HS Icon Crude Petroleum in  Flag China

2020
Exports | Imports
: $382M | $150B, World Rnk 47 / 132
Flag Rnk 570 / 1215 | World Rnk 1 / 145
Flag Rnk 1 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $39.3M | $4.61B, Malaysia |  United Arab Emirates


ECONOMIC COMPLEXITY of China
: 0.96, Rnk 28 / 127


PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.82, Rnk 1028 / 1028

Exports In 2020, China exported $382M in Crude Petroleum, making it the 47th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 570th most exported product in China. The main destination of Crude Petroleum exports from China are: South Korea ($116M), Myanmar ($80M), Singapore ($63.5M), Malaysia ($39.3M), and United States ($34.3M).

The fastest growing export markets for Crude Petroleum of China between 2019 and 2020 were Malaysia ($39.3M), South Korea ($37.5M), and United States ($34.3M).

Imports In 2020, China imported $150B 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 ($24.7B), Russia ($23.8B), Iraq ($16.9B), Angola ($12.1B), and Brazil ($11.4B).

The fastest growing import markets in Crude Petroleum for China between 2019 and 2020 were United Arab Emirates ($4.61B), United States ($3.75B), and Norway ($2.5B).

November 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (August 2020 - November 2021): $164M, (397%)

IMPORT GROWTH (November 2020 - November 2021): $11B, (80.5%)

MAIN EXPORTER (November 2021): Tianjin, $205M

MAIN DESTINATION (November 2021): Malaysia, $136M

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

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EXPORTS (2020): $382M

IMPORTS (2020): $150B

NET TRADE (2020): -$150B

In 2020, China exported $382M in Crude Petroleum. The main destinations of China exports on Crude Petroleum were South Korea ($116M), Myanmar ($80M), Singapore ($63.5M), Malaysia ($39.3M), and United States ($34.3M).

In 2020, China imported $150B in Crude Petroleum, mainly from Saudi Arabia ($24.7B), Russia ($23.8B), Iraq ($16.9B), Angola ($12.1B), and Brazil ($11.4B).

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IN 2020, China HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2020, China HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR China WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY China WERE (2019 - 2020):

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Market Concentration

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In 2019, China's main exporting competitors in Crude Petroleum were:

In 2019, China's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2018, the tariffs for Crude Petroleum in the imports of China were of 0% around the world.