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Natural gas and LPG: top exporters and importers (2024)

In 2024, world trade in natural gas and LPG totaled $491.1 billion (870.3 million tonnes). The top exporters were the United States (18%), Norway (11%) and Australia (10%); the top importers were China (18%), Japan (10%) and South Korea (7%). Compared with 2019, the value rose 50%.

Summary

World trade
$491.1billion
Tonnes
870.3million tonnes
Price per tonne
$560
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. United States$88.4 billion · 18%
  2. Norway$54.2 billion · 11%
  3. Australia$49 billion · 10%
  4. Qatar$44.6 billion · 9.1%
  5. Russia$40.6 billion · 8.3%
  6. Belgium$22.5 billion · 4.6%
    re-exports
  7. Algeria$21.7 billion · 4.4%
  8. Malaysia$17.2 billion · 3.5%
  9. United Arab Emirates$14.6 billion · 3%
  10. Nigeria$10.8 billion · 2.2%
  11. Turkmenistan$10.7 billion · 2.2%
  12. Canada$10.6 billion · 2.2%
  13. Oman$9.6 billion · 2%
  14. France$9.5 billion · 1.9%
  15. Indonesia$8.3 billion · 1.7%
  16. Azerbaijan$7.7 billion · 1.6%
  17. United Kingdom$6.6 billion · 1.3%
  18. Papua New Guinea$5.4 billion · 1.1%
  19. Saudi Arabia$4.5 billion · 0.91%
  20. Kuwait$3.7 billion · 0.76%

Top importers

  1. China$88.3 billion · 18%
  2. Japan$46.9 billion · 9.6%
  3. South Korea$34.7 billion · 7.1%
  4. France$32.1 billion · 6.5%
  5. India$30.8 billion · 6.3%
  6. Italy$29.2 billion · 5.9%
  7. Germany$26.2 billion · 5.3%
  8. Netherlands$18.5 billion · 3.8%
    re-exports
  9. United Kingdom$17.1 billion · 3.5%
  10. Belgium$16.3 billion · 3.3%
    re-exports
  11. Taiwan$12.5 billion · 2.6%
  12. Spain$10.8 billion · 2.2%
  13. United States$10.3 billion · 2.1%
  14. Thailand$9.3 billion · 1.9%
  15. Mexico$7.4 billion · 1.5%
  16. Singapore$7.2 billion · 1.5%
    re-exports
  17. Turkey$6.4 billion · 1.3%
  18. Egypt$6.2 billion · 1.3%
  19. Pakistan$4.9 billion · 1%
  20. Brazil$4.5 billion · 0.91%

Trend

Who sells it

The United States has been the top exporter since 2023

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

  • United States 88.4
  • Norway 54.2
  • Australia 49
  • Qatar 44.6
  • Russia 40.6

Source: CEPII BACI

Show the numbers
Country19952024
United States0.8688.4
Norway3.154.2
Australia1.449
Qatar0.1944.6
Russia4.740.6

Price

Implied price

The price per tonne rose 268% since 1995

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

  • 2024: $560

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$152
1996$130
1997$150
1998$115
1999$90
2000$192
2001$214
2002$168
2003$205
2004$224
2005$250
2006$293
2007$288
2008$396
2009$421
2010$448
2011$539
2012$610
2013$593
2014$592
2015$396
2016$199
2017$341
2018$432
2019$363
2020$238
2021$475
2022$1,028
2023$642
2024$560

What it includes

  • 2711 · Natural gas and LPG

Products in the same chapter

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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