Natural gas, liquefied271111 (Harmonized System 1992 for 6-digit)
2020 World Trade: $99.6B, Rnk 14 / 4613
2020 Top Exporter | Top Importer: $25.7B | $26.8B, Australia | Japan
2020 Product Complexity: -2.31, Rnk 4739 / 4783
2019 - 2020 Export Growth (CAGR): -31.2%, Rnk 4281 / 4613
2018 Mean Tariff: 3.84%, Rnk 5203 / 6538
2020 Share of World Trade: 0.59%, Rnk 14 / 4613
Overview This page contains the latest trade data of Natural gas, liquefied. In 2020, Natural gas, liquefied were the world's 14th most traded product, with a total trade of $99.6B. Between 2019 and 2020 the exports of Natural gas, liquefied decreased by -31.2%, from $145B to $99.6B. Trade in Natural gas, liquefied represent 0.59% of total world trade.
Natural gas, liquefied are a part of Petroleum Gas.
Exports In 2020 the top exporters of Natural gas, liquefied were Australia ($25.7B), Qatar ($18.2B), United States ($13.2B), Malaysia ($7.3B), and Russia ($6.8B).
Imports In 2020 the top importers of Natural gas, liquefied were Japan ($26.8B), China ($20.4B), South Korea ($14.2B), India ($7.26B), and Chinese Taipei ($4.74B).
Tariffs In 2018 the average tariff for Natural gas, liquefied was 3.84%, making it the 5203rd lowest tariff using the HS6 product classification.
Ranking Natural gas, liquefied ranks 4739th in the Product Complexity Index (PCI).
Description Natural gas is a fossil fuel and it is used for heating and cooking at homes, for providing hot water in homes and for all residential and commercial cooking. Natural gas is also used for electricity generation, and for manufacturing chemicals, plastics, fertilizers, and other products.
The following visualization shows the latest trends on Natural gas, liquefied. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Natural gas, liquefied are the world's 14th most traded product.
In 2020, the top exporters of Natural gas, liquefied were Australia ($25.7B), Qatar ($18.2B), United States ($13.2B), Malaysia ($7.3B), and Russia ($6.8B).
In 2020, the top importers of Natural gas, liquefied were Japan ($26.8B), China ($20.4B), South Korea ($14.2B), India ($7.26B), and Chinese Taipei ($4.74B).
Trade by country
Top Origin Growth (2019 - 2020): United States, $3.44B
Top Destination Growth (2019 - 2020): Denmark, $278M
Between 2019 and 2020, the exports of Natural gas, liquefied grew the fastest in United States ($3.44B), Germany ($109M), Belgium ($84.8M), Romania ($44.1M), and Singapore ($43.1M).
Between 2019 and 2020, the fastest growing importers of Natural gas, liquefied were Denmark ($278M), Brazil ($121M), Belgium ($91.5M), Israel ($86.2M), and Burma ($67.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Natural gas, liquefied.
In 2020, market concentration measured using Shannon Entropy, was 3.5. This means that most of the exports of Natural gas, liquefied are explained by 11 countries.
This map shows which countries export or import more of Natural gas, liquefied. Each country is colored based on the difference in exports and imports of Natural gas, liquefied during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Natural gas, liquefied were Australia ($25.7B), Qatar ($18.2B), United States ($12.6B), Russia ($6.8B), and Malaysia ($6.24B).
In 2020, the countries that had a largest trade value in imports than in exports of Natural gas, liquefied were Japan ($26.8B), China ($20.3B), South Korea ($14.2B), India ($7.25B), and Chinese Taipei ($4.74B).
This visualization shows the countries that have an important ratio of their trade related to Natural gas, liquefied. It is possible to select the main countries that export or import Natural gas, liquefied in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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