Petroleum Gas2711 (Harmonized System 1992 for 4-digit)
2019 World Trade: $300B, Rnk 9 / 1217
2019 Top Exporter | Top Importer: $44.2B | $47.8B, Qatar | China
2019 Product Complexity: -2.35, Rnk 950 / 961
2018 - 2019 Export Growth (CAGR): -9.51%, Rnk 951 / 1217
2018 Mean Tariff: 3.72%, Rnk 1064 / 1259
2019 Share of World Trade: 1.65%, Rnk 9 / 1217
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.
Petroleum Gas are a part of Mineral fuels, mineral oils and products of their distillation. They include Natural gas in gaseous state, Natural gas, liquefied, Propane, liquefied, Butanes, liquefied, Petroleum gases & gaseous hydrocarbons nes, liquefied, Ethylene, propylene, butylene, butadiene, liquefied, and Petroleum gases and gaseous hydrocarbons nes, as gas.
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 3.72%, making it the 1064th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Petroleum Gas are Bermuda (25%), Jordan (23.3%), Cayman Islands (22%), and Bhutan (19.6%). 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.
The following visualization shows the latest trends on Petroleum Gas. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using October 2021 exchange rates when trade data is reported in local currency.
Trade By Country
Petroleum Gas are the world's 9th most traded product.
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).
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).
Trade by country
Between 2018 and 2019, the exports of Petroleum Gas grew the fastest in Qatar ($8.17B), Australia ($2.88B), United States ($1.88B), Myanmar ($856M), and Azerbaijan ($838M).
Between 2018 and 2019, the fastest growing importers of Petroleum Gas were China ($1.78B), Norway ($1.52B), Bangladesh ($1.34B), Poland ($1.02B), and United Arab Emirates ($661M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Petroleum Gas.
In 2019, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Petroleum Gas are explained by 23 countries.
This map shows which countries export or import more of Petroleum Gas. Each country is colored based on the difference in exports and imports of Petroleum Gas during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Petroleum Gas were Qatar ($44.2B), Australia ($33.9B), Russia ($25.1B), United States ($22.5B), and Norway ($21.3B).
In 2019, the countries that had a largest trade value in imports than in exports of Petroleum Gas were China ($45.3B), Japan ($42.2B), South Korea ($21.4B), India ($16.1B), and Italy ($15.5B).
In 2019, the world most traded Petroleum Gas, disaggragated by their HS6 level were Natural gas, liquefied ($143B), Natural gas in gaseous state ($99.5B), Propane, liquefied ($31.6B), Butanes, liquefied ($16.4B), and Petroleum gases & gaseous hydrocarbons nes,... ($4.97B)
This visualization shows the countries that have an important ratio of their trade related to Petroleum Gas. It is possible to select the main countries that export or import Petroleum Gas in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Petroleum Gas was 3.72%. The countries with the highest tariffs for importing Petroleum Gas were Bermuda (25%), Jordan (23.3%), Cayman Islands (22%), and Bhutan (19.6%).
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.