Overview: This page contains the latest trade data of Petroleum Gas. In 2019, Petroleum Gas were the world's 9th most traded product, with a total trade of $300B. Between 2018 and 2019 the exports of Petroleum Gas decreased by -9.51%, from $331B to $300B. Trade in Petroleum Gas represent 1.65% of total world trade.
Exports: In 2019 the top exporters of Petroleum Gas were Qatar ($44.2B), Australia ($34.1B), United States ($32.3B), Russia ($26.3B), and Norway ($23B).
Imports: In 2019 the top importers of Petroleum Gas were China ($47.8B), Japan ($42.3B), South Korea ($21.8B), India ($16.4B), and Italy ($15.8B).
Tariffs: In 2018 the average tariff for Petroleum Gas was 3.79%, making it the 1039th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Petroleum Gas are Bermuda (25%), Jordan (23.3%), Iran (19.5%), Nepal (15%), and Zambia (13.6%). The countries with the lowest tariffs are Madagascar (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).
Ranking: Petroleum Gas ranks 950th in the Product Complexity Index (PCI).
Description: Petroleum gas is primarily used for heating, cooking, and hot water. Other gaseous hydrocarbons are used in the production of plastics, fertilizers, solvents, and other products.