The overall value of petroleum gas exports increased by an average 94% for all exporting countries compared to five years earlier in 2020 when petroleum gas shipments were valued at $219.2 billion.
Year over year, worldwide petroleum gas exports shrank by -17.8% compared to $517.3 billion starting from 2023.
The 5 biggest exporters of petroleum gas in 2024 (United States of America, Norway, Australia, Qatar and Russia) sold nearly three-fifths (58.4%) of globally exported petroleum gas as measured by dollar value.
Over one fifth (22.5%) of worldwide petroleum gas exports were supplied by member countries of the Organization of the Petroleum Exporting Countries versus roughly one quarter (23.3%) during 2023. 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 2024 with shipments valued at $129.5 billion or 30.4% of the global total. In second place for 2024 were exporters located in Asia (including those in the Middle East) collecting a 30.8% share.
Shippers in North America supplied another 17% while competitors in Oceania accounted for 12.3% led by Australia and Papua New Guinea.
Smaller percentages came from suppliers in Africa (8.3%) 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 2024.
- United States: US$62.2 billion (14.6% of exported petroleum gas)
- Norway: $54.1 billion (12.7%)
- Australia: $46.9 billion (11%)
- Qatar: $44.7 billion (10.5%)
- Russia: $40.3 billion (9.5%)
- Algeria: $20.29 billion (4.8%)
- Malaysia: $14.78 billion (3.5%)
- United Arab Emirates: $14.63 billion (3.4%)
- Turkmenistan: $10.8 billion (2.6%)
- Belgium: $10.7 billion (2.5%)
- Canada: $9.9 billion (2.3%)
- Oman: $9.6 billion (2.3%)
- Indonesia: $8.9 billion (2.1%)
- Azerbaijan: $8.4 billion (2%)
- France: $7.3 billion (1.7%)
By value, the listed 15 countries shipped 85.5% of global petroleum gas exported in 2024.
Among the top exporters, growth exporters of petroleum gas since 2023 were: Oman (up 40.7%), Russia (up 3.4%), Indonesia (up 1.5%) and Malaysia (up 1.3%).
Those countries that posted declines in their exported petroleum gas sales were led by: United Arab Emirates (down -58.4% from 2023), Azerbaijan (down -38.5%), France (down -36.3%), Belgium (down -36%) and Canada (down -26.7%).
Searchable List of Petroleum Gas Exporting Countries in 2024
The 100 key exporters in the document database below generated 99.98% of worldwide petroleum gas shipments by value.
| Rank | Exporter | Gas Exports | 2023-4 |
|---|---|---|---|
| 1. | United States | $62,174,579,000 | -8% |
| 2. | Norway | $54,062,994,000 | -12.6% |
| 3. | Australia | $46,898,081,000 | -7.7% |
| 4. | Qatar | $44,704,673,000 | -24.5% |
| 5. | Russia | $40,320,048,000 | +3.4% |
| 6. | Algeria | $20,287,424,000 | -26.3% |
| 7. | Malaysia | $14,778,874,000 | +1.3% |
| 8. | United Arab Emirates | $14,625,401,000 | -58.4% |
| 9. | Turkmenistan | $10,844,403,000 | -0.3% |
| 10. | Belgium | $10,695,849,000 | -36% |
| 11. | Canada | $9,873,049,000 | -26.7% |
| 12. | Oman | $9,589,817,000 | +40.7% |
| 13. | Indonesia | $8,907,938,000 | +1.5% |
| 14. | Azerbaijan | $8,406,912,000 | -38.5% |
| 15. | France | $7,275,570,000 | -36.3% |
| 16. | Nigeria | $6,427,271,000 | +0.8% |
| 17. | Papua New Guinea | $5,380,094,000 | +47.6% |
| 18. | United Kingdom | $4,835,126,000 | +3.8% |
| 19. | Kuwait | $3,388,679,000 | +8% |
| 20. | mainland China | $3,356,579,000 | -8% |
| 21. | Myanmar | $3,205,842,000 | -6.8% |
| 22. | Germany | $3,092,632,000 | +1085% |
| 23. | Brunei Darussalam | $2,716,260,000 | -7.1% |
| 24. | Angola | $2,249,552,000 | -19.6% |
| 25. | Mozambique | $1,966,871,000 | +13.9% |
| 26. | Equatorial Guinea | $1,826,602,000 | -24.3% |
| 27. | Kazakhstan | $1,750,286,000 | -14.9% |
| 28. | Bolivia | $1,633,767,000 | -21.2% |
| 29. | Peru | $1,496,644,000 | -3% |
| 30. | Netherlands | $1,364,924,000 | -25.1% |
| 31. | Spain | $1,098,951,000 | -37% |
| 32. | Argentina | $1,093,409,000 | -12.8% |
| 33. | Romania | $997,141,000 | -13.7% |
| 34. | Hungary | $886,738,000 | +9.9% |
| 35. | Iran | $765,733,000 | -95% |
| 36. | Cameroon | $739,889,000 | -34.1% |
| 37. | Sweden | $739,484,000 | +15.4% |
| 38. | Uzbekistan | $730,912,000 | +36.9% |
| 39. | Libya | $699,705,000 | -46.6% |
| 40. | Egypt | $603,925,000 | -77.9% |
| 41. | Portugal | $552,918,000 | +15.6% |
| 42. | Trinidad/Tobago | $550,051,000 | -30.2% |
| 43. | Lithuania | $547,548,000 | +35.1% |
| 44. | Greece | $537,523,000 | -66.6% |
| 45. | Iraq | $491,686,000 | -0.1% |
| 46. | Israel | $463,214,000 | 0% |
| 47. | Croatia | $445,820,000 | -21.7% |
| 48. | India | $417,737,000 | +6.8% |
| 49. | Italy | $365,775,000 | -73.7% |
| 50. | South Korea | $335,300,000 | -5.6% |
| 51. | Finland | $334,799,000 | +32.7% |
| 52. | Latvia | $321,446,000 | -43.4% |
| 53. | Türkiye | $304,763,000 | -5.8% |
| 54. | Estonia | $266,577,000 | +11.9% |
| 55. | Poland | $266,161,000 | -36.2% |
| 56. | Singapore | $237,608,000 | -14.7% |
| 57. | Vietnam | $224,414,000 | +37.9% |
| 58. | Chile | $179,930,000 | +34.2% |
| 59. | South Africa | $175,677,000 | +22.6% |
| 60. | Bahrain | $172,389,000 | 0% |
| 61. | Thailand | $151,196,000 | -11.5% |
| 62. | Bulgaria | $144,140,000 | -39.5% |
| 63. | Congo | $143,224,000 | +740.5% |
| 64. | El Salvador | $132,398,000 | +14.6% |
| 65. | Sri Lanka | $124,294,000 | 0% |
| 66. | Czech Republic | $93,659,000 | +53.5% |
| 67. | Guatemala | $92,707,000 | +56.5% |
| 68. | Tanzania | $57,560,000 | +79.9% |
| 69. | Slovakia | $54,711,000 | +1.8% |
| 70. | Ghana | $52,172,000 | +1348% |
| 71. | Ivory Coast | $50,825,000 | +32690% |
| 72. | Japan | $48,272,000 | -30% |
| 73. | Austria | $46,763,000 | -6.5% |
| 74. | Mexico | $45,346,000 | +1004% |
| 75. | Slovenia | $35,748,000 | -55.8% |
| 76. | Philippines | $32,645,000 | +15.2% |
| 77. | Albania | $32,334,000 | +739.8% |
| 78. | Ireland | $19,565,000 | +61.4% |
| 79. | British Virgin Islands | $18,210,000 | -85.2% |
| 80. | Serbia | $16,239,000 | -36.2% |
| 81. | Tunisia | $15,862,000 | -30.6% |
| 82. | Maldives | $15,066,000 | 0% |
| 83. | Switzerland | $9,732,000 | -6.5% |
| 84. | Cayman Islands | $9,326,000 | 0% |
| 85. | Bangladesh | $7,353,000 | -27.9% |
| 86. | New Zealand | $5,139,000 | +15.2% |
| 87. | Brazil | $4,846,000 | -89.7% |
| 88. | Bosnia/Herzegovina | $4,733,000 | +104.3% |
| 89. | North Macedonia | $3,724,000 | -3.7% |
| 90. | Eswatini | $3,190,000 | +159400% |
| 91. | Madagascar | $1,976,000 | +59.2% |
| 92. | Taiwan | $1,924,000 | +6.5% |
| 93. | Marshall Islands | $1,884,000 | -60.9% |
| 94. | Lebanon | $1,525,000 | -90.8% |
| 95. | Kenya | $1,133,000 | +493.2% |
| 96. | Moldova | $970,000 | -90.9% |
| 97. | Afghanistan | $705,000 | -93.8% |
| 98. | Hong Kong | $638,000 | -38.5% |
| 99. | Dominican Republic | $430,000 | -49.1% |
| 100. | Panama | $326,000 | +73.4% |
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 2023 data was available at time of article publication.
Fastest-growth among the 100 major exporters of petroleum gas belongs to: Eswatini (up 159,400% from 2023), Ivory Coast (up 32,690%), Ghana (up 1,348%), Germany (up 1,085%) then Mexico (up 1,004%).
Export Countries Enjoying Greatest Trade Surpluses for Petroleum Gas
The following countries posted the highest positive net exports for petroleum gas during 2024. 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$54 billion (net export surplus down -12.6% since 2023)
- United States: $51.9 billion (up 0.7%)
- Australia: $46.7 billion (down -7.7%)
- Qatar: $44.7 billion (down -24.5%)
- Russia: $40.2 billion (up 3.8%)
- Algeria: $20.3 billion (down -26.1%)
- United Arab Emirates: $14.6 billion (down -58.5%)
- Malaysia: $12 billion (down -3.4%)
- Turkmenistan: $10.8 billion (down -0.3%)
- Oman: $9.6 billion (up 44.7%)
- Azerbaijan: $8.3 billion (down -37.5%)
- Canada: $8 billion (down -27.5%)
- Nigeria: $6.3 billion (down -0.5%)
- Papua New Guinea: $5.4 billion (up 48%)
- Indonesia: $5.1 billion (down -0.01%)
Norway generated the highest surplus in the international trade of petroleum gas in 2024. 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 2024. 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$84.7 billion (net export deficit up 4.8% since 2023)
- Japan: -$47.2 billion (down -10.5%)
- South Korea: -$34.4 billion (down -15.8%)
- India: -$29.8 billion (up 21.6%)
- Italy: -$24.9 billion (down -21.4%)
- Germany: -$21.5 billion (up 1841.5%)
- France: -$19.7 billion (down -32.9%)
- Taiwan: -$12.6 billion (down -4.8%)
- United Kingdom: -$12.6 billion (down -40.5%)
- Netherlands: -$11.6 billion (down -51.1%)
- Thailand: -$9.5 billion (down -16.7%)
- Spain: -$8.5 billion (down -35%)
- Mexico: -$6.7 billion (down -27.4%)
- Belgium: -$6.3 billion (down -36.4%)
- Singapore: -$6 billion (up 6.2%)
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 May 22, 2025
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on May 22, 2025
International Trade Centre, Trade Map. Accessed on May 22, 2025
Investopedia, Net Exports Definition. Accessed on May 22, 2025
Wikipedia, Category:Natural gas companies by country. Accessed on May 22, 2025