International Trade

• DOI: http://doi.org/10.1111/oet.10_12410
• Published date: 01 August 2017
• Date: 01 August 2017

OIL AND ENERGY TRENDS, AUGUST 2017 GAS TRADE 49

Table 16: Oil and the Balance of Trade

Value of Net Oil Imports (-)/Exports () (Billion US$)

Austria Belgium Denmark Finland France Germany Italy Netherlds Norway

2012 -13.71 -15.35 1.34 -5.50 -46.79 -93.62 -47.55 -10.79 52.31

2013 -13.47 -16.29 1.34 -5.28 -45.72 -94.55 -44.75 -10.67 51.11

2014 -12.93 -16.82 1.34 -5.11 -43.48 -82.11 -43.48 -10.40 48.36

2015 -12.45 -17.47 1.34 -5.01 -41.59 -78.54 -43.04 -10.25 45.79

2016 -12.13 -18.21 1.34 -5.06 -40.26 -76.03 -43.41 -10.23 43.87

Portugal Spain Sweden Switzerland UK Japan Canada USA Australia

2012 -7.55 -59.87 -11.60 -24.04 -22.45 -196.94 59.04 -312.82 -11.03

2013 -7.31 -57.05 -11.46 -24.76 -30.04 -202.04 59.89 -294.88 -10.24

2014 -7.36 -52.36 -11.14 -25.50 -28.57 -199.83 63.06 -292.24 -9.61

2015 -7.51 -49.75 -10.90 -26.27 -27.32 -198.79 65.48 -293.69 -9.07

2016 -7.68 -48.18 -10.80 -27.06 -26.45 -200.14 68.66 -297.09 -8.77

Balance of Trade, All Goods (Billion US$)

Austria Belgium Denmark Finland France Germany Italy Netherlds Norway

2012 -1.00 0.77 1.03 -0.26 -8.73 20.00 1.19 5.40 6.06

2013 -0.63 1.56 1.07 -0.25 -8.44 21.98 3.36 6.84 5.37

2014 -0.32 1.59 0.92 -0.15 -7.65 24.46 4.68 6.99 4.45

2015 -0.18 2.16 0.78 0.00 -5.54 23.44 4.15 5.33 2.37

2016 -0.31 2.59 0.75 -0.22 -6.01 23.87 4.68 5.56 1.27

2016 Feb -0.45 1.59 0.49 -0.03 -6.14 23.48 4.84 4.61 0.76

Mar 0.03 2.25 0.84 -0.16 -6.05 26.32 4.82 6.00 0.83

Apr -0.02 1.89 1.12 -0.39 -6.12 26.37 5.60 5.87 1.36

May -0.31 3.18 0.58 -0.52 -3.98 23.51 4.61 5.67 0.99

Jun -0.22 2.94 0.86 0.18 -5.59 24.05 4.97 5.67 1.35

Jul -0.22 2.51 1.10 -0.20 -6.66 21.57 4.87 5.51 1.50

Aug -0.59 3.76 0.59 -0.42 -7.04 24.39 4.60 5.35 0.86

Sep -0.18 2.75 0.45 -0.09 -6.76 23.37 5.48 5.28 1.07

Oct -0.56 1.75 0.34 -0.08 -6.92 22.53 4.10 5.33 1.55

Nov -0.64 2.64 0.81 -0.31 -6.83 23.00 4.41 5.60 1.81

Dec -0.54 3.14 1.12 -0.40 -4.44 20.61 3.81 6.31 2.30

2017 Jan 0.14 1.16 0.95 -0.33 -9.86 20.56 3.84 5.04 2.09

Feb -0.46 2.32 0.92 -0.08 -7.83 22.41 3.14 5.77 2.16

Portugal Spain Sweden Switzerland UK Japan Canada USA Australia

2012 -1.15 -3.41 0.86 2.13 -14.23 -7.24 -0.58 -60.80 0.52

2013 -1.04 -1.86 0.65 2.12 -14.17 -9.79 -0.29 -57.37 1.68

2014 -1.18 -2.63 0.23 2.74 -15.39 -10.05 0.99 -61.48 1.13

2015 -0.94 -2.29 0.18 3.20 -15.12 -1.99 -0.88 -61.23 -0.97

2016 -0.99 -1.86 -0.11 3.25 -15.11 2.85 -1.04 -60.96 0.08

2016 Feb -0.96 -1.49 -0.05 4.04 -14.89 1.43 -0.92 -63.99 -1.18

Mar -1.04 -1.71 0.21 2.98 -14.89 2.41 -1.64 -55.98 -0.77

Apr -0.90 -1.00 0.20 2.84 -15.87 3.75 -2.70 -57.42 -0.02

May -0.97 -1.38 -0.35 3.48 -14.59 2.46 -2.31 -61.03 -0.57

Jun -1.07 -2.38 -0.39 3.55 -15.55 3.08 -2.06 -64.30 -1.82

Jul -0.89 -1.41 -0.15 1.94 -13.90 2.94 -1.48 -58.76 -0.37

Aug -1.20 -2.57 -0.71 4.02 -15.46 3.57 -0.49 -59.02 -0.37

Sep -0.93 -1.78 0.17 4.22 -16.90 2.91 -2.66 -56.34 0.42

Oct -0.90 -2.47 -0.22 2.14 -13.26 3.81 -0.48 -62.12 0.70

Nov -0.90 -1.79 0.02 3.05 -14.87 3.82 1.90 -65.59 3.22

Dec -1.17 -2.34 -0.17 3.50 -15.94 3.22 0.23 -64.37 3.26

2017 Jan -1.13 -2.17 -0.10 4.27 -14.39 1.00 0.44 -68.59 2.77

Feb -1.06 -2.86 -0.12 2.90 -13.79 5.44 -0.34 -64.40 3.75

Data source: International Trade (Main Economic Indicators); OECD.Stat; http://stats.oecd.org/

Data source: International Monetary Fund World Economic

O

utlook

(

WE

O)

database. Belgium, Netherlands, Norway,

S

witzerland, U

S

A: WE

O

estimates after 2011. All others WEO estimates after 2012.

Value of Net Oil Imports (-)/Exports ()

2012-2016 (Billion US$)

Balance of Trade, All Goods

2012-2016 (Billion US$)

Balance of Trade, All Goods

2016-2017 (Billion US$)

`

-450.00

-400.00

-350.00

-300.00

-250.00

-200.00

-150.00

-100.00

-50.00

0.00

50.00

100.00

150.00

2012 2013 2014 2015 2016

Norway Germany UK Japan

Canada USA Australia

-70.00

-60.00

-50.00

-40.00

-30.00

-20.00

-10.00

0.00

10.00

20.00

30.00

2012 2013 2014 2015 2016

Norway Germany UK Japan

Canada USA Australia

-80.00

-60.00

-40.00

-20.00

0.00

20.00

40.00

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

Norway Germany UK Japan

Canada USA Australia