HS Icon Natural gas, liquefied

271111 (Harmonized System 1992 for 6-digit)

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.

The countries with the highest import tariffs for Natural gas, liquefied are Bermuda (25%), Jordan (23.3%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

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.

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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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Australia, $25.7B

Top Destination (2020): Japan, $26.8B

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).

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Market Dynamics

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Trade by country

Value

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 Myanmar ($67.9M).

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Market Concentration

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Cumulative market share

Value

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.

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TOP NET EXPORTER (2020): Australia, $25.7B

TOP NET IMPORTER (2020): Japan, $26.8B

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).

Disaggregation

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Value

In 2019, the world most traded Natural gas, liquefied, disaggragated by their HS6 level were Natural gas, liquefied ($99.6B)

Country Comparison

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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.

Import Tariffs

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In 2018, the average tariff for importing Natural gas, liquefied was 3.84%. The countries with the highest tariffs for importing Natural gas, liquefied were Bermuda (25%), Jordan (23.3%), Cayman Islands (22%), and Bhutan (19.6%).

Product Complexity

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Diversification Frontier

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Specialization

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.