The Refined Petroleum Products Export of Finland: Trade Overview of 2024

Refined petroleum products, the substances derived from crude oil via various refining processes for commercial and industrial use, are a top preference of the globally leading traders. The use of refined products for transportation, heating, and power generation by almost every country worldwide, and the uneven resource distribution along with refining capacity differences, have maintained continuity in the global trade. Finland and Northern Europe, bordered by Norway and Russia in the north-east direction, have substantially contributed to the global refined petroleum products export market via diversification of crude oil and strong refining technology.

The country, due to its established exporter network along with the competitive product portfolio, has achieved a total export valuation of refined petroleum products worth 22 billion US dollars in 2024. The competitive range of products manufactured as per the global demands and the regulatory compliance with the European Union standards has maintained the continuity in the upward trajectory of export revenue. Subscribe to Import Globals, the leading Finland Import Data provider, to stay updated with the latest information regarding the refined petroleum products export of the nation via the Finland Trade Data.

GOVERNMENT INITIATIVES SUPPORTING THE REFINED PETROLEUM PRODUCTS EXPORT OF FINLAND IN 2024

The Flexible Energy Systems Program has encouraged innovation in low-carbon fuels. It has boosted the export-oriented refined fuel products manufacturing. The net-zero industries' mission has promoted the development of synthetic and exportable refined products. 

The 400-million-euro aid scheme for decarbonization has improved the sustainability of refined exports. The energy efficiency has reduced the domestic oil demand while freeing up the refined product capacity. The discovery and resilience plan have strengthened the energy sector infrastructure with innovation in the ecosystem. 

THE LEADING VARIANTS OF REFINED PETROLEUM PRODUCTS EXPORTED FROM FINLAND IN 2024

The competitive product ranges demanded by the global consumer base and the ability of the country to produce specialty petroleum products have led to diversity in the global trade output. According to the Finland Export Data, the top 10 leading variants of petroleum products exported from the nation in 2024 are,

  • Gasoline – The total valuation of Gasoline exported from Finland in 2024 – 6.87 billion US dollars
  • Aviation fuel / Jet fuel – The total valuation of Aviation fuel / Jet fuel exported from Finland in 2024 – 5.91 billion US dollars
  • Diesel – The total valuation of Diesel exported from Finland in 2024 – 4.78 billion US dollars
  • Kerosene – The total valuation of Kerosene exported from Finland in 2024 – 3.92 billion US dollars
  • Liquefied Petroleum Gas (LPG) – The total valuation of Liquefied Petroleum Gas (LPG) exported from Finland in 2024 – 2.87 billion US dollars
  • Naphtha – The total valuation of Naphtha exported from Finland in 2024 – 2.65 billion US dollars
  • Fuel Oil– The total valuation of Fuel Oil exported from Finland in 2024 – 2.21 billion US dollars
  • Lubricating Oils – The total valuation of Lubricating Oils exported from Finland in 2024 – 1.87 billion US dollars
  • Bitumen / Asphalt– The total valuation of Bitumen / Asphalt exported from Finland in 2024 – 1.65 billion US dollars
  • Paraffin Wax– The total valuation of Paraffin Wax exported from Finland in 2024 – 1.54 billion US dollars

TOP 10 EXPORT TRADE PARTNERS OF FINLAND IN 2024

The integration of the country with the European Union energy markets and the ability to comply with the international fuel specifications have benefited the bilateral relationships with the topmost regions that are importing. According to the Finland Customs Data, the top 10 export trade partners of the nation for refined petroleum products exports in 2024 are,

  • Sweden – The total valuation of refined petroleum products exported from Finland to Sweden in 2024 – 7.82 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Toluene
    • Xylene (mixed xylenes)
    • Orthoxylene
    • Paraxylene
    • Metaxylene
  • Germany – The total valuation of refined petroleum products exported from Finland to Germany in 2024 – 6.52 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Insulating oil
    • Paraffin wax
    • Microcrystalline wax
    • Petrolatum/petroleum jelly
    • Petroleum coke (fuel-grade)
  • United States– The total valuation of refined petroleum products exported from Finland to the United States in 2024 – 5.91 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Automotive grease
    • Multipurpose grease
    • Industrial grease
    • Transformer oil
    • Insulating oil
  • Netherlands– The total valuation of refined petroleum products exported from Finland to the Netherlands in 2024 – 4.78 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Lubricating oil (motor oil)
    • Gear oil
    • Transmission fluid
    • Hydraulic oil
    • Compressor oil
  • China – The total valuation of refined petroleum products exported from Finland to China in 2024 – 3.92 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Reformulated gasoline (RFG)
    • Oxygenated gasoline
    • Premium unleaded
    • Mid‑grade gasoline
    • E‑fuel / E‑diesel (synthetic)
  • Estonia – The total valuation of refined petroleum products exported from Finland to Estonia in 2024 – 2.78 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Aviation kerosene
    • Ethylene feedstock
    • Propylene feedstock
    • Aromatic feedstock
    • Paraffinic feedstock
  • Poland – The total valuation of refined petroleum products exported from Finland to Poland in 2024 – 2.25 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Reform naphtha
    • Petrochemical naphtha
    • Liquefied petroleum gas (LPG)
    • Propane
    • Butane
  • Norway – The total valuation of refined petroleum products exported from Finland to Norway in 2024 – 2.09 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Heavy fuel oil
    • Residual fuel oil
    • Gas oil
    • Naphtha
    • Straight‑run naphtha
  • United Kingdom – The total valuation of refined petroleum products exported from Finland to the United Kingdom in 2024 – 1.87 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Diesel oil (road diesel)
    • Low‑sulfur diesel
    • Marine diesel
    • Heating oil
    • Light cycle oil
  • Italy – The total valuation of refined petroleum products exported from Finland to Italy in 2024 – 1.65 billion US dollars
  • Top 5 variants of refined petroleum products exported
    • Premium gasoline
    • Regular gasoline
    • Aviation turbine fuel (Jet A)
    • Aviation gasoline (Avgas)
    • Kerosene

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

An in-depth Analysis of Gold, Nicaragua's Top Export

Image
Although the economy of Nicaragua, the largest nation in Central America, is diverse, one product stands out above all others in terms of exports: gold. According to Nicaragua Export Data , gold has solidified its position as Nicaragua’s most valuable export during the last ten years, overtaking more conventional agricultural products like sugar and coffee. This blog offers a thorough analysis of Nicaragua’s gold export industry, including an overview of exports, data patterns from 2020 to 2024, important export destinations, the factors that make gold important to the country, important producing regions, global context, strategic implications, and forecast trends. Overview of Exports Nicaragua’s economy has relied heavily on gold output, especially in the previous ten to fifteen years. Gold is now Nicaragua’s top export by value thanks to substantial modernization and international investment in the mining industry, which was formerly eclipsed by agriculture. Rising global gold price...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more