Since renewable energy for hydrogen production is not equally available to all states, global trade of hydrogen will increase significantly with the progressing energy transition: Twelve G20 states and the EU have adopted hydrogen strategies, with some, like the EU, Germany, Japan, and South Korea, committing to future green hydrogen imports. Several economies, notably from the Global South, including Argentina, Chile, Brazil, Uruguay, Morocco, Namibia, South Africa and India, aim to produce and export green hydrogen. Under favourable economic and legal conditions, demand for imports as well as export readiness will drive market growth and trade relations for green hydrogen and its derivatives. Projections suggest a global trade in green hydrogen and derivatives, with an estimated 12-25% share of internationally traded green hydrogen by 2050.

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