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

2019
Exports | Imports
: $43.8B | $303B, World Rnk 14 / 218
Flag Rnk 13 / 96 | World Rnk 1 / 225
Flag Rnk 1 / 96

2019
Destination | Origin
: $8.65B | $40.1B, Hong Kong | Russia

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $1.01B | $9.01B, Philippines |  Saudi Arabia

2019
ECONOMIC COMPLEXITY of China
: 1.06, Rnk 29 / 157

2019
PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation
: -2.45, Rnk 96 / 96

Exports: In 2019, China exported $43.8B in Mineral fuels, mineral oils and products of their distillation, making it the 14th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 13th most exported product in China. The main destination of Mineral fuels, mineral oils and products of their distillation exports from China are: Hong Kong ($8.65B), Singapore ($7.95B), Philippines ($3.6B), Australia ($2.53B), and Vietnam ($2.27B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of China between 2018 and 2019 were Philippines ($1.01B), Australia ($718M), and Thailand ($667M).

Imports: In 2019, China imported $303B in Mineral fuels, mineral oils and products of their distillation, becoming the 1st largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in China. China imports Mineral fuels, mineral oils and products of their distillation primarily from: Russia ($40.1B), Saudi Arabia ($36.6B), Australia ($21.9B), Iraq ($21.1B), and Angola ($20.5B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for China between 2018 and 2019 were Saudi Arabia ($9.01B), Qatar ($1.65B), and Gabon ($1.34B).

Tariffs: In 2018, the average tariff for China in Mineral fuels, mineral oils and products of their... was 4.61%. The countries with the highest import tariffs for Mineral fuels, mineral oils and products of their... were Bangladesh (5.68%), South Korea (5.6%), Burkina Faso (5.59%), Botswana (5.59%), and Cote d'Ivoire (5.59%).

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%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (December 2019 - December 2020): $-936M, (-26.2%)

IMPORT GROWTH (December 2019 - December 2020): $-7.6B, (-25.8%)

MAIN EXPORTER (December 2020): Beijing, $1.39B

MAIN DESTINATION (December 2020): Hong Kong, $455M

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

Value

EXPORTS (2019): $43.8B

IMPORTS (2019): $303B

NET TRADE (2019): -$259B

In 2019, China exported $43.8B in Mineral fuels, mineral oils and products of their distillation. The main destinations of China exports on Mineral fuels, mineral oils and products of their distillation were Hong Kong ($8.65B), Singapore ($7.95B), Philippines ($3.6B), Australia ($2.53B), and Vietnam ($2.27B).

In 2019, China imported $303B in Mineral fuels, mineral oils and products of their distillation, mainly from Russia ($40.1B), Saudi Arabia ($36.6B), Australia ($21.9B), Iraq ($21.1B), and Angola ($20.5B).

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IN 2019, China HAD A POSITIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation WITH:

IN 2019, China HAD A NEGATIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation WITH:

Flow

THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR China WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY China WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, China's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:

In 2018, China's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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