HS Icon Natural gas in gaseous state

271121 (Harmonized System 1992 for 6-digit)

World Trade (2018): $127B, Rnk 12 / 4726

Top Exporter (2018): $32.6B, Norway

Top Importer (2018): $15B, Italy

Product Complexity (2018): -1.48, Rnk 4445 / 4873

Export Growth (CAGR)(2017 - 2018): 18.7%, Rnk 1492 / 4726

Mean Tariff (2018): 2.93%, Rnk 5757 / 6538

Share of World Trade (2018): 0.69%, Rnk 12 / 4726

Overview:  This page contains the latest trade data of Natural gas in gaseous state. In 2018, Natural gas in gaseous state were the world's 12th most traded product, with a total trade of $127B. Between 2017 and 2018 the exports of Natural gas in gaseous state grew by 18.7%, from  $107B to $127B. Trade in Natural gas in gaseous state represent 0.69% of total world trade.

Exports: In 2018 the top exporters of Natural gas in gaseous state  were Norway ($32.6B), Russia ($19.5B), Belgium-Luxembourg ($8.65B), Algeria ($7.4B), and Canada ($7.38B).

Imports: In 2018 the top importers of Natural gas in gaseous state were Italy ($15B), Germany ($13.2B), France ($12.9B), United Kingdom ($11.6B), and Belgium-Luxembourg ($11B).

Tariffs: In 2018 the average tariff for Natural gas in gaseous state was 2.93%, been the 5757 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Natural gas in gaseous state are Bermuda (25%), Tanzania (23.6%), Rwanda (23.5%), Uganda (23.5%), and Kenya (23.4%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), South Africa (0%), and Armenia (0%).

Ranking: Natural gas in gaseous state ranks 4445th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Norway, $32.6B

Top Destination (2018): Italy, $15B

Natural gas in gaseous state are the world's 12th most traded product.

In 2018, the top exporters of Natural gas in gaseous state were Norway ($32.6B), Russia ($19.5B), Belgium-Luxembourg ($8.65B), Algeria ($7.4B), and Canada ($7.38B).

In 2018, the top importers of Natural gas in gaseous state were Italy ($15B), Germany ($13.2B), France ($12.9B), United Kingdom ($11.6B), and Belgium-Luxembourg ($11B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Norway, $8.48B

Top Destination Growth (2017 - 2018): Germany, $3.32B

Between 2017 and 2018, the exports of Natural gas in gaseous state grew the fastest in Norway ($8.48B), Russia ($5.07B), Burma ($2.11B), Uzbekistan ($1.73B), and Turkmenistan ($1.31B).

Between 2017 and 2018, the fastest growing importers of Natural gas in gaseous state were Germany ($3.32B), Italy ($3.06B), China ($2.84B), Belgium-Luxembourg ($2.45B), and Thailand ($2.15B).

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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 in gaseous state.

In 2018,  market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Natural gas in gaseous state are explained by 14 countries.

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TOP NET EXPORTER (2018): Norway, $32.6B

TOP NET IMPORTER (2018): Italy, $14.9B

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

In 2018, the countries that had a largest trade value in exports than in imports of Natural gas in gaseous state were Norway ($32.6B), Russia ($18.8B), Algeria ($7.4B), Turkmenistan ($7.23B), and Canada ($5.29B).

In 2018, the countries that had a largest trade value in imports than in exports of Natural gas in gaseous state were Italy ($14.9B), France ($11.1B), China ($9.32B), United Kingdom ($9.27B), and Germany ($7.78B).

Trade Forecasts

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This section shows forecasts for total trade for Natural gas in gaseous state. 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 in gaseous state was 2.93%.  The countries with the highest tariffs for importing Natural gas in gaseous state were Bermuda (25%), Tanzania (23.6%), Rwanda (23.5%), Uganda (23.5%), and Kenya (23.4%).

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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.