Natural gas in gaseous state271121 (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): -1.58, Rnk 2484 / 2722
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%, 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 2484th 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.
Trade By Country
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).
Trade by country
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).
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.
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).
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.
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