Petroleum Gas in United States 2020 Exports | Imports : $34.7B | $7.39B, World Rnk 1 / 152 Rnk 5 / 1217 | World Rnk 7 / 220 Rnk 63 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.31B | $185M, China | Nigeria
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Petroleum Gas: -1.98, Rnk 1003 / 1029
Exports In 2020, United States exported $34.7B in Petroleum Gas, making it the 1st largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 5th most exported product in United States. The main destination of Petroleum Gas exports from United States are: Mexico ($6.24B), Japan ($5.12B), South Korea ($3.72B), China ($2.47B), and Canada ($1.51B).
The fastest growing export markets for Petroleum Gas of United States between 2019 and 2020 were China ($2.31B), Turkey ($642M), and Brazil ($331M).
Imports In 2020, United States imported $7.39B in Petroleum Gas, becoming the 7th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 63rd most imported product in United States. United States imports Petroleum Gas primarily from: Canada ($6.41B), Trinidad and Tobago ($520M), Nigeria ($204M), Equatorial Guinea ($71.6M), and Norway ($62.2M).
The fastest growing import markets in Petroleum Gas for United States between 2019 and 2020 were Nigeria ($185M), Norway ($36.7M), and Equatorial Guinea ($25.9M).
December 2022
Overview In December 2022 United States' Petroleum Gas exports accounted up to $7.64B and imports accounted up to $1.65B, resulting in a positive trade balance of $5.99B. Between December 2021 and December 2022 the exports of United States' Petroleum Gas have increased by $780M (11.4%) from $6.86B to $7.64B, while imports decreased by $-130M (-7.31%) from $1.78B to $1.65B.
Destinations In December 2022, Petroleum Gas were exported mostly to Mexico ($1.02B), United Kingdom ($987M), Japan ($841M), France ($514M), and Spain ($512M), and were imported mostly from Canada ($1.49B), Trinidad and Tobago ($145M), Chile ($10.6M), Equatorial Guinea ($1.92M), and South Korea ($1.14M).
Growth In December 2022, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Spain ($489M or 653%), Mexico ($460M or 74.3%), and France ($440M or 2.02k%). In December 2022, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Equatorial Guinea ($-2.73M or -24.7%), Argentina ($-2.5M or -100%), and Norway ($-637k or -5.79%).
EXPORT GROWTH (December 2021 - December 2022): $780M, (11.4%)
IMPORT GROWTH (December 2021 - December 2022): $-130M, (-7.31%)
MAIN EXPORTER (December 2022): Louisiana, $3.33B
MAIN DESTINATION (December 2022): Mexico, $1.02B
This section shows Petroleum Gas's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Petroleum Gas over time.
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EXPORTS (2020): $34.7B
IMPORTS (2020): $7.39B
NET TRADE (2020): $27.3B
In 2020, United States exported $34.7B in Petroleum Gas. The main destinations of United States exports on Petroleum Gas were Mexico ($6.24B), Japan ($5.12B), South Korea ($3.72B), China ($2.47B), and Canada ($1.51B).
In 2020, United States imported $7.39B in Petroleum Gas, mainly from Canada ($6.41B), Trinidad and Tobago ($520M), Nigeria ($204M), Equatorial Guinea ($71.6M), and Norway ($62.2M).
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Petroleum Gas were:
In 2020, United States's main importing competitors in Petroleum Gas were:
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