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2022
Exports $307MWorld Rnk 14 / 113
Flag Rnk 1426 / 4606
2022
Destination $36.7M Vietnam
2021 - 2022
FASTEST GROWING MARKET $36.7MVietnam
2022
Imports $1.41BWorld Rnk 2 / 191
Flag Rnk 187 / 4539
2022
Origin $118M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $118MSouth Korea
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $307M in Petroleum bitumen, making it the 14th largest exporter of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 1426th most exported product in China. The main destination of Petroleum bitumen exports from China are: Vietnam ($106M), Australia ($90.8M), Malaysia ($58.1M), Philippines ($15.2M), and Hong Kong ($13.4M).

The fastest growing export markets for Petroleum bitumen of China between 2021 and 2022 were Vietnam ($36.7M), Malaysia ($11.2M), and Philippines ($8.5M).

Imports In 2022, China imported $1.41B in Petroleum bitumen, becoming the 2nd largest importer of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 187th most imported product in China. China imports Petroleum bitumen primarily from: South Korea ($774M), Singapore ($480M), Iraq ($46.6M), Thailand ($39.6M), and Malaysia ($35.8M).

The fastest growing import markets in Petroleum bitumen for China between 2021 and 2022 were South Korea ($118M), Singapore ($80.9M), and United Arab Emirates ($12.8M).

Latest Trends

July 2024

About

Overview In July 2024 China's Petroleum bitumen exports accounted up to $34.2M and imports accounted up to $126M, resulting in a negative trade balance of $92.1M. Between July 2023 and July 2024 the exports of China's   Petroleum bitumen have decreased by $-28M (-45%) from $62.2M to $34.2M, while imports increased by $15.9M (14.4%) from $110M to $126M.

Destinations In July 2024, Petroleum bitumen were exported mostly to Malaysia ($16.4M), New Zealand ($11.3M), Hong Kong ($2.07M), Philippines ($1.39M), and Vietnam ($1.32M), and were imported mostly from United Arab Emirates ($56.9M), South Korea ($20.9M), Singapore ($19.3M), Oman ($18.7M), and Thailand ($6.13M).

Growth In July 2024, the decrease in Petroleum bitumen's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-14.3M or -76.2%), Vietnam ($-9.33M or -71.5%), and Australia ($-6.95M or -49.9%). In July 2024, the increase in Petroleum bitumen's year-by-year imports was explained primarily by an increase in imports from South Korea ($7.83M or 13.8%), Thailand ($4.01M or 166%), and Iran ($588k or 274%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-28M(-45%)
IMPORT GROWTH (July 2023 - July 2024)$15.9M(14.4%)
MAIN EXPORTER (July 2024)Beijing$30.8M
MAIN DESTINATION (July 2024)Malaysia$16.4M

This section shows Petroleum bitumen'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 bitumen over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Petroleum bitumen throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$307M
IMPORTS (2022)$1.41B
NET TRADE (2022)-$1.11B

In 2022, China exported $307M in Petroleum bitumen. The main destinations of China exports on Petroleum bitumen were Vietnam ($106M), Australia ($90.8M), Malaysia ($58.1M), Philippines ($15.2M), and Hong Kong ($13.4M).

In 2022, China imported $1.41B in Petroleum bitumen, mainly from South Korea ($774M), Singapore ($480M), Iraq ($46.6M), Thailand ($39.6M), and Malaysia ($35.8M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Petroleum bitumen EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$36.7M (52.8%)
Malaysia$11.2M (24%)
Philippines$8.5M (128%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum bitumen BY China WERE (2021 - 2022):
Indonesia-$8.84M (-55.6%)
New Zealand-$5.35M (-100%)
Thailand-$3.84M (-98.1%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Petroleum bitumen were:
Canada $2.71B
Singapore $1.53B
South Korea $1.09B
In 2022, China's main importing competitors in Petroleum bitumen were:
United States $2.93B
India $921M

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Trade Value of Petroleum bitumen by Exporters

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