HS Icon Propane, liquefied

271112 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Propane, liquefied. In 2019, Propane, liquefied were the world's 77th most traded product, with a total trade of $31.6B. Between 2018 and 2019 the exports of Propane, liquefied decreased by -20.2%, from $39.6B to $31.6B. Trade in Propane, liquefied represent 0.17% of total world trade.

Exports In 2019 the top exporters of Propane, liquefied  were United States ($12.5B), Qatar ($2.81B), United Arab Emirates ($2.58B), Canada ($1.8B), and Saudi Arabia ($1.56B).

Imports In 2019 the top importers of Propane, liquefied were China ($6.09B), Japan ($4.62B), India ($2.97B), Mexico ($1.8B), and South Korea ($1.71B).

Tariffs In 2018 the average tariff for Propane, liquefied was 4.72%, making it the 4360th 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 4628th in the Product Complexity Index (PCI).

Description Propane is more commonly used as a fuel for gas grills, as a fuel source for propane camping stoves and heaters, and as a fuel for propane furnaces.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): United States, $12.5B

Top Destination (2019): China, $6.09B

Propane, liquefied are the world's 77th most traded product.

In 2019, the top exporters of Propane, liquefied were United States ($12.5B), Qatar ($2.81B), United Arab Emirates ($2.58B), Canada ($1.8B), and Saudi Arabia ($1.56B).

In 2019, the top importers of Propane, liquefied were China ($6.09B), Japan ($4.62B), India ($2.97B), Mexico ($1.8B), and South Korea ($1.71B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Oman, $567M

Top Destination Growth (2018 - 2019): Dominica, $30.4M

Between 2018 and 2019, the exports of Propane, liquefied grew the fastest in Oman ($567M), Angola ($165M), Sweden ($59.4M), Indonesia ($56.2M), and Estonia ($40.9M).

Between 2018 and 2019, the fastest growing importers of Propane, liquefied were Dominica ($30.4M), Togo ($28.6M), Estonia ($28.5M), Philippines ($27.7M), and Morocco ($14.3M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Propane, liquefied.

In 2019,  market concentration measured using Shannon Entropy, was 3.61. This means that most of the exports of Propane, liquefied are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2019): United States, $11.1B

TOP NET IMPORTER (2019): China, $5.85B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Propane, liquefied were United States ($11.1B), Qatar ($2.81B), United Arab Emirates ($2.57B), Canada ($1.74B), and Saudi Arabia ($1.56B).

In 2019, the countries that had a largest trade value in imports than in exports of Propane, liquefied were China ($5.85B), Japan ($4.59B), India ($2.97B), Mexico ($1.8B), and South Korea ($1.51B).

Import Tariffs

#permalink to section

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%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Specialization

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.