 2 Belgium | 57,520 | 2023 | +5.58% | -2.23% | View data |
| 3 | 3 France | 45,720 | 2023 | +9.85% | -3.41% | View data |
| 4 | 4 Italy | 45,390 | 2023 | +2.23% | -1.69% | View data |
| 5 | 5 Denmark | 43,770 | 2023 | -0.22% | +6.4% | View data |
| 6 | 6 Germany | 43,350 | 2023 | +3.45% | +7.8% | View data |
| 7 | 7 Greece | 36,010 | 2023 | +5.52% | -3.4% | View data |
| 8 | 8 Sweden | 31,170 | 2023 | -0.75% | -9.2% | View data |
| 9 | 9 Poland | 27,120 | 2023 | +13.83% | -2.93% | View data |
| 10 | 10 Spain | 23,330 | 2023 | -3.75% | -11.18% | View data |
