The 2013 Import and Export Market for Crude Oils from Petroleum and Bituminous Minerals in the United Kingdom

On the demand side, exporters and strategic planners focusing on crude oils from petroleum and bituminous minerals in the United Kingdom face a number of questions. Which countries are supplying crude oils from petroleum and bituminous minerals to the United Kingdom? How important is the United Kingdom compared to others in terms of the entire global and regional market? How much do the imports of crude oils from petroleum and bituminous minerals vary from one country of origin to another in the United Kingdom? On the supply side, the United Kingdom also exports crude oils from petroleum and bituminous minerals. Which countries receive the most exports from the United Kingdom? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers? This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for crude oils from petroleum and bituminous minerals in the United Kingdom. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for crude oils from petroleum and bituminous minerals for those countries serving the United Kingdom via exports, or supplying from the United Kingdom via imports. It does so for the current year based on a variety of key historical indicators and econometric models. In what follows, Chapter 2 begins by summarizing where the United Kingdom fits into the world market for imported and exported crude oils from petroleum and bituminous minerals. The total level of imports and exports on a worldwide basis, and those for the United Kingdom in particular, is estimated using a model which aggregates across over 150 key country