HS Icon Refined Petroleum in  Flag China

2021
Exports | Imports
: $30.5B | $22.4B, World Rnk 9 / 218
Flag Rnk 17 / 1215 | World Rnk 7 / 226
Flag Rnk 14 / 1214

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.36B | $1.85B, Pakistan |  Qatar

2021
ECONOMIC COMPLEXITY of China
: 1.07, Rnk 25 / 131

2021
PRODUCT COMPLEXITY IN Refined Petroleum
: -0.92, Rnk 817 / 1029

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%).

April 2023

Subnational Monthly Trade

#permalink to section
Time Scale
Flow
Color

EXPORT GROWTH (April 2022 - April 2023): $-821M, (-22.6%)

IMPORT GROWTH (April 2022 - April 2023): $1.26B, (96.7%)

MAIN EXPORTER (April 2023): Beijing, $1.7B

MAIN DESTINATION (April 2023): Hong Kong, $645M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

#permalink to section
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

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR China WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY China WERE (2020 - 2021):

Explore Visualizations

Market Concentration

#permalink to section
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