2023
Exports
$47.8BWorld Rnk 4 / 163
Flag Rnk 3 / 1208
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$239MWorld Rnk 79 / 220
Flag Rnk 192 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $47.8B in Petroleum Gas, making it the 4th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in Australia. The main destination of Petroleum Gas exports from Australia are: Japan ($20.6B), China ($15.1B), Chinese Taipei ($6.16B), Thailand ($2.22B), and Singapore ($1.72B).

The fastest growing export markets for Petroleum Gas of Australia between 2022 and 2023 were Thailand ($239M), Indonesia ($26.3M), and Kenya ($22.8M).

Imports In 2023, Australia imported $239M in Petroleum Gas, becoming the 79th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 192nd most imported product in Australia. Australia imports Petroleum Gas primarily from: United States ($219M), South Korea ($11.5M), Malaysia ($3.78M), China ($2.21M), and Germany ($650k).

The fastest growing import markets in Petroleum Gas for Australia between 2022 and 2023 were Spain ($57.1k), Singapore ($54.3k), and Thailand ($49.7k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Petroleum Gas. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$47.8B
IMPORTS (2023)$239M
NET TRADE (2023)$47.6B

In 2023, Australia exported $47.8B in Petroleum Gas. The main destinations of Australia exports on Petroleum Gas were Japan ($20.6B), China ($15.1B), Chinese Taipei ($6.16B), Thailand ($2.22B), and Singapore ($1.72B).

In 2023, Australia imported $239M in Petroleum Gas, mainly from United States ($219M), South Korea ($11.5M), Malaysia ($3.78M), China ($2.21M), and Germany ($650k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Australia WERE (2022 - 2023):
Thailand$239M (12.1%)
Indonesia$26.3M (42.2%)
Kenya$22.8M (334%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Australia WERE (2022 - 2023):
South Korea-$15.2B (-99.4%)
Japan-$7.95B (-27.8%)
Chinese Taipei-$3.26B (-34.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Petroleum Gas were:
In 2023, Australia's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $599M
TOP IMPORT POTENTIALUnited States+ $43.4M

Petroleum Gas’s highest export potential is India. With an export gap of $599M.   Petroleum Gas’s highest import potential is United States with an import gap of $43.4M.

See methodology.

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