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Petroleum gases and other gaseous hydrocarbons

2711 (Harmonized System 1992 for 4-digit)

2021
World Trade $438BRnk 6 / 1217
2021
Top Exporter | Top Importer $70.9B | $56.6BUnited States | China
2021
Product Complexity -2.07Rnk 1001 / 1024
2020 - 2021
Export Growth (CAGR) 98.4%Rnk 10 / 1217
2018
Mean Tariff 3.72%Rnk 1064 / 1259
2021
Share of World Trade 2.08%Rnk 6 / 1217

About

Overview This page contains the latest trade data of Petroleum Gas. In 2021, Petroleum Gas were the world's 6th most traded product, with a total trade of $438B. Between 2020 and 2021 the exports of Petroleum Gas grew by 98.4%, from $221B to $438B. Trade in Petroleum Gas represent 2.08% 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 2021 the top exporters of Petroleum Gas  were United States ($70.9B), Norway ($57.7B), Qatar ($57.2B), Australia ($39.2B), and Russia ($37.7B).

Imports In 2021 the top importers of Petroleum Gas were China ($56.6B), Japan ($40.2B), Italy ($30.5B), Germany ($29.1B), and United Kingdom ($26.8B).

Tariffs In 2018 the average tariff for Petroleum Gas was 3.72%, making it the 1064th lowest tariff using the HS4 product classification.

Ranking Petroleum Gas ranks 1001st 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.

Latest Trends

Latest Data

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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

Exporters and Importers

Trade By Country

Top Origin (2021)United States$70.9B
Top Destination (2021)China$56.6B

In 2021 Petroleum Gas were the world's 6th most traded product (out of 1,217).

In 2021, the top exporters of Petroleum Gas were United States ($70.9B), Norway ($57.7B), Qatar ($57.2B), Australia ($39.2B), and Russia ($37.7B).

In 2021, the top importers of Petroleum Gas were China ($56.6B), Japan ($40.2B), Italy ($30.5B), Germany ($29.1B), and United Kingdom ($26.8B).

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Exporters of Petroleum Gas (2021)
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Importers of Petroleum Gas (2021)
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Market Dynamics

Trade by country

Color
Top Origin Growth (2020 -  2021)Norway$42.5B
Top Destination Growth (2020 -  2021)Germany$22.8B

Between 2020 and 2021, the exports of Petroleum Gas grew the fastest in Norway ($42.5B), United States ($36B), Qatar ($34.9B), Russia ($17.6B), and Australia ($12.4B).

Between 2020 and 2021, the fastest growing importers of Petroleum Gas were Germany ($22.8B), United Kingdom ($20.8B), Italy ($18.6B), China ($17.4B), and France ($14.2B).

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Exporters of Petroleum Gas (2020 - 2021)

Importers of Petroleum Gas (2020 - 2021)

Market Concentration

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Petroleum Gas.

In 2021, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Petroleum Gas are explained by 20 countries.

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Value of Exports in Petroleum Gas

Net Trade

TOP NET EXPORTER (2021)Norway$57.4B
TOP NET IMPORTER (2021)China$54.7B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Petroleum Gas were Norway ($57.4B), Qatar ($57.2B), United States ($56.5B), Australia ($38.9B), and Russia ($37.5B).

In 2021, the countries that had a largest trade value in imports than in exports of Petroleum Gas were China ($54.7B), Japan ($40B), Italy ($29.9B), Germany ($24.4B), and South Korea ($23.8B).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Petroleum Gas, disaggragated by their HS6 level were Natural gas in gaseous state ($173B), Natural gas, liquefied ($162B), Propane, liquefied ($67.5B), Butanes, liquefied ($24.7B), and Petroleum gases & gaseous hydrocarbons nes,... ($7.06B)

HS6 Disaggregation for Petroleum Gas (2021)
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Country Comparison

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Measure
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.

Top 10 Exporters Countries of Petroleum Gas by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2021)

Related Products

This visualization shows products that are likely to be exported by countries that export Petroleum Gas.

Country by Relatedness

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.

Relative Relatedness by Country (2021)

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