Overview In November 2021 China's Crude Petroleum exports accounted up to $205M and imports accounted up to $24.7B, resulting in a negative trade balance of $24.5B. Between August 2020 and November 2021 the exports of China's Crude Petroleum have increased by $164M (397%) from $41.3M to $205M, while imports increased by $11B (80.5%) from $13.7B to $24.7B.
Destinations In November 2021, Crude Petroleum were exported mostly to Malaysia ($136M)and Singapore ($69M), and were imported mostly from Saudi Arabia ($4.4B), Russia ($4B), United Arab Emirates ($2.58B), Oman ($2.21B), and Iraq ($1.98B).
Growth In November 2021, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In November 2021, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Iraq ($2.77B or 1.32k%), Kuwait ($1.08B or 910%), and Saudi Arabia ($1.07B or 40.7%).