Mineral fuels, mineral oils and products of their distillation in China

Overview: In December 2020 China's Mineral fuels, mineral oils and products of their distillation exports accounted up to $2.64B and imports accounted up to $21.8B, resulting in a negative trade balance of $19.2B. Between December 2019 and December 2020 the exports of China's   Mineral fuels, mineral oils and products of their distillation have decreased by $-936M (-26.2%) from $3.58B to $2.64B, while imports decreased by $-7.6B (-25.8%) from $29.4B to $21.8B.

Destinations: In December 2020 Mineral fuels, mineral oils and products of their distillation exported mostly to Hong Kong ($455M), Philippines ($314M), Singapore ($292M), Panama ($187M), and Liberia ($159M), and imported mostly from Russia ($2.93B), Saudi Arabia ($2.36B), United States ($2B), Malaysia ($1.77B), and Indonesia ($1.4B).

Growth: In December 2020, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-537M or -64.8%), Australia ($-185M or -64.3%), and Malaysia ($-169M or -63.8%). In December 2020, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from Oman ($-1.62B or -70.8%), Iraq ($-1.23B or -55.4%), and Saudi Arabia ($-1.16B or -33%).