Petroleum Gas2711 (Harmonized System 1992 for 4-digit)
World Trade (2018): $299B, Rnk 9 / 1225
Top Exporter (2018): $37.2B, Norway
Top Importer (2018): $44.2B, China
Product Complexity (2018): -2.37, Rnk 1010 / 1018
Export Growth (CAGR)(2017 - 2018): 16.1%, Rnk 467 / 1225
Mean Tariff (2018): 3.79%, Rnk 1039 / 1259
Share of World Trade (2018): 1.63%, Rnk 9 / 1225
Overview: This page contains the latest trade data of Petroleum Gas. In 2018, Petroleum Gas were the world's 9th most traded product, with a total trade of $299B. Between 2017 and 2018 the exports of Petroleum Gas grew by 16.1%, from $257B to $299B. Trade in Petroleum Gas represent 1.63% of total world trade.
Exports: In 2018 the top exporters of Petroleum Gas were Norway ($37.2B), Qatar ($31B), United States ($30.2B), Russia ($27.4B), and Australia ($17.6B).
Imports: In 2018 the top importers of Petroleum Gas were China ($44.2B), South Korea ($23B), Japan ($19.3B), Italy ($18.2B), and France ($17.3B).
Tariffs: In 2018 the average tariff for Petroleum Gas was 3.79%, been the 1039 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 1010th in the Product Complexity Index (PCI).
Trade By Country
Petroleum Gas are the world's 9th most traded product.
In 2018, the top exporters of Petroleum Gas were Norway ($37.2B), Qatar ($31B), United States ($30.2B), Russia ($27.4B), and Australia ($17.6B).
In 2018, the top importers of Petroleum Gas were China ($44.2B), South Korea ($23B), Japan ($19.3B), Italy ($18.2B), and France ($17.3B).
Trade by country
Between 2017 and 2018, the exports of Petroleum Gas grew the fastest in Norway ($9.52B), Russia ($7.64B), United States ($5.72B), Qatar ($5.49B), and Nigeria ($2.14B).
Between 2017 and 2018, the fastest growing importers of Petroleum Gas were China ($13.4B), South Korea ($5.75B), Chinese Taipei ($5.09B), India ($4.72B), and Thailand ($4.72B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Petroleum Gas.
In 2018, market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Petroleum Gas are explained by 26 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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Petroleum Gas were Norway ($37B), Qatar ($31B), Russia ($26.6B), United States ($19.2B), and Australia ($17B).
In 2018, the countries that had a largest trade value in imports than in exports of Petroleum Gas were China ($42.2B), South Korea ($22.4B), Japan ($19.1B), Italy ($17.8B), and India ($16.6B).
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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