HS Icon Natural gas in gaseous state

271121 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $99.5B, Rnk 17 / 4648

2019
Top Exporter | Top Importer
: $19.7B | $12.2B, Norway | Italy

2019
Product Complexity
: -1.72, Rnk 4572 / 4826

2018 - 2019
Export Growth (CAGR)
: -21.2%, Rnk 4234 / 4648

2018
Mean Tariff
: 2.93%, Rnk 5757 / 6538

 2019
Share of World Trade
: 0.55%, Rnk 17 / 4648

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.

Exporters and Importers

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Trade By Country

Top Origin (2019): Norway, $19.7B

Top Destination (2019): Italy, $12.2B

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).

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Market Dynamics

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Trade by country

Value

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).

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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 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.

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TOP NET EXPORTER (2019): Norway, $19.7B

TOP NET IMPORTER (2019): Italy, $12.1B

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 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).

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.