Petroleum Gas in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $116B in Petroleum Gas, making it the 2nd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in United States. The main destination of Petroleum Gas exports from United States are: Mexico ($15.6B), Japan ($9.52B), United Kingdom ($9.51B), France ($8.31B), and South Korea ($8.3B).

The fastest growing export markets for Petroleum Gas of United States between 2021 and 2022 were United Kingdom ($7.96B), France ($6.57B), and Spain ($5.33B).

Imports In 2022, United States imported $24.5B in Petroleum Gas, becoming the 12th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 18th most imported product in United States. United States imports Petroleum Gas primarily from: Canada ($22.4B), Trinidad and Tobago ($904M), Spain ($375M), Jamaica ($244M), and Equatorial Guinea ($196M).

The fastest growing import markets in Petroleum Gas for United States between 2021 and 2022 were Canada ($8.84B), Trinidad and Tobago ($586M), and Spain ($266M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (67), MYSTIC APPAREL LLC (36), and MICHAEL KORS (USA), INC. (28) were at the forefront of shipping Petroleum Gas to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Petroleum Gas exports accounted up to $5.62B and imports accounted up to $1.67B, resulting in a positive trade balance of $3.95B. Between January 2023 and January 2024 the exports of United States' Petroleum Gas have decreased by $-2.26B (-28.7%) from $7.88B to $5.62B, while imports decreased by $-236M (-12.4%) from $1.9B to $1.67B.

Destinations In January 2024, Petroleum Gas were exported mostly to Mexico ($815M), Japan ($639M), Netherlands ($468M), China ($391M), and United Kingdom ($318M), and were imported mostly from Canada ($1.55B), Norway ($39.7M), Nigeria ($38.9M), Trinidad and Tobago ($27.2M), and Equatorial Guinea ($10.3M).

Growth In January 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Spain ($-251M or -44.5%), Singapore ($-188M or -99.6%), and Turkey ($-115M or -23.5%). In January 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Canada ($-904M or -34.7%), Trinidad and Tobago ($-111M or -55.9%), and Norway ($-10.4M or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-2.26B(-28.7%)

IMPORT GROWTH (January 2023 - January 2024)$-236M(-12.4%)

MAIN EXPORTER (January 2024)Texas$3.14B

MAIN DESTINATION (January 2024)Mexico$815M

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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