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.
Top Destination Growth (2017 - 2018): China, $13.4B
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).
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).
In 2018, the average tariff for importing Petroleum Gas was 3.79%. The countries with the highest tariffs for importing Petroleum Gas were Bermuda (25%), Jordan (23.3%), Iran (19.5%), Nepal (15%), and Zambia (13.6%).
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.