The overall value of petroleum gas exports increased by an average 87.1% for all exporting countries since five years earlier in 2019 when petroleum gas shipments were valued at $261.2 billion.
Year over year, worldwide petroleum gas exports shrank by -39.5% compared to $807 billion starting from 2022.
The 5 biggest exporters of petroleum gas in 2023 (United States of America, Norway, Australia, Qatar and Russia) sold over half (55.5%) of globally exported petroleum gas as measured by dollar value.
Approaching one quarter (23.3%) of worldwide petroleum gas exports were supplied by member countries of the Organization of the Petroleum Exporting Countries compared to roughly one-fifth (20.2%) during 2022. OPEC is an intergovernmental entity comprised of 13 countries.
Shifting to a continental perspective, countries in Europe sold the highest dollar worth of exported petroleum gas during 2023 with shipments valued at $151.6 billion or 31% of the global total. In second place for 2023 were Asian exporters (including those in the Middle East) collecting a 29.9% share. Shippers in North America supplied another 16.6% while competitors in Oceania accounted for 11.7% led by Australia and Papua New Guinea.
Smaller percentages came from suppliers in Africa (9.5%) and Latin America (1.2%) excluding Mexico but including the Caribbean.
For research purposes, the 4-digit Harmonized Tariff System code prefix is 2711 for petroleum gas and other gaseous hydrocarbons.
Petroleum Gas Exports by Country
Below are the 15 countries that exported the highest dollar value worth of petroleum gas during 2023.
- United States: US$67.6 billion (13.8% of exported petroleum gas)
- Norway: $61.8 billion (12.7%)
- Australia: $50.8 billion (10.4%)
- Qatar: $50.8 billion (10.4%)
- Russia: $40 billion (8.2%)
- Algeria: $27.57 billion (5.6%)
- Belgium: $16.72 billion (3.4%)
- Malaysia: $14.59 billion (3%)
- Azerbaijan: $13.7 billion (2.8%)
- United Arab Emirates: $13.7 billion (2.8%)
- Canada: $13.5 billion (2.8%)
- France: $11.4 billion (2.3%)
- Oman: $11 billion (2.2%)
- Turkmenistan: $10.2 billion (2.1%)
- Indonesia: $8.8 billion (1.8%)
By value, the listed 15 countries shipped 84.3% of global petroleum gas exported in 2023.
Among the top exporters, the lone growth exporter of petroleum gas since 2022 was Oman which generated a 35.3% advance.
Those countries that posted declines in their exported petroleum gas sales were led by: Belgium (down -67% from 2022), United Arab Emirates (down -59.1%), Norway (down -57.1%), Russia (down -50.5%) and Canada (down -44.5%).
Searchable List of Petroleum Gas Exporting Countries in 2023
The 100 key exporters in the document database below generated 99.98% of worldwide petroleum gas shipments by value.
| Rank | Exporter | Gas Exports | 2022-3 |
|---|---|---|---|
| 1. | United States | $67,586,423,000 | -29.8% |
| 2. | Norway | $61,835,428,000 | -57.1% |
| 3. | Australia | $50,798,232,000 | -19.6% |
| 4. | Qatar | $50,769,643,000 | -40.6% |
| 5. | Russia | $40,016,569,000 | -50.5% |
| 6. | Algeria | $27,568,291,000 | -9.5% |
| 7. | Belgium | $16,724,541,000 | -67% |
| 8. | Malaysia | $14,587,592,000 | -14.5% |
| 9. | Azerbaijan | $13,678,837,000 | -8.8% |
| 10. | United Arab Emirates | $13,676,218,000 | -59.1% |
| 11. | Canada | $13,472,678,000 | -44.5% |
| 12. | France | $11,418,341,000 | -7.2% |
| 13. | Oman | $10,955,983,000 | +35.3% |
| 14. | Turkmenistan | $10,226,990,000 | -4.3% |
| 15. | Indonesia | $8,776,957,000 | -10.6% |
| 16. | Papua New Guinea | $6,391,780,000 | -26.2% |
| 17. | Nigeria | $6,374,699,000 | -13.7% |
| 18. | United Kingdom | $4,657,500,000 | -55.6% |
| 19. | Saudi Arabia | $4,577,648,000 | 0% |
| 20. | Germany | $4,172,567,000 | -58% |
| 21. | China | $3,648,859,000 | -6.4% |
| 22. | Myanmar | $3,437,930,000 | -12.6% |
| 23. | Kuwait | $3,305,808,000 | -11.5% |
| 24. | Angola | $3,100,002,000 | -52.1% |
| 25. | Brunei Darussalam | $2,921,783,000 | -27.1% |
| 26. | Egypt | $2,730,647,000 | -73% |
| 27. | Equatorial Guinea | $2,411,183,000 | -22.1% |
| 28. | Bolivia | $2,074,189,000 | -32% |
| 29. | Kazakhstan | $2,057,653,000 | -6.1% |
| 30. | Netherlands | $1,821,660,000 | +11.2% |
| 31. | Spain | $1,743,810,000 | -22.1% |
| 32. | Mozambique | $1,726,120,000 | +234% |
| 33. | Greece | $1,611,318,000 | -39.8% |
| 34. | Peru | $1,555,801,000 | -50.9% |
| 35. | Italy | $1,391,538,000 | -26.9% |
| 36. | Libya | $1,298,949,000 | -62.6% |
| 37. | Argentina | $1,253,582,000 | +14.4% |
| 38. | Romania | $1,157,492,000 | -27.4% |
| 39. | Cameroon | $1,123,383,000 | -39.7% |
| 40. | Hungary | $807,180,000 | -22.9% |
| 41. | Trinidad/Tobago | $787,979,000 | -36.7% |
| 42. | Sweden | $640,570,000 | -21% |
| 43. | Iran | $634,448,000 | -92.4% |
| 44. | Uzbekistan | $616,616,000 | -33.4% |
| 45. | Latvia | $568,323,000 | -54.3% |
| 46. | Croatia | $568,212,000 | -59.7% |
| 47. | Portugal | $478,161,000 | -17.3% |
| 48. | Poland | $416,755,000 | +3.2% |
| 49. | Lithuania | $405,381,000 | -71.9% |
| 50. | India | $391,134,000 | -21.6% |
| 51. | South Korea | $355,333,000 | -15.4% |
| 52. | Türkiye | $323,654,000 | -18.6% |
| 53. | Iraq | $308,165,000 | -28.3% |
| 54. | Singapore | $278,421,000 | -15% |
| 55. | Finland | $252,226,000 | +78.1% |
| 56. | Bulgaria | $247,045,000 | -71.6% |
| 57. | Estonia | $238,228,000 | -72.5% |
| 58. | Thailand | $170,774,000 | -20.8% |
| 59. | South Africa | $143,286,000 | +7.3% |
| 60. | Vietnam | $139,203,000 | -25.7% |
| 61. | Chile | $134,039,000 | -63.1% |
| 62. | El Salvador | $115,502,000 | -22.3% |
| 63. | Slovenia | $80,815,000 | -52.7% |
| 64. | US Minor Outlying Is | $78,930,000 | 0% |
| 65. | Gibraltar | $77,529,000 | +294.8% |
| 66. | Japan | $68,950,000 | -33.5% |
| 67. | Czech Republic | $61,032,000 | -90.6% |
| 68. | Guatemala | $59,223,000 | -38.6% |
| 69. | Slovakia | $53,937,000 | -11.2% |
| 70. | Austria | $51,968,000 | -95.4% |
| 71. | Guinea | $49,881,000 | 0% |
| 72. | Brazil | $47,235,000 | +1172% |
| 73. | Albania | $32,957,000 | +1265% |
| 74. | Tanzania | $32,001,000 | -42% |
| 75. | Philippines | $28,348,000 | +131.4% |
| 76. | Serbia | $25,436,000 | -49.5% |
| 77. | Tunisia | $22,858,000 | -21% |
| 78. | Congo | $17,037,000 | +17.4% |
| 79. | Ireland | $12,122,000 | -12.2% |
| 80. | Cayman Islands | $11,934,000 | -55.5% |
| 81. | Afghanistan | $11,302,000 | +7385% |
| 82. | Moldova | $10,702,000 | +24.4% |
| 83. | Switzerland | $10,407,000 | -22.9% |
| 84. | Senegal | $6,946,000 | -45.7% |
| 85. | Marshall Islands | $4,811,000 | 0% |
| 86. | New Zealand | $4,461,000 | -31.1% |
| 87. | Mexico | $4,108,000 | +631% |
| 88. | North Macedonia | $3,869,000 | -20% |
| 89. | Timor-Leste | $3,857,000 | -96% |
| 90. | Ghana | $3,603,000 | +876.4% |
| 91. | Saint Helena | $2,730,000 | 0% |
| 92. | Bosnia/Herzegovina | $2,317,000 | +158.9% |
| 93. | Taiwan | $1,806,000 | +13.7% |
| 94. | Madagascar | $1,241,000 | +8.8% |
| 95. | Uganda | $1,153,000 | +80.4% |
| 96. | Hong Kong | $1,037,000 | +95.7% |
| 97. | Curaçao | $897,000 | +11113% |
| 98. | Dominican Republic | $844,000 | -98.9% |
| 99. | Armenia | $732,000 | +73100% |
| 100. | Fiji | $568,000 | +32.4% |
You can change the presentation order by clicking the triangle icon at the top of the columns. An entry of 0% in the right-most column means no 2022 data was available at time of article publication.
Fastest-growth among the 100 major exporters of petroleum gas belongs to: Armenia (up 73,100% from 2022), Curaçao (up 11,113%), Afghanistan (up 7,385%), Albania (up 1,265%) then Brazil (up 1,172%).
Export Countries Enjoying Greatest Trade Surpluses for Petroleum Gas
The following countries posted the highest positive net exports for petroleum gas during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported petroleum gas and its import purchases for that same commodity.
- Norway: US$61.8 billion (net export surplus down -57.1% since 2022)
- United States of America: $51.5 billion (down -28.6%)
- Qatar: $50.7 billion (down -40.6%)
- Australia: $50.6 billion (down -19.6%)
- Russia: $39.8 billion (down -50.7%)
- Algeria: $27.5 billion (down -9.4%)
- United Arab Emirates: $13.6 billion (down -59.2%)
- Azerbaijan: $13.3 billion (down -10.4%)
- Malaysia: $12.4 billion (down -13.5%)
- Canada: $11 billion (down -44%)
- Oman: $10.96 billion (up 40.8%)
- Turkmenistan: $10.2 billion (down -4.3%)
- Papua New Guinea: $6.4 billion (down -26.3%)
- Nigeria: $6.3 billion (down -13.8%)
- Indonesia: $5.1 billion (up 3.4%)
Norway generated the highest surplus in the international trade of petroleum gas in 2023. In turn, this positive cashflow confirms Norway’s leading competitive advantage for this specific product category.
Export Countries Incurring Biggest Trade Deficits for Petroleum Gas
The following countries posted the highest negative net exports for petroleum gas during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported petroleum gas purchases and its exports for that same commodity.
- mainland China: -US$80.8 billion (net export deficit down -6.9% since 2022)
- Japan: -$52.8 billion (down -27.3%)
- South Korea: -$40.8 billion (down -27.5%)
- Italy: -$31.7 billion (down -52.5%)
- France: -$29.3 billion (down -42.7%)
- Germany: -$27.5 billion (down -56.6%)
- India: -$24.5 billion (down -23.2%)
- Netherlands: -$23.7 billion (down -10.3%)
- United Kingdom: -$21.2 billion (down -57.1%)
- Taiwan: -$13.4 billion (down -35.4%)
- Spain: -$13.1 billion (down -48.2%)
- Thailand: -$11.4 billion (down -9.3%)
- Belgium: -$9.9 billion (down -32.3%)
- Mexico: -$9.3 billion (down -46.3%)
- Denmark: -$8.2 billion (up 316.2%)
Mainland China displayed a competitive disadvantage for this specific product category. In turn, that strategic weakness signals opportunities for petroleum gas-exporting countries that help satisfy the powerful product demand from Chinese businesses and consumers.
Petroleum Gas Exporting Companies
Below are global petroleum gas firms that represent established players engaged in the international petroleum gas trade. Their home country is shown within parenthesis.
- Bayerngas Norge (Norway)
- Enbridge (Canada)
- GAZPROM Germania GmbH (Germany)
- Lukoil (Russia)
- Origin Energy (Australia)
- Southern Gas Company (United States)
See also Crude Oil Exports by Country, Crude Oil Imports by Country, Refined Oil Exports by Country and Electricity Exports by Country
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on August 24, 2024
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on August 24, 2024
International Trade Centre, Trade Map. Accessed on August 24, 2024
Investopedia, Net Exports Definition. Accessed on August 24, 2024
Wikipedia, Category:Natural gas companies by country. Accessed on August 24, 2024