2016 Top Importers and Exporters
- The US has remained the single largest exporter of LPG throughout 2016. Q3 was the only quarter where exports dipped under 6 million tons at 5.3 million.
- While US exports shrank in Q3, UAE exports rose by 32% from the previous quarter at 2.96 million tons.
- China remained the largest importer throughout the year, importing between 3.6 to 4.2 million tons per quarter.
- Japan imported less than 3 million tons each quarter except Q1, where they accepted 3.1 million. Year-on-year 2016 was higher at 10.9 million tons compared to 2015‘s 10.5 million.
- Kpler began tracking small vessel movements in Europe, the Mediterranean, Africa, Americas, and Caribbean starting in May of 2016. Consequentially, there is a spike in imports in the Netherlands, and exports in Algeria beginning Q2.
- U.S. exported approximately 5.8 million tons more LPG in 2016 than in 2017.
- Indonesia imported the majority of their cargoes from the UAE and Qatar this year at 46% and 30%, respectively.
- They also accepted several 3 cargoes from the US, 2 from Nigeria and Australia each, and 1 from Kuwait.
- With the lifting of sanctions on Iran, Pertamina has signed a contract to import approximately 1 cargo per month from the country. There have been 2 cargoes delivered since October with one on it’s way:
West of Suez to East of Suez
- West of Suez to East of Suez trade saw a huge increase in 2016 compared to the year before.
- There were 2 months during the year where trade volumes were lower in 2016: September and October