Heating and petrochemical demand in Asia contribute to more U.S. propane exports

U.S. exports of propane have been increasing in recent months, primarily to countries in East Asia, as a result of cold weather and robust petrochemical feedstock consumption that drive demand in that region. Between April 2020 and November 2020 (the most recent monthly data in the U.S. Energy Information Administration’s (EIA) Petroleum Supply Monthly), approximately 58% of all U.S. propane exports went to markets in Asia. Nearly half of all U.S. propane exports in those months were shipped to three countries: Japan, China, and South Korea.
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