2022
Exports
$67.3BWorld Rnk 4 / 160
Flag Rnk 3 / 1208
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$246MWorld Rnk 77 / 222
Flag Rnk 194 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $67.3B in Petroleum Gas, making it the 4th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in Australia. The main destination of Petroleum Gas exports from Australia are: Japan ($24.8B), China ($14.2B), South Korea ($13.3B), Chinese Taipei ($9.42B), and Singapore ($1.81B).

The fastest growing export markets for Petroleum Gas of Australia between 2021 and 2022 were Japan ($11.9B), South Korea ($8.21B), and Chinese Taipei ($5.47B).

Imports In 2022, Australia imported $246M in Petroleum Gas, becoming the 77th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 194th most imported product in Australia. Australia imports Petroleum Gas primarily from: United States ($213M), South Korea ($11.9M), Malaysia ($6.66M), China ($5.24M), and Papua New Guinea ($5.17M).

The fastest growing import markets in Petroleum Gas for Australia between 2021 and 2022 were Malaysia ($3.84M), China ($3.38M), and Papua New Guinea ($1.26M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Petroleum Gas. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$67.3B
IMPORTS (2022)$246M
NET TRADE (2022)$67.1B

In 2022, Australia exported $67.3B in Petroleum Gas. The main destinations of Australia exports on Petroleum Gas were Japan ($24.8B), China ($14.2B), South Korea ($13.3B), Chinese Taipei ($9.42B), and Singapore ($1.81B).

In 2022, Australia imported $246M in Petroleum Gas, mainly from United States ($213M), South Korea ($11.9M), Malaysia ($6.66M), China ($5.24M), and Papua New Guinea ($5.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Japan$11.9B (92.5%)
South Korea$8.21B (162%)
Chinese Taipei$5.47B (138%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Australia WERE (2021 - 2022):
China-$838M (-5.55%)
Indonesia-$71.3M (-56.4%)
Spain-$54.6M (-78.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Petroleum Gas were:
In 2022, Australia's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $599M
TOP IMPORT POTENTIALUnited States+ $43.4M

Petroleum Gas’s highest export potential is India. With an export gap of $599M.   Petroleum Gas’s highest import potential is United States with an import gap of $43.4M.

See methodology.

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