International Trade

• Published date: 01 May 2018
• Date: 01 May 2018
• DOI: http://doi.org/10.1111/oet.10_12507

OIL AND ENERGY TRENDS, MAY 2018 GAS TRADE 51

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 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

Mar -0.59 2.60 0.92 0.10 -6.65 21.89 4.56 6.35 2.08

Apr -0.48 1.71 0.56 -0.39 -7.01 21.30 3.96 5.63 2.14

May -0.65 1.75 0.62 -0.26 -6.50 22.81 4.07 6.20 1.16

Jun -0.62 1.59 0.54 -0.10 -9.41 23.51 3.95 7.09 1.45

Jul -0.68 2.26 0.54 -0.08 -9.25 22.86 4.14 7.24 1.63

Aug -0.68 2.79 0.65 -0.14 -7.62 25.82 4.94 5.76 1.95

Sep -0.71 1.76 1.05 -0.21 -6.99 26.92 5.46 8.44 1.51

Oct -0.72 2.47 0.80 -0.06 -7.95 23.74 5.19 6.55 1.83

Nov -0.64 2.76 0.57 -0.30 -8.53 26.28 5.28 6.19 -0.72

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 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

Mar -0.93 -2.58 -0.07 3.20 -15.72 1.37 0.19 -64.92 2.80

Apr -1.46 -1.68 -0.45 3.21 -12.90 1.32 0.10 -67.11 1.47

May -1.42 -2.83 0.67 2.64 -14.43 1.41 0.43 -66.28 0.29

Jun -1.44 -3.04 -0.25 3.21 -13.85 2.68 -1.76 -63.94 -3.72

Jul -1.45 -3.07 -0.14 3.22 -13.74 2.81 -1.53 -63.82 -3.61

Aug -1.39 -2.30 -0.22 2.90 -15.74 2.86 -1.97 -63.73 -0.26

Sep -1.30 -2.85 0.19 2.91 -14.68 2.00 -2.65 -63.96 -0.30

Oct -1.54 -2.75 0.00 1.96 -15.13 3.01 -0.80 -68.19 1.14

Nov -1.20 -2.60 0.07 1.95 -15.17 2.52 -1.21 -69.80 1.73

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

Data source: International Monetary Fund World Economic

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database. Belgium, Netherlands, Norway,

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witzerland, U

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estimates after 2011. All others WEO estimates after 2012.