2022
Exports
$1.11BWorld Rnk 39 / 149
Flag Rnk 410 / 1216
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$287BWorld Rnk 1 / 158
Flag Rnk 1 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.11B in Crude Petroleum, making it the 39th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 410th most exported product in China. The main destination of Crude Petroleum exports from China are: Malaysia ($397M), Burma ($295M), South Korea ($181M), Singapore ($116M), and United States ($92.2M).

The fastest growing export markets for Crude Petroleum of China between 2021 and 2022 were Burma ($163M), United States ($92.2M), and Malaysia ($47M).

Imports In 2022, China imported $287B in Crude Petroleum, becoming the 1st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in China. China imports Crude Petroleum primarily from: Saudi Arabia ($56.1B), Russia ($51B), Iraq ($33.8B), Oman ($25.2B), and Angola ($21.5B).

The fastest growing import markets in Crude Petroleum for China between 2021 and 2022 were Saudi Arabia ($17.6B), Russia ($15.6B), and Iraq ($10.6B).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - July 2024)$-29.2M(-58.9%)
IMPORT GROWTH (July 2023 - July 2024)$1.88B(7.87%)
MAIN EXPORTER (July 2024)Shandong Province$137M
MAIN DESTINATION (July 2024)Singapore$20.3M

This section shows Crude Petroleum'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 Crude Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.11B
IMPORTS (2022)$287B
NET TRADE (2022)-$286B

In 2022, China exported $1.11B in Crude Petroleum. The main destinations of China exports on Crude Petroleum were Malaysia ($397M), Burma ($295M), South Korea ($181M), Singapore ($116M), and United States ($92.2M).

In 2022, China imported $287B in Crude Petroleum, mainly from Saudi Arabia ($56.1B), Russia ($51B), Iraq ($33.8B), Oman ($25.2B), and Angola ($21.5B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR China WERE (2021 - 2022):
Burma$163M (124%)
United States$92.2M (1%)
Malaysia$47M (13.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY China WERE (2021 - 2022):
Singapore-$70.6M (-37.8%)
India-$70.5M (-100%)
South Korea-$49.9M (-21.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Crude Petroleum were:
In 2022, China's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALRussia+ $13.1B

Crude Petroleum’s highest export potential is N/A. With an export gap of N/A.   Crude Petroleum’s highest import potential is Russia with an import gap of $13.1B.

See methodology.

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