Oil Imports to Europe

The top 10 countries by oil imports are: European Union, China, United States, India, Japan, South Korea, Germany, Philippines, Italy, Spain and UK.

Poland has the 19th-largest crude oil imports (467,400 barrels / day) in the world. Poland imports oil from EU countries, but not from Russia.

Bulgaria has the 40th-largest crude oil imports (128,100 barrels / day) in the world. Bulgaria imports oil from EU countries, but not from Russia

Bulgaria is a major producer and exporter of electricity in the region and plays an important role in the energy balance on the Balkans. The country's strategic geographical location makes it a major hub for transit and distribution of oil and gas from Russia to Western Europe and other Balkan states.

Hungary has the 43rd-largest crude oil imports (115,300 barrels / day) in the world. Hungary imports oil from EU countries, but not from Russia.

Finland is highly dependent on Russia as a source for its crude oil imports, which accounted for 89% of the total crude oil imports in 2011 with the rest imported from Norway.

Baltic States of Estonia, Lithuania and Latvia get most of their oil from Russia.

Czech Republic oil is imported from Russia 64.3%, Azerbaijan 28% and Kazakhstan 6%.

Germany's crude oil imports amounted to 91 million tonnes in 2016. The most important supplier country is Russia, accounting for just under 40% of the country’s crude-oil imports last year. In 2016, some 22.4 million tonnes of crude oil were imported from Norway and the EU Member States – a figure that corresponds to less than a quarter of Germany’s crude oil imports

Italy imports oil from Azarbiajan 12.3, Iran 9.3, Iraq 8.5, Russia 6.5, Saudi Arabia 6.1, Libya 5.1, Kuwait 3.7. Volume in million barrels in 2017. Crude Oil Production in Italy decreased to 92 BBL/D/1K in March from 95 BBL/D/1K in February of 2018.

Austria imports oil from Slovenia, Czech Republic, Hungary, Germany and Italy. Total oil imports are $12.1 billion.

France imports oil from Canada, Saudi Arabia, Mexico, Nigeria and until recently Venezuela.

Spain imports oil from Nigeria, Angola, Saudi Arabia, Mexico, EU and US.

Switzerland imports nearly half of its crude oil from Africa (39% Nigeria, 6% Libya, 1% Egypt); the remaining half comes from Mexico (18%), the United States (12%), Kazakhstan (8%) and other countries.

Comments

The EU trades with itself and its neighbors including Russia, China, Africa and the Middle East. The US trade deficit with the EU in 2017 was $131 billion and so far in 2018 $66 billion as of May 2018. At $13.2 billion a month we can estimate the US trade deficit with the EU will be $158.4 billion.

Norb Leahy, Dunwoody GA Tea Party Leader