Refined Petroleum in China 2020 Exports | Imports : $23.9B | $16.2B, World Rnk 6 / 212 Rnk 17 / 1215 | World Rnk 5 / 224 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
Overview In September 2022 China's Refined Petroleum exports accounted up to $5.47B and imports accounted up to $1.56B, resulting in a positive trade balance of $3.91B. Between September 2021 and September 2022 the exports of China's Refined Petroleum have increased by $3.05B (125%) from $2.43B to $5.47B, while imports increased by $119M (8.24%) from $1.44B to $1.56B.
Destinations In September 2022, Refined Petroleum were exported mostly to Hong Kong ($1.21B), Singapore ($1.14B), Liberia ($515M), Philippines ($353M), and Bangladesh ($347M), and were imported mostly from Russia ($294M), United Arab Emirates ($264M), South Korea ($261M), Kuwait ($149M), and Singapore ($123M).
Growth In September 2022, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to Malaysia ($176M or 393%), Liberia ($55.5M or 92.6%), and Pakistan ($54.3M or 30k%). In September 2022, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from India ($50.4M or 14.3k%), Greece ($38.7M or 2.24M%), and Italy ($8.72M or 1.49k%).
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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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).
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):
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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