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271129 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.11BRnk 1384 / 4644
2023
Top Exporter | Top Importer $1.25B | $1.25BAlgeria | Tunisia
2023
Product Complexity -3.17Rnk 4650 / 4656
2022 - 2023
Export Growth (CAGR) 24.1%Rnk 211 / 4644
2023
Share of World Trade 0.0093%Rnk 1384 / 4644

About

Overview This page contains the latest trade data of Petroleum gases and gaseous hydrocarbons nes, as gas. In 2023, Petroleum gases and gaseous hydrocarbons nes, as gas were the world's 1384th most traded product, with a total trade of $2.11B. Between 2022 and 2023 the exports of Petroleum gases and gaseous hydrocarbons nes, as gas grew by 24.1%, from $1.7B to $2.11B. Trade in Petroleum gases and gaseous hydrocarbons nes, as gas represent 0.0093% of total world trade.

Petroleum gases and gaseous hydrocarbons nes, as gas are a part of Petroleum Gas.

Exports In 2023 the top exporters of Petroleum gases and gaseous hydrocarbons nes, as gas  were Algeria ($1.25B), Nigeria ($695M), Italy ($80.7M), United States ($11.5M), and South Korea ($9.55M).

Imports In 2023 the top importers of Petroleum gases and gaseous hydrocarbons nes, as gas were Tunisia ($1.25B), United States ($405M), South Korea ($132M), Belgium ($121M), and South Africa ($51M).

Ranking Petroleum gases and gaseous hydrocarbons nes, as gas ranks 4650th in the Product Complexity Index (PCI).

Description Petroleum gases and gaseous hydrocarbons are used in a variety of ways. They are used as fuel in the production of electricity and heat, and as a feedstock for the chemical industry. They are also used as raw materials to produce plastics, fabrics, and other materials.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Petroleum gases and gaseous hydrocarbons nes, as 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)Algeria$1.25B
Top Destination (2023)Tunisia$1.25B

In 2023 Petroleum gases and gaseous hydrocarbons nes, as gas were the world's 1384th most traded product (out of 4,644).

In 2023, the top exporters of Petroleum gases and gaseous hydrocarbons nes, as gas were Algeria ($1.25B), Nigeria ($695M), Italy ($80.7M), United States ($11.5M), and South Korea ($9.55M).

In 2023, the top importers of Petroleum gases and gaseous hydrocarbons nes, as gas were Tunisia ($1.25B), United States ($405M), South Korea ($132M), Belgium ($121M), and South Africa ($51M).

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Exporters of Petroleum gases and gaseous hydrocarbons nes, as gas (2023)
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Importers of Petroleum gases and gaseous hydrocarbons nes, as gas (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Nigeria$397M
Top Destination Growth (2022 -  2023)United States$278M

Between 2022 and 2023, the exports of Petroleum gases and gaseous hydrocarbons nes, as gas grew the fastest in Nigeria ($397M), Algeria ($82.4M), Italy ($32.2M), Oman ($7.2M), and Egypt ($3.52M).

Between 2022 and 2023, the fastest growing importers of Petroleum gases and gaseous hydrocarbons nes, as gas were United States ($278M), South Korea ($130M), Tunisia ($99.9M), Malaysia ($30.1M), and Netherlands ($14.1M).

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Exporters of Petroleum gases and gaseous hydrocarbons nes, as gas (2022 - 2023)

Importers of Petroleum gases and gaseous hydrocarbons nes, as gas (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Petroleum gases and gaseous hydrocarbons nes, as gas.

In 2023, market concentration measured using Shannon Entropy, was 1.51. This means that most of the exports of Petroleum gases and gaseous hydrocarbons nes, as gas are explained by 2 countries.

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Value of Exports in Petroleum gases and gaseous hydrocarbons nes, as gas

Net Trade

TOP NET EXPORTER (2023)Algeria$1.25B
TOP NET IMPORTER (2023)Tunisia$1.25B

This map shows which countries export or import more of Petroleum gases and gaseous hydrocarbons nes, as gas. Each country is colored based on the difference in exports and imports of Petroleum gases and gaseous hydrocarbons nes, as gas during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Petroleum gases and gaseous hydrocarbons nes, as gas were Algeria ($1.25B), Nigeria ($694M), Italy ($78.3M), Oman ($7.17M), and Equatorial Guinea ($6.39M).

In 2023, the countries that had a largest trade value in imports than in exports of Petroleum gases and gaseous hydrocarbons nes, as gas were Tunisia ($1.25B), United States ($393M), South Korea ($122M), Belgium ($117M), and South Africa ($50.3M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Petroleum gases and gaseous hydrocarbons nes, as gas 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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