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: -2.36, Rnk 1013 / 1024
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).
June 2023
Overview In June 2023 China's Crude Petroleum exports accounted up to $77M and imports accounted up to $28.2B, resulting in a negative trade balance of $28.1B. Between December 2021 and June 2023 the exports of China's Crude Petroleum have decreased by $-184M (-70.5%) from $261M to $77M, while imports decreased by $-406M (-1.42%) from $28.6B to $28.2B.
Destinations In June 2023, Crude Petroleum were exported mostly to Malaysia ($77M), and were imported mostly from Russia ($5.23B), Saudi Arabia ($4.56B), Malaysia ($2.78B), United Arab Emirates ($2.35B), and Iraq ($2.25B).
Growth In June 2023, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to . In June 2023, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Kazakhstan ($-83.8M or -71.8%), Colombia ($-39.5M or -14.8%), and Indonesia ($-33.9k or -0.1%).
EXPORT GROWTH (December 2021 - June 2023): $-184M, (-70.5%)
IMPORT GROWTH (June 2022 - June 2023): $-406M, (-1.42%)
MAIN EXPORTER (June 2023): Guangdong Province, $168M
MAIN DESTINATION (June 2023): Malaysia, $77M
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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