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%).