The European fossil fuels energy trade balance in 2023 demonstrates significant disparities among countries. Germany leads with the highest balance but shows a decrease of 4.85% from the previous year. Italy, France, and Spain follow, with Spain exhibiting a slight increase of 0.96%. Norway, as an exporter, significantly counterbalances with negative values, indicating high fossil fuel exports. Notably, smaller nations like Estonia and Latvia are showing diminishing trends while countries like Romania and Croatia grow slightly.
Future trends to monitor include:
- The impact of Germany's renewable energy transition on its trade balance.
- Italy and France's efforts to diversify energy sources and potential shifts in trade balances.
- The role of increased renewable adoption in stabilizing or further reducing import reliance across Europe.
- Norway's continued influence as a major exporter and its strategic decisions regarding fossil fuel exports.
Top countries in Fossil Fuels Energy Trade Balance Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.43 | 2023 | +1.48% | -4.85% | View data |
| 2 | 2 Italy | 16.82 | 2023 | -2.26% | -1.51% | View data |
| 3 | 3 France | 16.09 | 2023 | -2.25% | -3.01% | View data |
| 4 | 4 Spain | 12.49 | 2023 | +0.35% | +0.96% | View data |
| 5 | 5 Netherlands | 8.34 | 2023 | -3.57% | View data | |
| 6 | 6 United Kingdom | 7.15 | 2023 | -0.96% | View data | |
| 7 | 7 Poland | 6.47 | 2023 | +4.77% | +1.71% | View data |
| 8 | 8 Belgium | 3.52 | 2023 | -8.68% | -3.29% | View data |
| 9 | 9 Greece | 3.06 | 2023 | -0.34% | +1.07% | View data |
| 10 | 10 Czech Republic | 2.87 | 2023 | +4.49% | View data |
