HS Icon Petroleum gases & gaseous hydrocarbons nes, liquefied

271119 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Petroleum gases & gaseous hydrocarbons nes, liquefied. In 2020, Petroleum gases & gaseous hydrocarbons nes, liquefied were the world's 634th most traded product, with a total trade of $4.61B. Between 2019 and 2020 the exports of Petroleum gases & gaseous hydrocarbons nes, liquefied decreased by -12.3%, from $5.25B to $4.61B. Trade in Petroleum gases & gaseous hydrocarbons nes, liquefied represent 0.028% of total world trade.

Petroleum gases & gaseous hydrocarbons nes, liquefied are a part of Petroleum Gas.

Exports In 2020 the top exporters of Petroleum gases & gaseous hydrocarbons nes, liquefied  were United States ($876M), Algeria ($369M), Oman ($287M), China ($266M), and Brunei ($237M).

Imports In 2020 the top importers of Petroleum gases & gaseous hydrocarbons nes, liquefied were Turkey ($1.03B), Vietnam ($365M), Mexico ($363M), Pakistan ($340M), and Philippines ($281M).

Tariffs In 2018 the average tariff for Petroleum gases & gaseous hydrocarbons nes, liquefied was 3.5%, making it the 5482nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Petroleum gases & gaseous hydrocarbons nes, liquefied are Bermuda (25%), Jordan (23.3%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking Petroleum gases & gaseous hydrocarbons nes, liquefied ranks 4505th in the Product Complexity Index (PCI).

Description Petroleum gases and gaseous hydrocarbons are used as fuels in turbines and heaters. They are also used in many industrial processes, such as the production of plastics and styrofoam.

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The following visualization shows the latest trends on Petroleum gases & gaseous hydrocarbons nes, liquefied. 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, $876M

Top Destination (2020): Turkey, $1.03B

Petroleum gases & gaseous hydrocarbons nes, liquefied are the world's 634th most traded product.

In 2020, the top exporters of Petroleum gases & gaseous hydrocarbons nes, liquefied were United States ($876M), Algeria ($369M), Oman ($287M), China ($266M), and Brunei ($237M).

In 2020, the top importers of Petroleum gases & gaseous hydrocarbons nes, liquefied were Turkey ($1.03B), Vietnam ($365M), Mexico ($363M), Pakistan ($340M), and Philippines ($281M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): United States, $210M

Top Destination Growth (2019 - 2020): Mexico, $133M

Between 2019 and 2020, the exports of Petroleum gases & gaseous hydrocarbons nes, liquefied grew the fastest in United States ($210M), Brunei ($205M), Kazakhstan ($63.4M), Guinea ($40.1M), and Indonesia ($39.4M).

Between 2019 and 2020, the fastest growing importers of Petroleum gases & gaseous hydrocarbons nes, liquefied were Mexico ($133M), Pakistan ($73.6M), Malaysia ($49.1M), Nigeria ($41.3M), and Bangladesh ($35.8M).

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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 & gaseous hydrocarbons nes, liquefied.

In 2020,  market concentration measured using Shannon Entropy, was 4.68. This means that most of the exports of Petroleum gases & gaseous hydrocarbons nes, liquefied are explained by 25 countries.

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TOP NET EXPORTER (2020): United States, $776M

TOP NET IMPORTER (2020): Turkey, $912M

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

In 2020, the countries that had a largest trade value in exports than in imports of Petroleum gases & gaseous hydrocarbons nes, liquefied were United States ($776M), Algeria ($369M), Oman ($287M), Brunei ($237M), and Indonesia ($201M).

In 2020, the countries that had a largest trade value in imports than in exports of Petroleum gases & gaseous hydrocarbons nes, liquefied were Turkey ($912M), Mexico ($363M), Philippines ($278M), Vietnam ($250M), and Sri Lanka ($146M).

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Petroleum gases & gaseous hydrocarbons nes, liquefied.
It is possible to select the main countries that export or import Petroleum gases & gaseous hydrocarbons nes, liquefied 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.