Petroleum Gas in China

EXPORTS (2018): $1.95B, World Rnk 27 / 139
Flag Rnk 236 / 1218

TOP DESTINATION (2018): $1.35B, Hong Kong

FASTEST GROWING MARKET (2017 - 2018): $53.2M, Hong Kong

IMPORTS (2018): $44.2B, World Rnk 1 / 207
Flag Rnk 5 / 1216

TOP ORIGIN (2018): $10B, Australia

FASTEST GROWING ORIGIN (2017 - 2018): $4.27B, Australia

ECONOMIC COMPLEXITY of China (2018): 0.89, Rnk 30 / 137

PRODUCT COMPLEXITY  IN Petroleum Gas (2018): -2.37, Rnk 1010 / 1018

Overview: This page contains the latest trade data of Petroleum Gas in China.

Exports: In 2018, China exported $1.95B in Petroleum Gas, making it the 27th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 236th most exported product in China. The main destination of Petroleum Gas exports from China are: Hong Kong ($1.35B), Vietnam ($327M), Philippines ($179M), Macau ($52.1M), and Indonesia ($4.25M).

The fastest growing export markets for Petroleum Gas of China between 2017 and 2018 were Hong Kong ($53.2M), Vietnam ($44.2M), and Indonesia ($4.15M).

Imports: In 2018, China imported $44.2B in Petroleum Gas, becoming the 1st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 5th most imported product in China. China imports Petroleum Gas primarily from: Australia ($10B), Turkmenistan ($7.16B), Qatar ($6.13B), United Arab Emirates ($3.23B), and Indonesia ($2.37B).

The fastest growing import markets in Petroleum Gas for China between 2017 and 2018 were Australia ($4.27B), Qatar ($1.77B), and Indonesia ($1.28B).

Tariffs: In 2018, the average tariff for China in Petroleum Gas was 3.88%. The countries with the highest import tariffs for Petroleum Gas were Burkina Faso (4.92%), Botswana (4.92%), Cote d'Ivoire (4.92%), Cameroon (4.92%), and Democratic Republic of the Congo (4.92%).

Overview: In July 2020 China's Petroleum Gas exports accounted up to $22.3M and imports accounted up to $3.01B, resulting in a negative trade balance of $2.99B. Between July 2019 and July 2020 the exports of China's   Petroleum Gas have decreased by $-8.45M (-27.5%) from $30.7M to $22.3M, while imports increased by $714M (31.1%) from $2.3B to $3.01B.

Destinations: In July 2020 Petroleum Gas exported mostly to Vietnam ($7.94M), Philippines ($4.91M), Indonesia ($2.06M), Burma ($431k), and Australia ($106k), and imported mostly from Australia ($828M), Turkmenistan ($477M), Indonesia ($351M), United States ($277M), and Qatar ($205M).

Growth: In July 2020, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-44.8M or -84.9%), Philippines ($-8.7M or -63.9%), and Singapore ($-205k or -75.2%). In July 2020, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from Australia ($457M or 123%), United States ($277M or 1.17M%), and Indonesia ($193M or 123%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $-8.45M, (-27.5%)

IMPORT GROWTH (July 2019 - July 2020): $714M, (31.1%)

MAIN EXPORTER (July 2020): Guangdong Province, $15M

MAIN DESTINATION (July 2020): Vietnam, $7.94M

This section shows Petroleum Gas's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Petroleum Gas over time.

Value

EXPORTS (2018): $1.95B

IMPORTS (2018): $44.2B

NET TRADE (2018): -$42.2B

In 2018, China exported $1.95B in Petroleum Gas. The main destinations of China exports on Petroleum Gas were Hong Kong ($1.35B), Vietnam ($327M), Philippines ($179M), Macau ($52.1M), and Indonesia ($4.25M).

In 2018, China imported $44.2B in Petroleum Gas, mainly from Australia ($10B), Turkmenistan ($7.16B), Qatar ($6.13B), United Arab Emirates ($3.23B), and Indonesia ($2.37B).

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IN 2018, China HAD A POSITIVE NET TRADE IN Petroleum Gas WITH:

  • Hong Kong, $1.35B ($1.35B - $2.64k)
  • Vietnam, $327M ($327M - $0)
  • Philippines, $147M ($179M - $32.5M)

IN 2018, China HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:

  • Australia, -$10B ($2.97M - $10B)
  • Turkmenistan, -$7.16B ($0 - $7.16B)
  • Qatar, -$6.13B ($1.92k - $6.13B)
Flow

THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR China WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY China WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, China's main exporting competitors in Petroleum Gas were:

In 2018, China's main importing competitors in Petroleum Gas were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Petroleum Gas in China. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for China in Petroleum Gas was 3.88%.

The countries with the highest tariffs for Petroleum Gas in China were Burkina Faso (4.92%), Botswana (4.92%), Cote d'Ivoire (4.92%), Cameroon (4.92%), and Democratic Republic of the Congo (4.92%).

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