HS Icon Petroleum gases and gaseous hydrocarbons nes, as gas

271129 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Petroleum gases and gaseous hydrocarbons nes, as gas. In 2020, Petroleum gases and gaseous hydrocarbons nes, as gas were the world's 2010th most traded product, with a total trade of $907M. Between 2019 and 2020 the exports of Petroleum gases and gaseous hydrocarbons nes, as gas decreased by -56%, from $2.06B to $907M. Trade in Petroleum gases and gaseous hydrocarbons nes, as gas represent 0.0054% of total world trade.

Petroleum gases and gaseous hydrocarbons nes, as gas are a part of Petroleum Gas.

Exports In 2020 the top exporters of Petroleum gases and gaseous hydrocarbons nes, as gas  were Nigeria ($484M), Malaysia ($314M), United States ($22.2M), Netherlands ($16.8M), and Belgium ($9.48M).

Imports In 2020 the top importers of Petroleum gases and gaseous hydrocarbons nes, as gas were Singapore ($315M), United States ($179M), China ($147M), Belgium ($138M), and South Africa ($48.2M).

Tariffs In 2018 the average tariff for Petroleum gases and gaseous hydrocarbons nes, as gas was 3.49%, making it the 5488th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Petroleum gases and gaseous hydrocarbons nes, as gas are Bermuda (25%), Burundi (24.5%), Rwanda (24.5%), and Uganda (24.5%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), Hong Kong (0%), and Lebanon (0%).

Ranking Petroleum gases and gaseous hydrocarbons nes, as gas ranks 4709th in the Product Complexity Index (PCI).

Description Petroleum gases and gaseous hydrocarbons are used in a variety of ways. They are used as fuel in the production of electricity and heat, and as a feedstock for the chemical industry. They are also used as raw materials to produce plastics, fabrics, and other materials.

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The following visualization shows the latest trends on Petroleum gases and gaseous hydrocarbons nes, as 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): Nigeria, $484M

Top Destination (2020): Singapore, $315M

Petroleum gases and gaseous hydrocarbons nes, as gas are the world's 2010th most traded product.

In 2020, the top exporters of Petroleum gases and gaseous hydrocarbons nes, as gas were Nigeria ($484M), Malaysia ($314M), United States ($22.2M), Netherlands ($16.8M), and Belgium ($9.48M).

In 2020, the top importers of Petroleum gases and gaseous hydrocarbons nes, as gas were Singapore ($315M), United States ($179M), China ($147M), Belgium ($138M), and South Africa ($48.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Nigeria, $184M

Top Destination Growth (2019 - 2020): United States, $174M

Between 2019 and 2020, the exports of Petroleum gases and gaseous hydrocarbons nes, as gas grew the fastest in Nigeria ($184M), Netherlands ($11.9M), Norway ($8.51M), Greece ($7.32M), and Belgium ($7.08M).

Between 2019 and 2020, the fastest growing importers of Petroleum gases and gaseous hydrocarbons nes, as gas were United States ($174M), China ($116M), South Africa ($13.8M), Brazil ($12.2M), and Germany ($10.2M).

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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 gases and gaseous hydrocarbons nes, as gas.

In 2020,  market concentration measured using Shannon Entropy, was 1.87. This means that most of the exports of Petroleum gases and gaseous hydrocarbons nes, as gas are explained by 3 countries.

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TOP NET EXPORTER (2020): Nigeria, $483M

TOP NET IMPORTER (2020): Singapore, $315M

This map shows which countries export or import more of Petroleum gases and gaseous hydrocarbons nes, as gas. Each country is colored based on the difference in exports and imports of Petroleum gases and gaseous hydrocarbons nes, as gas during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Petroleum gases and gaseous hydrocarbons nes, as gas were Nigeria ($483M), Malaysia ($314M), Netherlands ($12.1M), Norway ($8.07M), and Greece ($7.17M).

In 2020, the countries that had a largest trade value in imports than in exports of Petroleum gases and gaseous hydrocarbons nes, as gas were Singapore ($315M), United States ($156M), China ($144M), Belgium ($129M), and South Africa ($46M).

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Petroleum gases and gaseous hydrocarbons nes, as gas.
It is possible to select the main countries that export or import Petroleum gases and gaseous hydrocarbons nes, as gas in the world, or by continent, as well as select the measure of interest.

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.