Natural gas, liquefied
271111 (Harmonized System 1992 for 6-digit)
Overview: This page contains the latest trade data of Natural gas, liquefied. In 2019, Natural gas, liquefied were the world's 11th most traded product, with a total trade of $143B. Between 2018 and 2019 the exports of Natural gas, liquefied grew by 6.84%, from $134B to $143B. Trade in Natural gas, liquefied represent 0.79% of total world trade.
Exports: In 2019 the top exporters of Natural gas, liquefied were Qatar ($39.7B), Australia ($33.4B), Malaysia ($10.4B), United States ($9.76B), and Russia ($8.15B).
Imports: In 2019 the top importers of Natural gas, liquefied were Japan ($36.7B), China ($27.3B), South Korea ($19.4B), India ($10.3B), and Chinese Taipei ($6.75B).
Tariffs: In 2018 the average tariff for Natural gas, liquefied was 3.92%, making it the 5054th 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 4805th in the Product Complexity Index (PCI).
Description: Natural gas is a fossil fuel and it is used for heating and cooking at homes, for providing hot water in homes and for all residential and commercial cooking. Natural gas is also used for electricity generation, and for manufacturing chemicals, plastics, fertilizers, and other products.
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
Natural gas, liquefied are the world's 11th most traded product.
In 2019, the top exporters of Natural gas, liquefied were Qatar ($39.7B), Australia ($33.4B), Malaysia ($10.4B), United States ($9.76B), and Russia ($8.15B).
In 2019, the top importers of Natural gas, liquefied were Japan ($36.7B), China ($27.3B), South Korea ($19.4B), India ($10.3B), and Chinese Taipei ($6.75B).
Market Dynamics
#permalink to sectionTrade by country
Between 2018 and 2019, the exports of Natural gas, liquefied grew the fastest in Qatar ($9.09B), United States ($3.06B), Australia ($2.91B), Russia ($2.7B), and Egypt ($712M).
Between 2018 and 2019, the fastest growing importers of Natural gas, liquefied were China ($3.99B), Norway ($1.6B), United Kingdom ($1.39B), Bangladesh ($1.35B), and Poland ($1.05B).
Market Concentration
#permalink to sectionCumulative market share
This chart shows the evolution of the market concentration of exports of Natural gas, liquefied.
In 2019, market concentration measured using Shannon Entropy, was 3.44. This means that most of the exports of Natural gas, liquefied are explained by 10 countries.
Net Trade
#permalink to sectionThis 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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Natural gas, liquefied were Qatar ($39.7B), Australia ($33.4B), Malaysia ($9.15B), United States ($8.88B), and Russia ($8.15B).
In 2019, the countries that had a largest trade value in imports than in exports of Natural gas, liquefied were Japan ($36.7B), China ($27.3B), South Korea ($19.4B), India ($10.2B), and Chinese Taipei ($6.75B).
Tariffs
#permalink to sectionImport Tariffs
#permalink to sectionIn 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%).
Product 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.
