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Petroleum gases and other gaseous hydrocarbons

2711 (Harmonized System 1992 for 4-digit)

2022
World Trade $827BRnk 4 / 1218
2022
Top Exporter | Top Importer $154B | $98BNorway | Germany
2022
Product Complexity -2.03Rnk 1007 / 1033
2021 - 2022
Export Growth (CAGR) 80.5%Rnk 16 / 1218
2022
Share of World Trade 3.49%Rnk 4 / 1218

About

Overview This page contains the latest trade data of Petroleum Gas. In 2022, Petroleum Gas were the world's 4th most traded product, with a total trade of $827B. Between 2021 and 2022 the exports of Petroleum Gas grew by 80.5%, from $458B to $827B. Trade in Petroleum Gas represent 3.49% of total world trade.

Petroleum Gas are a part of Mineral fuels, mineral oils and products of their distillation. They include Gaseous Natural Gas, Liquefied Natural Gas, Propane, liquefied, Butanes, liquefied, Liquefied Petroleum Gases (n.e.s.), Ethylene, propylene, butylene, butadiene, liquefied, and Petroleum gases and gaseous hydrocarbons nes, as gas.

Exports In 2022 the top exporters of Petroleum Gas  were Norway ($154B), United States ($116B), Russia ($71.5B), Australia ($67.3B), and Qatar ($66.9B).

Imports In 2022 the top importers of Petroleum Gas were Germany ($98B), China ($72.7B), Italy ($67.6B), Japan ($64.2B), and France ($61.9B).

Ranking Petroleum Gas ranks 1007th 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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Norway$154B
Top Destination (2022)Germany$98B

In 2022 Petroleum Gas were the world's 4th most traded product (out of 1,218).

In 2022, the top exporters of Petroleum Gas were Norway ($154B), United States ($116B), Russia ($71.5B), Australia ($67.3B), and Qatar ($66.9B).

In 2022, the top importers of Petroleum Gas were Germany ($98B), China ($72.7B), Italy ($67.6B), Japan ($64.2B), and France ($61.9B).

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Exporters of Petroleum Gas (2022)
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Importers of Petroleum Gas (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Norway$87.1B
Top Destination Growth (2021 -  2022)Germany$64.4B

Between 2021 and 2022, the exports of Petroleum Gas grew the fastest in Norway ($87.1B), United States ($43.8B), Belgium ($40.7B), Russia ($35.5B), and Australia ($27.5B).

Between 2021 and 2022, the fastest growing importers of Petroleum Gas were Germany ($64.4B), Italy ($39.7B), France ($37.6B), United Kingdom ($27.2B), and Netherlands ($25B).

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Exporters of Petroleum Gas (2021 - 2022)

Importers of Petroleum Gas (2021 - 2022)

Market Concentration

Value

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

In 2022, 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 (2022)Norway$154B
TOP NET IMPORTER (2022)Germany$90.8B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Petroleum Gas were Norway ($154B), United States ($91.5B), Russia ($71.3B), Australia ($67.1B), and Qatar ($66.9B).

In 2022, the countries that had a largest trade value in imports than in exports of Petroleum Gas were Germany ($90.8B), China ($68.4B), Italy ($65.6B), Japan ($64.1B), and South Korea ($46.4B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Petroleum Gas, disaggragated by their HS6 level were Gaseous Natural Gas ($401B), Liquefied Natural Gas ($325B), Propane, liquefied ($57.3B), Butanes, liquefied ($31.3B), and Liquefied Petroleum Gases (n.e.s.) ($8.9B)

HS6 Disaggregation for Petroleum Gas (2022)
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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.

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNetherlands+ $1.17B
TOP IMPORT POTENTIALRussia+ $46M

Petroleum Gas’s highest export potential is Netherlands. With an export gap of $1.17B.  Petroleum Gas’s highest import potential is Russia with an import gap of $46M.

See methodology.

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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 (2022)

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 (2022)

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