2021
Exports | Imports
$927M | $208BWorld Rnk 43 / 147
Flag Rnk 412 / 1215
World Rnk 1 / 163
Flag Rnk 1 / 1214
2021
ECONOMIC COMPLEXITY of China
1.07Rnk 25 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, China exported $927M in Crude Petroleum, making it the 43rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 412th most exported product in China. The main destination of Crude Petroleum exports from China are: Malaysia ($349M), Singapore ($187M), South Korea ($147M), Burma ($132M), and India ($83.2M).

The fastest growing export markets for Crude Petroleum of China between 2020 and 2021 were Malaysia ($310M), Singapore ($123M), and India ($63.9M).

Imports In 2021, China imported $208B 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 ($38.3B), Russia ($35.4B), Iraq ($23.1B), Oman ($19.7B), and Angola ($19.6B).

The fastest growing import markets in Crude Petroleum for China between 2020 and 2021 were Saudi Arabia ($13.6B), Russia ($11.6B), and Oman ($8.28B).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2022 - December 2023)$-301M(-85.8%)
IMPORT GROWTH (December 2022 - December 2023)$-1.39B(-4.52%)
MAIN EXPORTER (December 2023)Guangdong Province$168M
MAIN DESTINATION (December 2023)Singapore$49.7M

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 (2021)$927M
IMPORTS (2021)$208B
NET TRADE (2021)-$207B

In 2021, China exported $927M in Crude Petroleum. The main destinations of China exports on Crude Petroleum were Malaysia ($349M), Singapore ($187M), South Korea ($147M), Burma ($132M), and India ($83.2M).

In 2021, China imported $208B in Crude Petroleum, mainly from Saudi Arabia ($38.3B), Russia ($35.4B), Iraq ($23.1B), Oman ($19.7B), and Angola ($19.6B).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR China WERE (2020 - 2021):
Malaysia$310M (789%)
Singapore$123M (194%)
India$63.9M (332%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY China WERE (2020 - 2021):
South Korea-$69M (-31.9%)
United States-$34.3M (-100%)
Laos-$1.35M (-99.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, China's main exporting competitors in Crude Petroleum were:
In 2021, China's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

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