Petroleum Gas in United States

2019
Exports | Imports
: $32.3B | $9.79B, World Rnk 3 / 152
Flag Rnk 7 / 1217 | World Rnk 8 / 219
Flag Rnk 48 / 1215

2019
Destination | Origin
: $6.53B | $8.61B, Mexico | Canada

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $717M | $47M, Spain |  Russia

2019
ECONOMIC COMPLEXITY of United States
: 1.64, Rnk 9 / 157

2019
PRODUCT COMPLEXITY  IN Petroleum Gas
: -2.48, Rnk 1023 / 1029

Exports: In 2019, United States exported $32.3B in Petroleum Gas, making it the 3rd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 7th most exported product in United States. The main destination of Petroleum Gas exports from United States are: Mexico ($6.53B), Japan ($5.58B), South Korea ($3.58B), Canada ($2.35B), and Spain ($1.26B).

The fastest growing export markets for Petroleum Gas of United States between 2018 and 2019 were Spain ($717M), France ($537M), and India ($391M).

Imports: In 2019, United States imported $9.79B in Petroleum Gas, becoming the 8th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 48th most imported product in United States. United States imports Petroleum Gas primarily from: Canada ($8.61B), Trinidad and Tobago ($797M), Turkey ($57.2M), Russia ($47M), and Equatorial Guinea ($45.8M).

The fastest growing import markets in Petroleum Gas for United States between 2018 and 2019 were Russia ($47M), Equatorial Guinea ($39.2M), and Trinidad and Tobago ($34.1M).

Overview: In January 2021 United States' Petroleum Gas exports accounted up to $4.37B and imports accounted up to $821M, resulting in a positive trade balance of $3.55B. Between January 2020 and January 2021 the exports of United States'   Petroleum Gas have increased by $1.05B (31.8%) from $3.32B to $4.37B, while imports increased by $80.9M (10.9%) from $740M to $821M.

Destinations: In January 2021 Petroleum Gas exported mostly to Japan ($935M), Mexico ($652M), South Korea ($509M), China ($419M), and Turkey ($206M), and imported mostly from Canada ($706M), Trinidad and Tobago ($84.5M), Equatorial Guinea ($11.1M), Norway ($11M), and Argentina ($2.5M).

Growth: In January 2021, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to China ($419M or 659k%), Japan ($302M or 47.7%), and Indonesia ($159M or 487%). In January 2021, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from Canada ($86.7M or 14%), Trinidad and Tobago ($16.2M or 23.8%), and France ($98k or 1.19k%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (January 2020 - January 2021): $1.05B, (31.8%)

IMPORT GROWTH (January 2020 - January 2021): $80.9M, (10.9%)

MAIN EXPORTER (January 2021): Texas, $2.86B

MAIN DESTINATION (January 2021): Japan, $935M

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.

Value

EXPORTS (2019): $32.3B

IMPORTS (2019): $9.79B

NET TRADE (2019): $22.5B

In 2019, United States exported $32.3B in Petroleum Gas. The main destinations of United States exports on Petroleum Gas were Mexico ($6.53B), Japan ($5.58B), South Korea ($3.58B), Canada ($2.35B), and Spain ($1.26B).

In 2019, United States imported $9.79B in Petroleum Gas, mainly from Canada ($8.61B), Trinidad and Tobago ($797M), Turkey ($57.2M), Russia ($47M), and Equatorial Guinea ($45.8M).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Petroleum Gas WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:

Flow

THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY United States WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Petroleum Gas were:

In 2018, United States's main importing competitors in Petroleum Gas were:

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Tariffs by Country

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In 2017, the tariffs for Petroleum Gas in the imports of United States were of 0% around the world.

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