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Petroleum gases and other gaseous hydrocarbons

2711 (Harmonized System 1992 for 4-digit)

2023
World Trade $565BRnk 7 / 1217
2023
Top Exporter | Top Importer $83.2B | $83.7BUnited States | China
2023
Product Complexity -1.88Rnk 1002 / 1044
2022 - 2023
Export Growth (CAGR) -36.9%Rnk 1185 / 1217
2023
Share of World Trade 2.5%Rnk 7 / 1217

About

Overview This page contains the latest trade data of Petroleum Gas. In 2023, Petroleum Gas were the world's 7th most traded product, with a total trade of $565B. Between 2022 and 2023 the exports of Petroleum Gas decreased by -36.9%, from $896B to $565B. Trade in Petroleum Gas represent 2.5% of total world trade.

Petroleum Gas are a part of Mineral fuels, mineral oils and products of their distillation. They include Gaseous Natural Gas, Liquefied Natural Gas, Propane, liquefied, Butanes, liquefied, Liquefied Petroleum Gases (n.e.s.), Ethylene, propylene, butylene, butadiene, liquefied, and Petroleum gases and gaseous hydrocarbons nes, as gas.

Exports In 2023 the top exporters of Petroleum Gas  were United States ($83.2B), Qatar ($71.1B), Norway ($70.8B), Australia ($47.8B), and Russia ($39B).

Imports In 2023 the top importers of Petroleum Gas were China ($83.7B), Japan ($52.5B), France ($45.4B), Italy ($43.4B), and Germany ($39.3B).

Ranking Petroleum Gas ranks 1002nd in the Product Complexity Index (PCI).

Description Petroleum gas is primarily used for heating, cooking, and hot water. Other gaseous hydrocarbons are used in the production of plastics, fertilizers, solvents, and other products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Petroleum Gas. 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)United States$83.2B
Top Destination (2023)China$83.7B

In 2023 Petroleum Gas were the world's 7th most traded product (out of 1,217).

In 2023, the top exporters of Petroleum Gas were United States ($83.2B), Qatar ($71.1B), Norway ($70.8B), Australia ($47.8B), and Russia ($39B).

In 2023, the top importers of Petroleum Gas were China ($83.7B), Japan ($52.5B), France ($45.4B), Italy ($43.4B), and Germany ($39.3B).

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Exporters of Petroleum Gas (2023)
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Importers of Petroleum Gas (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mozambique$1.34B
Top Destination Growth (2022 -  2023)Denmark$6.13B

Between 2022 and 2023, the exports of Petroleum Gas grew the fastest in Mozambique ($1.34B), Finland ($269M), Turkmenistan ($188M), Jamaica ($159M), and Poland ($97.7M).

Between 2022 and 2023, the fastest growing importers of Petroleum Gas were Denmark ($6.13B), Pakistan ($2.34B), Bangladesh ($2.22B), Kuwait ($1.8B), and Uzbekistan ($414M).

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Exporters of Petroleum Gas (2022 - 2023)

Importers of Petroleum Gas (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Petroleum Gas.

In 2023, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Petroleum Gas are explained by 21 countries.

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Value of Exports in Petroleum Gas

Net Trade

TOP NET EXPORTER (2023)Qatar$71.1B
TOP NET IMPORTER (2023)China$79.9B

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

In 2023, the countries that had a largest trade value in exports than in imports of Petroleum Gas were Qatar ($71.1B), Norway ($70.7B), United States ($66.7B), Australia ($47.6B), and Russia ($38.7B).

In 2023, the countries that had a largest trade value in imports than in exports of Petroleum Gas were China ($79.9B), Japan ($52.4B), Italy ($42.1B), Germany ($37.4B), and France ($32.4B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Petroleum Gas, disaggragated by their HS6 level were Gaseous Natural Gas ($226B), Liquefied Natural Gas ($224B), Propane, liquefied ($78.2B), Butanes, liquefied ($24.9B), and Liquefied Petroleum Gases (n.e.s.) ($8.13B)

HS6 Disaggregation for Petroleum Gas (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Petroleum Gas by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNetherlands+ $1.17B
TOP IMPORT POTENTIALRussia+ $46M

Petroleum Gas’s highest export potential is Netherlands. With an export gap of $1.17B.  Petroleum Gas’s highest import potential is Russia with an import gap of $46M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Petroleum Gas.

Country by Relatedness

The following visualization shows the relatedness of Petroleum Gas to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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