Germany"s base oil market has shown notable activity in 2024, characterized by substantial trade volumes and varying price trends. The import of "Other residues of petroleum oils" surged significantly, with a total volume of 7. 57 million kg valued at approximately $7. 43 million. This reflects a strategic move to bolster domestic supply chains amidst global market fluctuations. Interestingly, the import price per kg averaged around $0. 98, indicating a cost-effective procurement strategy. Exports, on the other hand, were dominated by large batches, notably a single shipment of 76.

53 million kg valued at $36. 15 million, demonstrating robust demand in international markets. The export price per kg consistently hovered around $0. 47, underscoring Germany"s competitive pricing edge in the global arena. In parallel, the petroleum bitumen sector also witnessed dynamic trade activities. Imports reached 190. 99 million kg, with an expenditure of $98. 28 million, suggesting a strong domestic consumption drive.

Export activities were equally vibrant, with significant shipments totaling over 1. 56 billion kg valued at $767. 24 million, reinforcing Germany"s position as a key player in the petroleum bitumen market. These trends are critical for businesses exploring trade opportunities with Germany, particularly in West Asia, where demand for petroleum products remains high. For businesses seeking to navigate this complex market landscape, Aritral. com offers a comprehensive B2B platform that simplifies international trade. By providing features such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, Aritral empowers businesses to enhance their market reach and connect with key suppliers in Germany"s petroleum sector.