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Who buys Australia’s liquefied natural gas (LNG)? Export destinations 2024

In 2024, Australia exported $47.4 billion of liquefied natural gas (LNG) (78.7 million tonnes), 21.6% of the world total. Its main destinations were Japan (34%), China (32%) and South Korea (15%). Australia was the world’s largest exporter of liquefied natural gas (LNG).

Summary

Value
$47.4billion
Tonnes
78.7million tonnes
Share of world total
21.6%
World rank
1st
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 14 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Japan16Tonnes: 25,139,840USD per tonne: $63533.7%Sea
China15Tonnes: 26,181,930USD per tonne: $57231.6%Sea
South Korea7.2Tonnes: 11,402,131USD per tonne: $62815.1%Sea
Taiwan4.7Tonnes: 7,977,530USD per tonne: $5899.9%Sea
Malaysia1.8Tonnes: 2,589,140USD per tonne: $7013.8%Sea
Singapore re-exports1.2Tonnes: 2,673,060USD per tonne: $4532.6%Sea
Thailand1.1Tonnes: 1,989,887USD per tonne: $5752.4%Sea
Philippines0.3Tonnes: 467,858USD per tonne: $6390.63%Sea
Hong Kong re-exports0.07Tonnes: 139,762USD per tonne: $5040.15%Sea
India0.06Tonnes: 122,867USD per tonne: $5010.13%Sea
United Kingdom0.01Tonnes: 9,198USD per tonne: $6110.01%Sea
El Salvador< 0.01Tonnes: 9,245USD per tonne: $5380.01%Sea
New Zealand< 0.01Tonnes: 1USD per tonne: $18,7050%Sea
Georgia< 0.01Tonnes: —USD per tonne: —0%Sea

Trend

Who it sells to

Japan has been its main destination since 2022

Value in USD billions. The five largest destinations in 2024.

  • Japan 16
  • China 15
  • South Korea 7.2
  • Taiwan 4.7
  • Malaysia 1.8

Source: CEPII BACI

Show the numbers
Partner19952024
Japan1.216
China015
South Korea0.027.2
Taiwan04.7
Malaysia01.8

Sources and methodology

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Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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