Statistics through 2022Q2 – rapid growth in natural gas exports but from small base. LNG exports contribution to change in goods exports quantitatively trivial.
Figure 1: Non-natural gas, non-LNG exports (tan bar), natural gas exports (green bar) and LNG exports (blue bar), all in millions $, quarterly rate, seasonally adjusted. NBER defined peak-to-trough recession dates shaded gray. Source: BEA, NBER, and author’s calculations.
And here is the contribution to changes in goods exports (q/q, millions $, seasonally adjusted):
Figure 2: Quarter-on-quarter change in non-natural gas, non-LNG exports (tan bar), change in natural gas exports (green bar), and change in LNG exports (blue bar), all in millions $, quarterly rate, seasonally adjusted. NBER defined peak-to-trough recession dates shaded gray. Source: BEA, NBER, and author’s calculations.
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