The US dominates global liquefied propane exports with a commanding 52.5% share ($30.3B) in 2024, driven by prolific shale gas output, with China ($11.2B), Japan ($4.3B), and South Korea ($3.1B) as the top import destinations — reflecting Asia-Pacific's heavy reliance on US LPG for petrochemical feedstock and residential use. The UAE and Qatar serve as critical Middle Eastern supply hubs, collectively accounting for ~18% of global exports, channeling significant volumes into India and China. Supply concentration among a small cluster of hydrocarbon-rich exporters and dependence on specialized VLGC shipping infrastructure creates notable logistical and geopolitical risk exposure for import-dependent Asian economies.
HS Code 271112 covers Liquefied Propane (LPG - Propane) under the Harmonized System. It is used for customs declarations, import duty assessment, trade statistics, export documentation, and sourcing analysis.
Products classified under HS 271112 are used across Residential heating, Petrochemical feedstock, Industrial fuel, Agricultural drying, Automotive fuel. Demand is driven by Heating demand, Petrochemical production growth, Natural gas price differentials, Infrastructure availability.
Major exporting countries include United States, UAE, Qatar, Canada, Kuwait based on recent international trade reporting.
Demand is linked to Heating demand, Petrochemical production growth, Natural gas price differentials, Infrastructure availability. Input costs are influenced by Natural gas processing / crude oil refining.
Active US trade measures:
Verify final rates with HTSUS, TARIC, CBIC India, and a licensed customs broker.
US importers of Liquefied Propane (LPG - Propane) must classify at the HTS10 level. Additional measures such as Section 232, Section 301, ADD/CVD, or Chapter 99 provisions may apply depending on the exact classification and origin.
EU importers classify Liquefied Propane (LPG - Propane) at TARIC10 level. Preferential treatment may apply where rules of origin are satisfied under EU trade agreements. Intra-EU trade is duty-free.
India assesses Liquefied Propane (LPG - Propane) at the HS8 level under the CBIC Customs Tariff. The applicable duty framework is: BCD 2.50% + SWS 0.25% + IGST 5% = 7.89% effective gross rate. IGST is generally recoverable for registered B2B importers via GST filing.
Based on recent international trade data, the leading exporting countries for Liquefied Propane (LPG - Propane) are:
These corridors show where trade activity is concentrated. Buyers use this signal to identify supplier depth, established logistics lanes, and alternative sourcing markets.
| HS Code | 271112 |
| Product | Liquefied Propane (LPG - Propane) |
| Chapter | 27 — Hydrocarbon Energy Commodity |
| Major exporting countries | United States, UAE, Qatar, Canada, Kuwait |
| Primary industries | Residential heating, Petrochemical feedstock, Industrial fuel, Agricultural drying, Automotive fuel |
| Trade year | 2024 |
| US duty framework | HTS10 classification dependent |
| EU duty framework | 0.70% MFN |
| India BCD | 2.50% BCD |
Logitality sourcing intelligence for HS 271112 combines global trade corridors, tariff data, commodity cost signals, FX movement, and supplier-country analysis to compare origins by estimated landed cost.
Compare supplier countries for HS 271112 by full duty stack and landed cost.
Run sourcing intelligence →Read the detailed sourcing guide for HS 271112 Liquefied Propane (LPG - Propane), including supplier-country analysis, trade-flow context, and procurement considerations.
HS Code 271112: Liquefied Petroleum Gas (LPG) – Propane Trade Guide for 2025 →
HS Code 271112 covers Liquefied Propane (LPG - Propane) and is used for customs declarations, trade statistics, import duty assessment, and sourcing analysis.
Duty varies by destination and classification. US: HTS10 classification dependent. EU: 0.70% MFN. India: 2.50% BCD.
Major exporting countries include United States, UAE, Qatar, Canada, Kuwait, based on recent trade reporting.