Overview In February 2023 China's Crude Petroleum exports accounted up to $49.5M and imports accounted up to $23.8B, resulting in a negative trade balance of $23.7B. Between September 2021 and February 2023 the exports of China's Crude Petroleum have increased by $7.62M (18.2%) from $41.9M to $49.5M, while imports increased by $275M (1.17%) from $23.5B to $23.8B.
Destinations In February 2023, Crude Petroleum were exported mostly to Malaysia ($28.4M) and Singapore ($21.1M), and were imported mostly from Russia ($4.14B), Saudi Arabia ($3.52B), Iraq ($2.9B), Oman ($2.16B), and Brazil ($2.01B).
Growth In February 2023, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In February 2023, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Iraq ($2.34B or 152%), Saudi Arabia ($1.9B or 68.6%), and Oman ($1.76B or 135%).