Overview: This page contains the latest trade data of Propane, liquefied. In 2018, Propane, liquefied were the world's 63rd most traded product, with a total trade of $36.8B. Between 2017 and 2018 the exports of Propane, liquefied grew by 22%, from $30.1B to $36.8B. Trade in Propane, liquefied represent 0.2% of total world trade.
Imports: In 2018 the top importers of Propane, liquefiedwere China ($6.92B), Japan ($4B), India ($3.11B), Mexico ($2.18B), and South Korea ($2.03B).
Tariffs: In 2018 the average tariff for Propane, liquefied was 4.72%, been the 4360 lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Propane, liquefied are Bermuda (25%), Jordan (23.3%), Iran (19.5%), Nepal (15%), and Algeria (14.6%). The countries with the lowest tariffs are Kenya (0%), Madagascar (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Propane, liquefied ranks 2568th in the Product Complexity Index (PCI).
Between 2017 and 2018, the fastest growing importers of Propane, liquefied were India ($1.24B), Netherlands ($754M), China ($747M), Chinese Taipei ($669M), and Mexico ($455M).
This chart shows the evolution of the market concentration of exports of Propane, liquefied.
In 2018, market concentration measured using Shannon Entropy, was 3.52. This means that most of the exports of Propane, liquefied are explained by 11 countries.
This map shows which countries export or import more of Propane, liquefied. Each country is colored based on the difference in exports and imports of Propane, liquefied during 2018.
In 2018, the countries that had a largest trade value in imports than in exports of Propane, liquefied were China ($6.66B), Japan ($3.95B), India ($3.09B), South Korea ($1.83B), and Indonesia ($1.27B).
In 2018, the average tariff for importing Propane, liquefied was 4.72%. The countries with the highest tariffs for importing Propane, liquefied were Bermuda (25%), Jordan (23.3%), Iran (19.5%), Nepal (15%), and Algeria (14.6%).
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.