HS Icon Natural gas, liquefied

271111 (Harmonized System 1992 for 6-digit)

World Trade (2018): $107B, Rnk 16 / 4726

Top Exporter (2018): $26.1B, Qatar

Top Importer (2018): $23.2B, China

Product Complexity (2018): -2.35, Rnk 4831 / 4873

Export Growth (CAGR)(2017 - 2018): 12.3%, Rnk 2324 / 4726

Mean Tariff (2018): 3.92%, Rnk 5054 / 6538

Share of World Trade (2018): 0.58%, Rnk 16 / 4726

Overview:  This page contains the latest trade data of Natural gas, liquefied. In 2018, Natural gas, liquefied were the world's 16th most traded product, with a total trade of $107B. Between 2017 and 2018 the exports of Natural gas, liquefied grew by 12.3%, from  $95.2B to $107B. Trade in Natural gas, liquefied represent 0.58% of total world trade.

Exports: In 2018 the top exporters of Natural gas, liquefied  were Qatar ($26.1B), Australia ($16.9B), Malaysia ($10.5B), Nigeria ($7.5B), and Indonesia ($7.1B).

Imports: In 2018 the top importers of Natural gas, liquefied were China ($23.2B), South Korea ($20B), Japan ($14.8B), India ($9.58B), and Chinese Taipei ($6.92B).

Tariffs: In 2018 the average tariff for Natural gas, liquefied was 3.92%, been the 5054 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Natural gas, liquefied are Bermuda (25%), Jordan (23.3%), Iran (19.5%), Nepal (15%), and Azerbaijan (14.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Natural gas, liquefied ranks 4831st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Qatar, $26.1B

Top Destination (2018): China, $23.2B

Natural gas, liquefied are the world's 16th most traded product.

In 2018, the top exporters of Natural gas, liquefied were Qatar ($26.1B), Australia ($16.9B), Malaysia ($10.5B), Nigeria ($7.5B), and Indonesia ($7.1B).

In 2018, the top importers of Natural gas, liquefied were China ($23.2B), South Korea ($20B), Japan ($14.8B), India ($9.58B), and Chinese Taipei ($6.92B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Qatar, $4.64B

Top Destination Growth (2017 - 2018): China, $8.95B

Between 2017 and 2018, the exports of Natural gas, liquefied grew the fastest in Qatar ($4.64B), United States ($2.66B), Russia ($2.07B), Nigeria ($1.9B), and Trinidad and Tobago ($1.12B).

Between 2017 and 2018, the fastest growing importers of Natural gas, liquefied were China ($8.95B), South Korea ($5.59B), Chinese Taipei ($4.2B), India ($2.96B), and Thailand ($2.16B).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Natural gas, liquefied are explained by 13 countries.

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TOP NET EXPORTER (2018): Qatar, $26.1B

TOP NET IMPORTER (2018): China, $23.2B

This map shows which countries export or import more of Natural gas, liquefied. Each country is colored based on the difference in exports and imports of Natural gas, liquefied during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Natural gas, liquefied were Qatar ($26.1B), Australia ($16.6B), Malaysia ($9.85B), Nigeria ($7.5B), and Indonesia ($7.1B).

In 2018, the countries that had a largest trade value in imports than in exports of Natural gas, liquefied were China ($23.2B), South Korea ($20B), Japan ($14.8B), India ($9.54B), and Chinese Taipei ($6.92B).

Trade Forecasts

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This section shows forecasts for total trade for Natural gas, liquefied. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Natural gas, liquefied was 3.92%.  The countries with the highest tariffs for importing Natural gas, liquefied were Bermuda (25%), Jordan (23.3%), Iran (19.5%), Nepal (15%), and Azerbaijan (14.4%).

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Product Complexity

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Diversification Frontier

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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.