Natural gas in gaseous state
271121 (Harmonized System 1992 for 6-digit)
Overview: This page contains the latest trade data of Natural gas in gaseous state. In 2019, Natural gas in gaseous state were the world's 17th most traded product, with a total trade of $99.5B. Between 2018 and 2019 the exports of Natural gas in gaseous state decreased by -21.2%, from $126B to $99.5B. Trade in Natural gas in gaseous state represent 0.55% of total world trade.
Exports: In 2019 the top exporters of Natural gas in gaseous state were Norway ($19.7B), Russia ($16.4B), Turkmenistan ($7.59B), Canada ($6.72B), and United States ($6.26B).
Imports: In 2019 the top importers of Natural gas in gaseous state were Italy ($12.2B), China ($11.8B), Germany ($8.62B), France ($7.86B), and United States ($6.73B).
Tariffs: In 2018 the average tariff for Natural gas in gaseous state was 2.93%, making it the 5757th 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 4572nd in the Product Complexity Index (PCI).
Description: Natural gas is mainly used for heating and cooking. It is also used for generating electricity and by the chemical industry.
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
Natural gas in gaseous state are the world's 17th most traded product.
In 2019, the top exporters of Natural gas in gaseous state were Norway ($19.7B), Russia ($16.4B), Turkmenistan ($7.59B), Canada ($6.72B), and United States ($6.26B).
In 2019, the top importers of Natural gas in gaseous state were Italy ($12.2B), China ($11.8B), Germany ($8.62B), France ($7.86B), and United States ($6.73B).
Market Dynamics
#permalink to sectionTrade by country
Top Origin Growth (2018 - 2019): United States, $941M
Top Destination Growth (2018 - 2019): China, $1.5B
Between 2018 and 2019, the exports of Natural gas in gaseous state grew the fastest in United States ($941M), Azerbaijan ($842M), France ($770M), Myanmar ($651M), and Kazakhstan ($533M).
Between 2018 and 2019, the fastest growing importers of Natural gas in gaseous state were China ($1.5B), Mexico ($863M), Turkey ($778M), Russia ($383M), and Chile ($296M).
Market Concentration
#permalink to sectionCumulative market share
This chart shows the evolution of the market concentration of exports of Natural gas in gaseous state.
In 2019, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Natural gas in gaseous state are explained by 16 countries.
Net Trade
#permalink to sectionThis 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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Natural gas in gaseous state were Norway ($19.7B), Russia ($15.2B), Turkmenistan ($7.59B), Algeria ($4.81B), and Canada ($4.56B).
In 2019, the countries that had a largest trade value in imports than in exports of Natural gas in gaseous state were Italy ($12.1B), China ($10.5B), Germany ($6B), France ($5.3B), and Mexico ($4.08B).
Tariffs
#permalink to sectionProduct Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
