Exports In 2021, China exported $30.5B in Refined Petroleum, making it the 9th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 17th most exported product in China. The main destination of Refined Petroleum exports from China are: Singapore ($5.29B), Hong Kong ($4.08B), Philippines ($3.28B), Liberia ($1.91B), and Panama ($1.59B).
The fastest growing export markets for Refined Petroleum of China between 2020 and 2021 were Pakistan ($1.36B), South Korea ($848M), and Philippines ($848M).
Imports In 2021, China imported $22.4B in Refined Petroleum, becoming the 7th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 14th most imported product in China. China imports Refined Petroleum primarily from: South Korea ($5.92B), Russia ($3.91B), Qatar ($2.23B), Singapore ($1.89B), and Malaysia ($1.72B).
The fastest growing import markets in Refined Petroleum for China between 2020 and 2021 were Qatar ($1.85B), Russia ($1.73B), and Singapore ($506M).
Tariffs In 2018, the average tariff for China in Refined Petroleum was 6.26%. The countries with the highest import tariffs for Refined Petroleum were Pakistan (Most Favoured Nation duty rate treatment, 8.14%), Benin (Most Favoured Nation duty rate treatment, 7.67%), Timor-Leste (Most Favoured Nation duty rate treatment, 7.67%), Peru (Most Favoured Nation duty rate treatment, 7.57%), and Bangladesh (Most Favoured Nation duty rate treatment, 6.89%).