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).

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 treatement, 8.14%), Benin (Most Favoured Nation duty rate treatement, 7.67%), Timor-Leste (Most Favoured Nation duty rate treatement, 7.67%), Peru (Most Favoured Nation duty rate treatement, 7.57%), and Bangladesh (Most Favoured Nation duty rate treatement, 6.89%).

October 2022

Subnational Monthly Trade

#permalink to section
Time Scale
Flow
Value

EXPORT GROWTH (October 2021 - October 2022): $1.39B, (56.8%)

IMPORT GROWTH (October 2021 - October 2022): $171M, (12%)

MAIN EXPORTER (October 2022): Beijing, $2.18B

MAIN DESTINATION (October 2022): Singapore, $820M

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
Value
Compare to

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).

Explore Visualizations

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):

Explore Visualizations

Market Concentration

#permalink to section
View
Flow
Type

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

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

Explore Visualizations