Petroleum Gas in China 2019 Exports | Imports : $2.44B | $47.8B, World Rnk 25 / 152 Rnk 203 / 1216 | World Rnk 1 / 219 Rnk 4 / 1212
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $242M | $1.73B, Vietnam | Australia
2019 ECONOMIC COMPLEXITY of China: 1, Rnk 30 / 147
2019 PRODUCT COMPLEXITY IN Petroleum Gas: -2.48, Rnk 1023 / 1029
Exports In 2019, China exported $2.44B in Petroleum Gas, making it the 25th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 203rd most exported product in China. The main destination of Petroleum Gas exports from China are: Hong Kong ($1.42B), Vietnam ($568M), Philippines ($336M), Macau ($57.9M), and Japan ($20.4M).
The fastest growing export markets for Petroleum Gas of China between 2018 and 2019 were Vietnam ($242M), Philippines ($158M), and Hong Kong ($70.5M).
Imports In 2019, China imported $47.8B 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 ($11.8B), Qatar ($7.81B), Turkmenistan ($7.59B), Malaysia ($2.57B), and Indonesia ($2.08B).
The fastest growing import markets in Petroleum Gas for China between 2018 and 2019 were Australia ($1.73B), Qatar ($1.66B), and Oman ($1.08B).
Tariffs In 2018, the average tariff for China in Petroleum Gas was 3.88%. The countries with the highest import tariffs for Petroleum Gas were Burkina Faso (Most Favoured Nation duty rate treatement, 4.92%), Botswana (Most Favoured Nation duty rate treatement, 4.92%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 4.92%), Cameroon (Most Favoured Nation duty rate treatement, 4.92%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 4.92%).
July 2021
Overview In July 2021 China's Petroleum Gas exports accounted up to $218M and imports accounted up to $5.09B, resulting in a negative trade balance of $4.88B. Between July 2020 and July 2021 the exports of China's Petroleum Gas have increased by $196M (879%) from $22.3M to $218M, while imports increased by $2.08B (69.1%) from $3.01B to $5.09B.
Destinations In July 2021, Petroleum Gas were exported mostly to Hong Kong ($178M), Vietnam ($17.4M), Philippines ($15.1M), Macau ($4.85M), and Singapore ($1.11M), and were imported mostly from Australia ($1.04B), United States ($878M), Turkmenistan ($579M), Qatar ($579M), and Russia ($312M).
Growth In July 2021, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Vietnam ($7.61M or 77.5%), Philippines ($5.38M or 55.2%), and Singapore ($623k or 127%). In July 2021, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from United States ($654M or 291%), Qatar ($273M or 89.5%), and Russia ($182M or 140%).
EXPORT GROWTH (July 2020 - July 2021): $196M, (879%)
IMPORT GROWTH (July 2020 - July 2021): $2.08B, (69.1%)
MAIN EXPORTER (July 2021): Guangdong Province, $129M
MAIN DESTINATION (July 2021): Hong Kong, $178M
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 (2019): $2.44B
IMPORTS (2019): $47.8B
NET TRADE (2019): -$45.3B
In 2019, China exported $2.44B in Petroleum Gas. The main destinations of China exports on Petroleum Gas were Hong Kong ($1.42B), Vietnam ($568M), Philippines ($336M), Macau ($57.9M), and Japan ($20.4M).
In 2019, China imported $47.8B in Petroleum Gas, mainly from Australia ($11.8B), Qatar ($7.81B), Turkmenistan ($7.59B), Malaysia ($2.57B), and Indonesia ($2.08B).
IN 2019, China HAD A POSITIVE NET TRADE IN Petroleum Gas WITH:
IN 2019, China HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR China WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY China WERE (2018 - 2019):
In 2019, China's main exporting competitors in Petroleum Gas were:
In 2019, China's main importing competitors in Petroleum Gas were:
In 2018, the average tariff for China in Petroleum Gas was 3.88%.
The countries with the highest tariffs for Petroleum Gas in China were Burkina Faso (Most Favoured Nation duty rate treatement, 4.92%), Botswana (Most Favoured Nation duty rate treatement, 4.92%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 4.92%), Cameroon (Most Favoured Nation duty rate treatement, 4.92%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 4.92%).