Crude Petroleum in China 2021 Exports | Imports : $927M | $208B, World Rnk 43 / 147 Rnk 412 / 1215 | World Rnk 1 / 163 Rnk 1 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $310M | $13.6B, Malaysia | Saudi Arabia
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Crude Petroleum: -2.38, Rnk 1024 / 1029
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).
February 2023
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%).
EXPORT GROWTH (September 2021 - February 2023): $7.62M, (18.2%)
IMPORT GROWTH (February 2022 - February 2023): $275M, (1.17%)
MAIN EXPORTER (February 2023): Tianjin, $49.5M
MAIN DESTINATION (February 2023): Malaysia, $28.4M
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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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).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Crude Petroleum were:
In 2021, China's main importing competitors in Crude Petroleum were:
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