Petroleum Gas in China 2021 Exports | Imports : $1.9B | $56.6B, World Rnk 29 / 165 Rnk 280 / 1215 | World Rnk 1 / 221 Rnk 4 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $242M | $5.48B, Hong Kong | Australia
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Petroleum Gas: -2.03, Rnk 1001 / 1024
Exports In 2021, China exported $1.9B in Petroleum Gas, making it the 29th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 280th most exported product in China. The main destination of Petroleum Gas exports from China are: Hong Kong ($1.09B), Vietnam ($469M), Philippines ($259M), Macau ($38.1M), and Burma ($6.28M).
The fastest growing export markets for Petroleum Gas of China between 2020 and 2021 were Hong Kong ($242M), Vietnam ($120M), and Philippines ($101M).
Imports In 2021, China imported $56.6B in Petroleum Gas, becoming the 1st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 4th most imported product in China. China imports Petroleum Gas primarily from: Australia ($15B), United States ($6.33B), Qatar ($5.94B), Turkmenistan ($4.74B), and Malaysia ($3.27B).
The fastest growing import markets in Petroleum Gas for China between 2020 and 2021 were Australia ($5.48B), United States ($3.86B), and Qatar ($1.71B).
June 2023
Overview In June 2023 China's Petroleum Gas exports accounted up to $264M and imports accounted up to $6.77B, resulting in a negative trade balance of $6.51B. Between June 2022 and June 2023 the exports of China's Petroleum Gas have increased by $17.5M (7.07%) from $247M to $264M, while imports decreased by $-80.2M (-1.17%) from $6.85B to $6.77B.
Destinations In June 2023, Petroleum Gas were exported mostly to Hong Kong ($211M), Vietnam ($12.8M), Malta ($10.5M), Thailand ($9.99M), and Philippines ($9.97M), and were imported mostly from Australia ($1.21B), Russia ($1.07B), Qatar ($825M), Turkmenistan ($805M), and United States ($707M).
Growth In June 2023, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($95M or 166%), Philippines ($3.59M or 55.6%), and Vietnam ($3.43M or 22.1%). In June 2023, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Nigeria ($-83.3M or -46.5%), Papua New Guinea ($-65.5M or -42.5%), and Kazakhstan ($-53.3M or -98.6%).
EXPORT GROWTH (June 2022 - June 2023): $17.5M, (7.07%)
IMPORT GROWTH (June 2022 - June 2023): $-80.2M, (-1.17%)
MAIN EXPORTER (June 2023): Guangdong Province, $370M
MAIN DESTINATION (June 2023): Hong Kong, $211M
This section shows Petroleum Gas'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 Petroleum Gas over time.
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EXPORTS (2021): $1.9B
IMPORTS (2021): $56.6B
NET TRADE (2021): -$54.7B
In 2021, China exported $1.9B in Petroleum Gas. The main destinations of China exports on Petroleum Gas were Hong Kong ($1.09B), Vietnam ($469M), Philippines ($259M), Macau ($38.1M), and Burma ($6.28M).
In 2021, China imported $56.6B in Petroleum Gas, mainly from Australia ($15B), United States ($6.33B), Qatar ($5.94B), Turkmenistan ($4.74B), and Malaysia ($3.27B).
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Petroleum Gas were:
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