HS Icon Propane, liquefied

271112 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Propane, liquefied. In 2020, Propane, liquefied were the world's 80th most traded product, with a total trade of $27.4B. Between 2019 and 2020 the exports of Propane, liquefied decreased by -13%, from $31.5B to $27.4B. Trade in Propane, liquefied represent 0.16% of total world trade.

Propane, liquefied are a part of Petroleum Gas.

Exports In 2020 the top exporters of Propane, liquefied  were United States ($11.7B), Qatar ($2.46B), United Arab Emirates ($2.26B), Canada ($1.38B), and Saudi Arabia ($1.02B).

Imports In 2020 the top importers of Propane, liquefied were China ($5.27B), Japan ($3.81B), India ($3.04B), Mexico ($1.6B), and South Korea ($1.51B).

Tariffs In 2018 the average tariff for Propane, liquefied was 4.55%, making it the 4567th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Propane, liquefied are Bermuda (25%), Jordan (23.3%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Kenya (0%), Madagascar (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Propane, liquefied ranks 4506th in the Product Complexity Index (PCI).

Description Propane is more commonly used as a fuel for gas grills, as a fuel source for propane camping stoves and heaters, and as a fuel for propane furnaces.

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The following visualization shows the latest trends on Propane, 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, $11.7B

Top Destination (2020): China, $5.27B

Propane, liquefied are the world's 80th most traded product.

In 2020, the top exporters of Propane, liquefied were United States ($11.7B), Qatar ($2.46B), United Arab Emirates ($2.26B), Canada ($1.38B), and Saudi Arabia ($1.02B).

In 2020, the top importers of Propane, liquefied were China ($5.27B), Japan ($3.81B), India ($3.04B), Mexico ($1.6B), and South Korea ($1.51B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Australia, $301M

Top Destination Growth (2019 - 2020): Ukraine, $157M

Between 2019 and 2020, the exports of Propane, liquefied grew the fastest in Australia ($301M), Angola ($198M), Bulgaria ($135M), Chile ($22.1M), and Belarus ($20.8M).

Between 2019 and 2020, the fastest growing importers of Propane, liquefied were Ukraine ($157M), Indonesia ($92.7M), India ($61.3M), United Kingdom ($52.4M), and El Salvador ($47.5M).

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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 Propane, liquefied.

In 2020,  market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Propane, liquefied are explained by 11 countries.

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TOP NET EXPORTER (2020): United States, $10.6B

TOP NET IMPORTER (2020): China, $5.09B

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

In 2020, the countries that had a largest trade value in exports than in imports of Propane, liquefied were United States ($10.6B), Qatar ($2.46B), United Arab Emirates ($2.24B), Canada ($1.31B), and Kuwait ($1.02B).

In 2020, the countries that had a largest trade value in imports than in exports of Propane, liquefied were China ($5.09B), Japan ($3.81B), India ($3.04B), Mexico ($1.6B), and South Korea ($1.32B).

Disaggregation

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Value

In 2019, the world most traded Propane, liquefied, disaggragated by their HS6 level were Propane, liquefied ($27.4B)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Propane, liquefied.
It is possible to select the main countries that export or import Propane, liquefied 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 Propane, liquefied was 4.55%. The countries with the highest tariffs for importing Propane, liquefied 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.