LPG global trade expanded each year over the 2020 to 2024 period and continued through April 2025. Rising US exports, increasing demand globally for LPG as a petrochemical feedstock and a cleaner fuel, and the ban on EU imports from Russia were key market drivers.

Global trade in LPG reached 99.7 million tons in 2024, with US exports rising from 48% of the total in 2020 to 51% in 2024.

US exports totaled 17.2 million tons through April, 2025, up 5%. Lower shipments to Japan and South Korea, among others, were offset by gains in other markets, including China (noting reduced trade tensions recently between the US and China), Mexico, Netherlands, Belgium, Indonesia, Singapore and France.

From International Trader Publications’ Liquefied Propane Gas World Trade Analysis, a continuously updated analysis of global trade based on latest statistics from all available countries.