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Natural gas, liquefied

271111 (Harmonized System 1992 for 6-digit)

2023
World Trade $224BRnk 12 / 4644
2023
Top Exporter | Top Importer $46.2B | $46.1BAustralia | Japan
2023
Product Complexity -2.07Rnk 4541 / 4656
2022 - 2023
Export Growth (CAGR) -39.9%Rnk 4443 / 4644
2023
Share of World Trade 0.99%Rnk 12 / 4644

About

Overview This page contains the latest trade data of Natural gas, liquefied. In 2023, Natural gas, liquefied were the world's 12th most traded product, with a total trade of $224B. Between 2022 and 2023 the exports of Natural gas, liquefied decreased by -39.9%, from $372B to $224B. Trade in Natural gas, liquefied represent 0.99% of total world trade.

Natural gas, liquefied are a part of Petroleum Gas.

Exports In 2023 the top exporters of Natural gas, liquefied  were Australia ($46.2B), United States ($41.8B), Qatar ($37.3B), Russia ($18.7B), and Malaysia ($15.4B).

Imports In 2023 the top importers of Natural gas, liquefied were Japan ($46.1B), China ($44.4B), France ($14.1B), India ($13.2B), and Chinese Taipei ($12.5B).

Ranking Natural gas, liquefied ranks 4541st in the Product Complexity Index (PCI).

Description Natural gas is a fossil fuel and it is used for heating and cooking at homes, for providing hot water in homes and for all residential and commercial cooking. Natural gas is also used for electricity generation, and for manufacturing chemicals, plastics, fertilizers, and other products.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Natural gas, liquefied. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Australia$46.2B
Top Destination (2023)Japan$46.1B

In 2023 Natural gas, liquefied were the world's 12th most traded product (out of 4,644).

In 2023, the top exporters of Natural gas, liquefied were Australia ($46.2B), United States ($41.8B), Qatar ($37.3B), Russia ($18.7B), and Malaysia ($15.4B).

In 2023, the top importers of Natural gas, liquefied were Japan ($46.1B), China ($44.4B), France ($14.1B), India ($13.2B), and Chinese Taipei ($12.5B).

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Exporters of Natural gas, liquefied (2023)
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Importers of Natural gas, liquefied (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mozambique$1.37B
Top Destination Growth (2022 -  2023)Germany$1.51B

Between 2022 and 2023, the exports of Natural gas, liquefied grew the fastest in Mozambique ($1.37B), Algeria ($591M), Netherlands ($295M), Singapore ($200M), and Jamaica ($158M).

Between 2022 and 2023, the fastest growing importers of Natural gas, liquefied were Germany ($1.51B), Finland ($552M), Bangladesh ($473M), Philippines ($472M), and Gibraltar ($350M).

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Exporters of Natural gas, liquefied (2022 - 2023)

Importers of Natural gas, liquefied (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Natural gas, liquefied are explained by 12 countries.

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Value of Exports in Natural gas, liquefied

Net Trade

TOP NET EXPORTER (2023)Australia$46.2B
TOP NET IMPORTER (2023)China$43.4B

This map shows which countries export or import more of Natural gas, liquefied. Each country is colored based on the difference in exports and imports of Natural gas, liquefied during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Natural gas, liquefied were Australia ($46.2B), United States ($40.3B), Qatar ($37.3B), Russia ($18.7B), and Malaysia ($13.8B).

In 2023, the countries that had a largest trade value in imports than in exports of Natural gas, liquefied were China ($43.4B), France ($14.1B), India ($13.2B), Chinese Taipei ($12.5B), and Spain ($9.57B).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Natural gas, liquefied.
It is possible to select the main countries that export or import Natural gas, liquefied in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Natural gas, liquefied by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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