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2023
Exports $83.2BWorld Rnk 1 / 163
Flag Rnk 3 / 1217
2023
Destination $5.65B China
2022 - 2023
FASTEST GROWING MARKET $5.65BChina
2023
PRODUCT COMPLEXITY IN Petroleum Gas-2.01Rnk 998 / 1025
2023
Imports $16.5BWorld Rnk 11 / 220
Flag Rnk 31 / 1215
2023
Origin $813M Canada
2022 - 2023
FASTEST GROWING ORIGIN $813MNigeria
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $83.2B in Petroleum Gas, making it the 1st largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in United States. The main destination of Petroleum Gas exports from United States are: China ($10.3B), Mexico ($8.87B), Japan ($7.39B), France ($5.74B), and Netherlands ($5.68B).

The fastest growing export markets for Petroleum Gas of United States between 2022 and 2023 were China ($5.65B), Germany ($1.67B), and Italy ($1.24B).

Imports In 2023, United States imported $16.5B in Petroleum Gas, becoming the 11th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 31st most imported product in United States. United States imports Petroleum Gas primarily from: Canada ($14.3B), Nigeria ($920M), Trinidad and Tobago ($539M), Jamaica ($237M), and Spain ($182M).

The fastest growing import markets in Petroleum Gas for United States between 2022 and 2023 were Nigeria ($813M), Jamaica ($183M), and Angola ($61.1M).

COMPANIES In 2023, leading companies such as Mystic Apparel (3), David's Bridal (1), and Michael Kors (1) were at the forefront of shipping Petroleum Gas to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Petroleum Gas exports accounted up to $5.73B and imports accounted up to $626M, resulting in a positive trade balance of $5.1B. Between November 2023 and November 2024 the exports of United States'   Petroleum Gas have decreased by $-66.6M (-1.15%) from $5.8B to $5.73B, while imports decreased by $-368M (-37%) from $994M to $626M.

Destinations In November 2024, Petroleum Gas were exported mostly to Japan ($888M), China ($633M), Mexico ($514M), Turkey ($398M), and Netherlands ($379M), and were imported mostly from Canada ($541M), Trinidad and Tobago ($41.6M), Nigeria ($24.7M), Equatorial Guinea ($14.4M), and Mexico ($2.05M).

Growth In November 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Spain ($-251M or -44.5%), Singapore ($-188M or -99.6%), and Turkey ($-115M or -23.5%). In November 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Canada ($-904M or -34.7%), Trinidad and Tobago ($-111M or -55.9%), and Norway ($-10.4M or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-66.6M(-1.15%)
IMPORT GROWTH (November 2023 - November 2024)$-368M(-37%)
MAIN EXPORTER (November 2024)Texas$3.41B
MAIN DESTINATION (November 2024)Japan$888M

This section shows Petroleum Gas's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$83.2B
IMPORTS (2023)$16.5B
NET TRADE (2023)$66.7B

In 2023, United States exported $83.2B in Petroleum Gas. The main destinations of United States exports on Petroleum Gas were China ($10.3B), Mexico ($8.87B), Japan ($7.39B), France ($5.74B), and Netherlands ($5.68B).

In 2023, United States imported $16.5B in Petroleum Gas, mainly from Canada ($14.3B), Nigeria ($920M), Trinidad and Tobago ($539M), Jamaica ($237M), and Spain ($182M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR United States WERE (2022 - 2023):
China$5.65B (123%)
Germany$1.67B (394%)
Italy$1.24B (89.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY United States WERE (2022 - 2023):
United Kingdom-$9.62B (-72.1%)
Mexico-$7.51B (-45.9%)
South Korea-$7.43B (-63.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Petroleum Gas were:
Qatar $71.1B
Norway $70.8B
In 2023, United States's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.64B
TOP IMPORT POTENTIALCanada+ $1.74B

Petroleum Gas’s highest export potential is China. With an export gap of $2.64B.   Petroleum Gas’s highest import potential is Canada with an import gap of $1.74B.

See methodology.

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