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Liquefied natural gas (LNG): top exporters and importers (2024)

In 2024, world trade in liquefied natural gas (LNG) totaled $219.1 billion (379 million tonnes). The top exporters were Australia (22%), the United States (20%) and Qatar (17%); the top importers were China (20%), Japan (19%) and South Korea (13%). Compared with 2019, the value rose 45%.

Summary

World trade
$219.1billion
Tonnes
379million tonnes
Price per tonne
$577
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Australia$47.4 billion · 21.6%
    see destinations
  2. United States$43.1 billion · 19.7%
    see destinations
  3. Qatar$38.1 billion · 17.4%
    see destinations
  4. Russia$17.8 billion · 8.1%
    see destinations
  5. Malaysia$14.8 billion · 6.7%
    see destinations
  6. Oman$7.3 billion · 3.3%
    see destinations
  7. Indonesia$6.7 billion · 3.1%
    see destinations
  8. Nigeria$6.7 billion · 3.1%
    see destinations
  9. Papua New Guinea$5.4 billion · 2.5%
    see destinations
  10. Algeria$5 billion · 2.3%
    see destinations
  11. United Arab Emirates$3.3 billion · 1.5%
    see destinations
  12. Trinidad and Tobago$3 billion · 1.4%
    see destinations
  13. Brunei$2.9 billion · 1.3%
    see destinations
  14. Israel$2.8 billion · 1.3%
  15. Norway$2.3 billion · 1.1%
    see destinations
  16. Mozambique$2.3 billion · 1.1%
    see destinations
  17. Angola$2 billion · 0.94%
    see destinations
  18. Peru$1.7 billion · 0.78%
    see destinations
  19. Equatorial Guinea$1.6 billion · 0.73%
    see destinations
  20. Cameroon$727 million · 0.33%

Top importers

  1. China$43.6 billion · 19.9%
    see sources
  2. Japan$40.7 billion · 18.6%
    see sources
  3. South Korea$29.1 billion · 13.3%
    see sources
  4. India$14.8 billion · 6.8%
    see sources
  5. Taiwan$11.6 billion · 5.3%
    see sources
  6. France$10.9 billion · 5%
    see sources
  7. Netherlands$7.9 billion · 3.6%
    re-exports · see sources
  8. Thailand$6.4 billion · 2.9%
    see sources
  9. Spain$6 billion · 2.7%
    see sources
  10. Italy$5.3 billion · 2.4%
    see sources
  11. Egypt$4.6 billion · 2.1%
    see sources
  12. United Kingdom$4.1 billion · 1.9%
    see sources
  13. Pakistan$3.9 billion · 1.8%
    see sources
  14. Singapore$3.4 billion · 1.6%
    re-exports · see sources
  15. Belgium$2.9 billion · 1.3%
    re-exports · see sources
  16. Germany$2.2 billion · 1%
    see sources
  17. Brazil$2.2 billion · 1%
    see sources
  18. Malaysia$2.2 billion · 0.99%
    see sources
  19. Turkey$1.6 billion · 0.74%
    see sources
  20. Portugal$1.3 billion · 0.59%

Trend

Who sells it

Australia has been the top exporter since 2019

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

  • Australia 47.4
  • United States 43.1
  • Qatar 38.1
  • Russia 17.8
  • Malaysia 14.8

Source: CEPII BACI

Show the numbers
Country19952024
Australia1.347.4
United States0.2143.1
Qatar038.1
Russia< 0.0117.8
Malaysia1.614.8

Price

Implied price

The price per tonne rose 253% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $577

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$164
1996$171
1997$184
1998$149
1999$152
2000$222
2001$221
2002$207
2003$245
2004$275
2005$321
2006$376
2007$409
2008$573
2009$443
2010$453
2011$586
2012$691
2013$685
2014$690
2015$463
2016$145
2017$352
2018$471
2019$416
2020$225
2021$502
2022$960
2023$664
2024$577

What it includes

  • 271111 · subheading of heading 2711: Natural gas and LPG

Sources and methodology

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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