HS Icon Crude Petroleum in  Flag China

2021
Exports | Imports
: $927M | $208B, World Rnk 43 / 147
Flag Rnk 412 / 1215 | World Rnk 1 / 163
Flag 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

Subnational Monthly Trade

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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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Historical Data

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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).

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Flow

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):

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Market Concentration

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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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