HS Icon Petroleum Gas

2711 (Harmonized System 1992 for 4-digit)

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.

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The following visualization shows the latest trends on Petroleum Gas. 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): United States, $34.7B

Top Destination (2020): China, $36.6B

Petroleum Gas are the world's 12th most traded product.

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).

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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): United States, $2.01B

Top Destination Growth (2019 - 2020): Denmark, $392M

Between 2019 and 2020, the exports of Petroleum Gas grew the fastest in United States ($2.01B), Bulgaria ($166M), Chile ($44.3M), Republic of the Congo ($34.2M), and Brazil ($23.6M).

Between 2019 and 2020, the fastest growing importers of Petroleum Gas were Denmark ($392M), Hong Kong ($329M), Tanzania ($103M), Myanmar ($92.4M), and Finland ($77.6M).

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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 Petroleum Gas.

In 2020,  market concentration measured using Shannon Entropy, was 4.54. This means that most of the exports of Petroleum Gas are explained by 23 countries.

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TOP NET EXPORTER (2020): United States, $27.3B

TOP NET IMPORTER (2020): China, $34.2B

This map shows which countries export or import more of Petroleum Gas. Each country is colored based on the difference in exports and imports of Petroleum Gas during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Petroleum Gas were United States ($27.3B), Australia ($26.7B), Qatar ($22.2B), Russia ($19.5B), and Norway ($14.2B).

In 2020, the countries that had a largest trade value in imports than in exports of Petroleum Gas were China ($34.2B), Japan ($31.3B), South Korea ($15.9B), India ($13.5B), and Italy ($10.5B).

Disaggregation

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Value

In 2019, the world most traded Petroleum Gas, disaggragated by their HS6 level were Natural gas, liquefied ($99.6B), Natural gas in gaseous state ($68.9B), Propane, liquefied ($27.4B), Butanes, liquefied ($14.5B), and Petroleum gases & gaseous hydrocarbons nes,... ($4.61B)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Petroleum Gas.
It is possible to select the main countries that export or import Petroleum Gas 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 Petroleum Gas was 3.72%. The countries with the highest tariffs for importing Petroleum Gas 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.

Country by Relatedness

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The following visualization shows the relatedness of Petroleum Gas to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.