HS Icon Refined Petroleum in  Flag China

2020
Exports | Imports
: $23.9B | $16.2B, World Rnk 6 / 212
Flag Rnk 17 / 1215 | World Rnk 5 / 224
Flag Rnk 15 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $413M | $255M, Liberia |  Malaysia

2020
ECONOMIC COMPLEXITY of China
: 0.96, Rnk 28 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, China exported $23.9B in Refined Petroleum, making it the 6th 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 ($4.88B), Hong Kong ($3.46B), Philippines ($2.4B), Australia ($1.46B), and Malaysia ($1.41B).

The fastest growing export markets for Refined Petroleum of China between 2019 and 2020 were Liberia ($413M), Chile ($158M), and Pakistan ($141M).

Imports In 2020, China imported $16.2B in Refined Petroleum, becoming the 5th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 15th most imported product in China. China imports Refined Petroleum primarily from: South Korea ($5.62B), Russia ($2.18B), Malaysia ($1.61B), Singapore ($1.39B), and India ($1.1B).

The fastest growing import markets in Refined Petroleum for China between 2019 and 2020 were Malaysia ($255M), Australia ($95.9M), and Egypt ($79.6M).

September 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (September 2021 - September 2022): $3.05B, (125%)

IMPORT GROWTH (September 2021 - September 2022): $119M, (8.24%)

MAIN EXPORTER (September 2022): Beijing, $3.68B

MAIN DESTINATION (September 2022): Hong Kong, $1.21B

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

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EXPORTS (2020): $23.9B

IMPORTS (2020): $16.2B

NET TRADE (2020): $7.74B

In 2020, China exported $23.9B in Refined Petroleum. The main destinations of China exports on Refined Petroleum were Singapore ($4.88B), Hong Kong ($3.46B), Philippines ($2.4B), Australia ($1.46B), and Malaysia ($1.41B).

In 2020, China imported $16.2B in Refined Petroleum, mainly from South Korea ($5.62B), Russia ($2.18B), Malaysia ($1.61B), Singapore ($1.39B), and India ($1.1B).

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Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR China WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY China WERE (2019 - 2020):

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Market Concentration

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In 2020, China's main exporting competitors in Refined Petroleum were:

In 2020, China's main importing competitors in Refined Petroleum were:

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