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271112 (Harmonized System 1992 for 6-digit)

2023
World Trade $78.2BRnk 36 / 4644
2023
Top Exporter | Top Importer $31.3B | $15.7BQatar | China
2023
Product Complexity -1.76Rnk 4421 / 4656
2022 - 2023
Export Growth (CAGR) 26.3%Rnk 183 / 4644
2023
Share of World Trade 0.35%Rnk 36 / 4644

About

Overview This page contains the latest trade data of Propane, liquefied. In 2023, Propane, liquefied were the world's 36th most traded product, with a total trade of $78.2B. Between 2022 and 2023 the exports of Propane, liquefied grew by 26.3%, from $61.9B to $78.2B. Trade in Propane, liquefied represent 0.35% of total world trade.

Propane, liquefied are a part of Petroleum Gas.

Exports In 2023 the top exporters of Propane, liquefied  were Qatar ($31.3B), United States ($24.2B), United Arab Emirates ($5.57B), Canada ($2.96B), and Saudi Arabia ($2.04B).

Imports In 2023 the top importers of Propane, liquefied were China ($15.7B), South Korea ($12.8B), India ($5.64B), Japan ($5.47B), and Italy ($4.62B).

Ranking Propane, liquefied ranks 4421st in the Product Complexity Index (PCI).

Description Propane is more commonly used as a fuel for gas grills, as a fuel source for propane camping stoves and heaters, and as a fuel for propane furnaces.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Propane, 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)Qatar$31.3B
Top Destination (2023)China$15.7B

In 2023 Propane, liquefied were the world's 36th most traded product (out of 4,644).

In 2023, the top exporters of Propane, liquefied were Qatar ($31.3B), United States ($24.2B), United Arab Emirates ($5.57B), Canada ($2.96B), and Saudi Arabia ($2.04B).

In 2023, the top importers of Propane, liquefied were China ($15.7B), South Korea ($12.8B), India ($5.64B), Japan ($5.47B), and Italy ($4.62B).

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Exporters of Propane, liquefied (2023)
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Importers of Propane, liquefied (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Qatar$26.4B
Top Destination Growth (2022 -  2023)South Korea$7.79B

Between 2022 and 2023, the exports of Propane, liquefied grew the fastest in Qatar ($26.4B), China ($56.5M), Malaysia ($38.3M), South Africa ($32.7M), and Thailand ($31.3M).

Between 2022 and 2023, the fastest growing importers of Propane, liquefied were South Korea ($7.79B), Pakistan ($3.2B), Italy ($2.94B), Belgium ($2.24B), and Bangladesh ($1.87B).

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Exporters of Propane, liquefied (2022 - 2023)

Importers of Propane, liquefied (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.74. This means that most of the exports of Propane, liquefied are explained by 6 countries.

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Value of Exports in Propane, liquefied

Net Trade

TOP NET EXPORTER (2023)Qatar$31.3B
TOP NET IMPORTER (2023)China$15.5B

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

In 2023, the countries that had a largest trade value in exports than in imports of Propane, liquefied were Qatar ($31.3B), United States ($22.4B), United Arab Emirates ($5.57B), Canada ($2.89B), and Saudi Arabia ($2.03B).

In 2023, the countries that had a largest trade value in imports than in exports of Propane, liquefied were China ($15.5B), South Korea ($12.8B), India ($5.62B), Japan ($5.46B), and Italy ($4.58B).

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 Propane, liquefied.
It is possible to select the main countries that export or import Propane, liquefied in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Propane, 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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