Overview This page contains the latest trade data of Petroleum Gas. In 2020, Petroleum Gas were the world's 12th most traded product, with a total trade of $217B. Between 2019 and 2020 the exports of Petroleum Gas decreased by -28.4%, from $303B to $217B. Trade in Petroleum Gas represent 1.3% of total world trade.
Petroleum Gas are a part of Mineral fuels, mineral oils and products of their distillation. They include Natural gas in gaseous state, Natural gas, liquefied, Propane, liquefied, Butanes, liquefied, Petroleum gases & gaseous hydrocarbons nes, liquefied, Ethylene, propylene, butylene, butadiene, liquefied, and Petroleum gases and gaseous hydrocarbons nes, as gas.
Exports In 2020 the top exporters of Petroleum Gas were United States ($34.7B), Australia ($26.8B), Qatar ($22.2B), Russia ($19.7B), and Norway ($14.4B).
Imports In 2020 the top importers of Petroleum Gas were China ($36.6B), Japan ($31.4B), South Korea ($16.3B), India ($13.8B), and Italy ($10.6B).
Tariffs In 2018 the average tariff for Petroleum Gas was 3.72%, making it the 1064th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Petroleum Gas are Bermuda (25%), Jordan (23.3%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Madagascar (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).
Ranking Petroleum Gas ranks 1005th in the Product Complexity Index (PCI).
Description Petroleum gas is primarily used for heating, cooking, and hot water. Other gaseous hydrocarbons are used in the production of plastics, fertilizers, solvents, and other products.