HS Icon Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes in  Flag China

2020
Exports | Imports
: $31B | $227B, World Rnk 13 / 216
Flag Rnk 15 / 96 | World Rnk 1 / 224
Flag Rnk 2 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $413M | $6.04B, Liberia |  United States

2020
ECONOMIC COMPLEXITY of China
: 0.96, Rnk 28 / 127

2020
PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral...
: -0.058, Rnk 567 / 1029

Exports In 2020, China exported $31B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., making it the 13th largest exporter of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 15th most exported product in China. The main destination of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... exports from China are: Hong Kong ($6.06B), Singapore ($4.95B), Philippines ($2.59B), Malaysia ($1.69B), and Australia ($1.65B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... of China between 2019 and 2020 were Liberia ($413M), Chile ($160M), and Pakistan ($136M).

Imports In 2020, China imported $227B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., becoming the 1st largest importer of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 2nd most imported product in China. China imports Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... primarily from: Russia ($29.7B), Saudi Arabia ($25.2B), Iraq ($17B), Australia ($16.4B), and Angola ($12.6B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... for China between 2019 and 2020 were United States ($6.04B), United Arab Emirates ($3.67B), and Norway ($2.37B).

Tariffs In 2018, the average tariff for China in Mineral fuels, mineral oils and products of their... was 4.62%. The countries with the highest import tariffs for Mineral fuels, mineral oils and products of their... were Bangladesh (Most Favoured Nation duty rate treatement, 5.68%), South Korea (Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement), 5.6%), Burkina Faso (Most Favoured Nation duty rate treatement, 5.59%), Botswana (Most Favoured Nation duty rate treatement, 5.59%), and Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5.59%).

October 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (October 2021 - October 2022): $1.89B, (56.9%)

IMPORT GROWTH (October 2021 - October 2022): $9.95B, (29.7%)

MAIN EXPORTER (October 2022): Beijing, $2.26B

MAIN DESTINATION (October 2022): Hong Kong, $861M

This section shows Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral...'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 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... over time.

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Historical Data

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EXPORTS (2020): $31B

IMPORTS (2020): $227B

NET TRADE (2020): -$196B

In 2020, China exported $31B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral.... The main destinations of China exports on Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were Hong Kong ($6.06B), Singapore ($4.95B), Philippines ($2.59B), Malaysia ($1.69B), and Australia ($1.65B).

In 2020, China imported $227B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., mainly from Russia ($29.7B), Saudi Arabia ($25.2B), Iraq ($17B), Australia ($16.4B), and Angola ($12.6B).

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Flow

THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... EXPORT MARKETS FOR China WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... BY China WERE (2019 - 2020):

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Market Concentration

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In 2020, China's main exporting competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

In 2020, China's main importing competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

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