LPG Exports Declined This Year, but USA’s Kept Growing
LPG exports have been declining so far in 2026, apart from the US. In its latest weekly report, shipbroker Banchero Costa said that “global LPG (liquified petroleum gas) trade had been growing steadily for…
According to Banchero Costa, “in terms of imports, the top destination for LPG in Jan-Sep 2026 was still Mainland China, accounting for 18.6% of global imports. Imports to China declined by -28.1% y-o-y in Jan-Sep 2026 to 18.8 mln tonnes. Imports to the EU declined by -3.3% y-o-y in Jan-Sep 2026 to 16.3 mln t. The EU accounted for 16.0% of global seaborne LPG imports. Volumes into India declined by -26.4% y-o-y to 12.2 mln tonnes. Imports to Japan were essentially unchanged at -0.1% y-o-y at 7.2 mln tonnes in the same period. Imports to South Korea in Jan-Sep 2026 declined -15.5% y-o-y to 5.3 mln t. Let’s now focus on the United States, which is now the largest exporter of LPG in the world, accounting for 55.4% of global volumes in Jan-Sep 2026”.
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