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271112 (Harmonized System 1992 for 6-digit)

2022
World Trade $57.3BRnk 52 / 4648
2022
Top Exporter | Top Importer $25.7B | $10.2BUnited States | China
2022
Product Complexity -1.9Rnk 4482 / 4653
2021 - 2022
Export Growth (CAGR) -17.7%Rnk 4269 / 4648
2022
Share of World Trade 0.24%Rnk 52 / 4648

About

Overview This page contains the latest trade data of Propane, liquefied. In 2022, Propane, liquefied were the world's 52nd most traded product, with a total trade of $57.3B. Between 2021 and 2022 the exports of Propane, liquefied decreased by -17.7%, from $69.7B to $57.3B. Trade in Propane, liquefied represent 0.24% of total world trade.

Propane, liquefied are a part of Petroleum Gas.

Exports In 2022 the top exporters of Propane, liquefied  were United States ($25.7B), United Arab Emirates ($5.69B), Qatar ($4.59B), Canada ($3.98B), and Saudi Arabia ($2.44B).

Imports In 2022 the top importers of Propane, liquefied were China ($10.2B), Japan ($8.34B), India ($6.79B), South Korea ($3.62B), and Mexico ($3.12B).

Ranking Propane, liquefied ranks 4482nd 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.

Latest Trends

Latest Data

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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.

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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)United States$25.7B
Top Destination (2022)China$10.2B

In 2022 Propane, liquefied were the world's 52nd most traded product (out of 4,648).

In 2022, the top exporters of Propane, liquefied were United States ($25.7B), United Arab Emirates ($5.69B), Qatar ($4.59B), Canada ($3.98B), and Saudi Arabia ($2.44B).

In 2022, the top importers of Propane, liquefied were China ($10.2B), Japan ($8.34B), India ($6.79B), South Korea ($3.62B), and Mexico ($3.12B).

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Exporters of Propane, liquefied (2022)
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Importers of Propane, liquefied (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$4.93B
Top Destination Growth (2021 -  2022)South Korea$1.64B

Between 2021 and 2022, the exports of Propane, liquefied grew the fastest in United States ($4.93B), United Arab Emirates ($1.75B), Saudi Arabia ($783M), Canada ($770M), and Oman ($459M).

Between 2021 and 2022, the fastest growing importers of Propane, liquefied were South Korea ($1.64B), Japan ($1.38B), India ($1.14B), Sweden ($390M), and United States ($320M).

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Exporters of Propane, liquefied (2021 - 2022)

Importers of Propane, liquefied (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Propane, liquefied.

In 2022, market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Propane, liquefied are explained by 9 countries.

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Value of Exports in Propane, liquefied

Net Trade

TOP NET EXPORTER (2022)United States$23.4B
TOP NET IMPORTER (2022)China$9.96B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Propane, liquefied were United States ($23.4B), United Arab Emirates ($5.68B), Qatar ($4.59B), Canada ($3.87B), and Saudi Arabia ($2.44B).

In 2022, the countries that had a largest trade value in imports than in exports of Propane, liquefied were China ($9.96B), Japan ($8.32B), India ($6.78B), South Korea ($3.58B), and Mexico ($3.12B).

Net Trade (2022)

Country Comparison

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Ranking

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.

Top 10 Exporters Countries of Propane, liquefied 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 (2022)

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