In 2023, the United Kingdom had a crude oil trading deficit of over 23 billion British pounds after it exported around 31.8 billion pounds worth of oil, and imported around 54.8 billion pounds.
Value of trade in oil in the United Kingdom from 1997 to 2023
(in million GBP)
Characteristic
Exports
Imports
Balance
2023
31,795
54,840
-23,045
2022
48,044
62,568
-14,524
2021
29,450
29,754
-304
2020
23,793
22,256
1,537
2019
36,056
39,544
-3,488
2018
37,837
41,122
-3,285
2017
30,593
32,546
-1,953
2016
19,411
24,330
-4,919
2015
19,799
27,074
-7,275
2014
31,131
42,035
-10,904
2013
37,298
47,911
-10,613
2012
39,166
53,615
-14,449
2011
38,827
48,767
-9,940
2010
31,195
34,529
-3,334
2009
23,629
26,607
-2,978
2008
31,445
36,982
-5,537
2007
22,412
26,339
-3,927
2006
22,447
25,931
-3,484
2005
18,772
21,082
-2,310
2004
15,294
15,431
-137
2003
13,795
11,239
2,556
2002
13,640
9,703
3,937
2001
14,207
9,807
4,400
2000
14,717
9,785
4,932
1999
8,705
5,113
3,592
1998
6,576
4,372
2,204
1997
9,809
6,079
3,730
Zoomable Statistic: Select the range in the chart you want to zoom in on.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for National Statistics (UK). (February 15, 2024). Value of trade in oil in the United Kingdom from 1997 to 2023 (in million GBP) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/284717/united-kingdom-uk-trade-in-oil-by-trade-value/
Office for National Statistics (UK). "Value of trade in oil in the United Kingdom from 1997 to 2023 (in million GBP)." Chart. February 15, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/284717/united-kingdom-uk-trade-in-oil-by-trade-value/
Office for National Statistics (UK). (2024). Value of trade in oil in the United Kingdom from 1997 to 2023 (in million GBP). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/284717/united-kingdom-uk-trade-in-oil-by-trade-value/
Office for National Statistics (UK). "Value of Trade in Oil in The United Kingdom from 1997 to 2023 (in Million Gbp)." Statista, Statista Inc., 15 Feb 2024, https://www.statista.com/statistics/284717/united-kingdom-uk-trade-in-oil-by-trade-value/
Office for National Statistics (UK), Value of trade in oil in the United Kingdom from 1997 to 2023 (in million GBP) Statista, https://www.statista.com/statistics/284717/united-kingdom-uk-trade-in-oil-by-trade-value/ (last visited December 23, 2024)
Value of trade in oil in the United Kingdom from 1997 to 2023 (in million GBP) [Graph], Office for National Statistics (UK), February 15, 2024. [Online]. Available: https://www.statista.com/statistics/284717/united-kingdom-uk-trade-in-oil-by-trade-value/