Petroleum Gas in China 2020 Exports | Imports : $2.37B | $36.6B, World Rnk 21 / 152 Rnk 198 / 1215 | World Rnk 1 / 220 Rnk 6 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $345M | $2.31B, Hong Kong | United States
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Petroleum Gas: -1.98, Rnk 1003 / 1029
Exports In 2020, China exported $2.37B in Petroleum Gas, making it the 21st largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 198th most exported product in China. The main destination of Petroleum Gas exports from China are: Hong Kong ($1.78B), Vietnam ($350M), Philippines ($167M), Macau ($40.6M), and Indonesia ($6.66M).
The fastest growing export markets for Petroleum Gas of China between 2019 and 2020 were Hong Kong ($345M), Indonesia ($3.66M), and Singapore ($2.1M).
Imports In 2020, China imported $36.6B in Petroleum Gas, becoming the 1st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 6th most imported product in China. China imports Petroleum Gas primarily from: Australia ($9.55B), Turkmenistan ($5.25B), Qatar ($4.24B), United States ($2.47B), and Indonesia ($1.62B).
The fastest growing import markets in Petroleum Gas for China between 2019 and 2020 were United States ($2.31B), Russia ($796M), and Angola ($320M).
Tariffs In 2018, the average tariff for China in Petroleum Gas was 3.89%. 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%).
October 2022
Overview In October 2022 China's Petroleum Gas exports accounted up to $609M and imports accounted up to $6.93B, resulting in a negative trade balance of $6.32B. Between October 2021 and October 2022 the exports of China's Petroleum Gas have increased by $368M (153%) from $241M to $609M, while imports increased by $350M (5.32%) from $6.58B to $6.93B.
Destinations In October 2022, Petroleum Gas were exported mostly to South Korea ($330M), Hong Kong ($236M), Vietnam ($15.1M), Malta ($12M), and Philippines ($11.1M), and were imported mostly from Russia ($1.41B), Australia ($1.1B), Qatar ($995M), Turkmenistan ($906M), and United States ($588M).
Growth In October 2022, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Philippines ($4M or 162%), Singapore ($165k or 16.8%), and United States ($111k or 226%). In October 2022, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from United States ($761M or 300k%), Malaysia ($112M or 54.3%), and Oman ($105M or 53.3%).
EXPORT GROWTH (October 2021 - October 2022): $368M, (153%)
IMPORT GROWTH (October 2021 - October 2022): $350M, (5.32%)
MAIN EXPORTER (October 2022): Guangdong Province, $466M
MAIN DESTINATION (October 2022): South Korea, $330M
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 (2020): $2.37B
IMPORTS (2020): $36.6B
NET TRADE (2020): -$34.2B
In 2020, China exported $2.37B in Petroleum Gas. The main destinations of China exports on Petroleum Gas were Hong Kong ($1.78B), Vietnam ($350M), Philippines ($167M), Macau ($40.6M), and Indonesia ($6.66M).
In 2020, China imported $36.6B in Petroleum Gas, mainly from Australia ($9.55B), Turkmenistan ($5.25B), Qatar ($4.24B), United States ($2.47B), and Indonesia ($1.62B).
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Petroleum Gas were:
In 2020, China's main importing competitors in Petroleum Gas were:
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