Overview In March 2023 China's Crude Petroleum exports accounted up to $168M and imports accounted up to $30.4B, resulting in a negative trade balance of $30.3B. Between October 2021 and March 2023 the exports of China's Crude Petroleum have increased by $127M (308%) from $41.3M to $168M, while imports decreased by $-869M (-2.78%) from $31.3B to $30.4B.
Destinations In March 2023, Crude Petroleum were exported mostly to South Korea ($168M), and were imported mostly from Saudi Arabia ($5.36B), Russia ($5.09B), Iraq ($3.53B), Oman ($2.4B), and United Arab Emirates ($2.37B).
Growth In March 2023, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In March 2023, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Kazakhstan ($-83.8M or -71.8%), Colombia ($-39.5M or -14.8%), and Indonesia ($-33.9k or -0.1%).