2021
Exports | Imports
$30.5B | $22.4BWorld Rnk 9 / 218
Flag Rnk 17 / 1215
World Rnk 7 / 226
Flag Rnk 14 / 1214
2021
ECONOMIC COMPLEXITY of China
1.07Rnk 25 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

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).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$-3.04B(-45.8%)
IMPORT GROWTH (December 2022 - December 2023)$737M(38.8%)
MAIN EXPORTER (December 2023)Beijing$3.76B
MAIN DESTINATION (December 2023)Hong Kong$835M

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$30.5B
IMPORTS (2021)$22.4B
NET TRADE (2021)$8.13B

In 2021, China exported $30.5B in Refined Petroleum. The main destinations of China exports on Refined Petroleum were Singapore ($5.29B), Hong Kong ($4.08B), Philippines ($3.28B), Liberia ($1.91B), and Panama ($1.59B).

In 2021, China imported $22.4B in Refined Petroleum, mainly from South Korea ($5.92B), Russia ($3.91B), Qatar ($2.23B), Singapore ($1.89B), and Malaysia ($1.72B).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR China WERE (2020 - 2021):
Pakistan$1.36B (905%)
South Korea$848M (146%)
Philippines$848M (34.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY China WERE (2020 - 2021):
Australia-$211M (-14.5%)
Mexico-$159M (-52.9%)
United Arab Emirates-$150M (-52.3%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, China's main exporting competitors in Refined Petroleum were:
In 2021, China's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

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