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Petroleum gases & gaseous hydrocarbons nes, liquefied

271119 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.13BRnk 455 / 4644
2023
Top Exporter | Top Importer $1.15B | $2.09BUnited States | Turkey
2023
Product Complexity -1.44Rnk 4225 / 4656
2022 - 2023
Export Growth (CAGR) -18.8%Rnk 3597 / 4644
2023
Share of World Trade 0.036%Rnk 455 / 4644

About

Overview This page contains the latest trade data of Petroleum gases & gaseous hydrocarbons nes, liquefied. In 2023, Petroleum gases & gaseous hydrocarbons nes, liquefied were the world's 455th most traded product, with a total trade of $8.13B. Between 2022 and 2023 the exports of Petroleum gases & gaseous hydrocarbons nes, liquefied decreased by -18.8%, from $10B to $8.13B. Trade in Petroleum gases & gaseous hydrocarbons nes, liquefied represent 0.036% of total world trade.

Petroleum gases & gaseous hydrocarbons nes, liquefied are a part of Petroleum Gas.

Exports In 2023 the top exporters of Petroleum gases & gaseous hydrocarbons nes, liquefied  were United States ($1.15B), Algeria ($1.01B), Russia ($975M), Iraq ($454M), and Iran ($447M).

Imports In 2023 the top importers of Petroleum gases & gaseous hydrocarbons nes, liquefied were Turkey ($2.09B), Pakistan ($661M), Poland ($546M), Philippines ($454M), and Nepal ($383M).

Ranking Petroleum gases & gaseous hydrocarbons nes, liquefied ranks 4225th in the Product Complexity Index (PCI).

Description Petroleum gases and gaseous hydrocarbons are used as fuels in turbines and heaters. They are also used in many industrial processes, such as the production of plastics and styrofoam.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Petroleum gases & gaseous hydrocarbons nes, 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)United States$1.15B
Top Destination (2023)Turkey$2.09B

In 2023 Petroleum gases & gaseous hydrocarbons nes, liquefied were the world's 455th most traded product (out of 4,644).

In 2023, the top exporters of Petroleum gases & gaseous hydrocarbons nes, liquefied were United States ($1.15B), Algeria ($1.01B), Russia ($975M), Iraq ($454M), and Iran ($447M).

In 2023, the top importers of Petroleum gases & gaseous hydrocarbons nes, liquefied were Turkey ($2.09B), Pakistan ($661M), Poland ($546M), Philippines ($454M), and Nepal ($383M).

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Exporters of Petroleum gases & gaseous hydrocarbons nes, liquefied (2023)
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Importers of Petroleum gases & gaseous hydrocarbons nes, liquefied (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Nigeria$182M
Top Destination Growth (2022 -  2023)Jordan$163M

Between 2022 and 2023, the exports of Petroleum gases & gaseous hydrocarbons nes, liquefied grew the fastest in Nigeria ($182M), Russia ($82.1M), Iraq ($72.7M), Poland ($49M), and Kazakhstan ($43.4M).

Between 2022 and 2023, the fastest growing importers of Petroleum gases & gaseous hydrocarbons nes, liquefied were Jordan ($163M), Ukraine ($142M), United States ($47.5M), Sweden ($35.5M), and Latvia ($27.1M).

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Exporters of Petroleum gases & gaseous hydrocarbons nes, liquefied (2022 - 2023)

Importers of Petroleum gases & gaseous hydrocarbons nes, liquefied (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Petroleum gases & gaseous hydrocarbons nes, liquefied.

In 2023, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Petroleum gases & gaseous hydrocarbons nes, liquefied are explained by 23 countries.

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Value of Exports in Petroleum gases & gaseous hydrocarbons nes, liquefied

Net Trade

TOP NET EXPORTER (2023)United States$1.06B
TOP NET IMPORTER (2023)Turkey$1.77B

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

In 2023, the countries that had a largest trade value in exports than in imports of Petroleum gases & gaseous hydrocarbons nes, liquefied were United States ($1.06B), Algeria ($1.01B), Russia ($971M), Iraq ($451M), and Iran ($447M).

In 2023, the countries that had a largest trade value in imports than in exports of Petroleum gases & gaseous hydrocarbons nes, liquefied were Turkey ($1.77B), Philippines ($440M), Poland ($434M), Sri Lanka ($250M), and Ukraine ($236M).

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 & gaseous hydrocarbons nes, liquefied.
It is possible to select the main countries that export or import Petroleum gases & gaseous hydrocarbons nes, liquefied in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Petroleum gases & gaseous hydrocarbons nes, 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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