Mineral fuels, mineral oils and products of their distillation in   China

Overview In July 2024 China's Mineral fuels, mineral oils and products of their distillation exports accounted up to $4.78B and imports accounted up to $40.9B, resulting in a negative trade balance of $36.1B. Between July 2023 and July 2024 the exports of China's   Mineral fuels, mineral oils and products of their distillation have decreased by $-50.2M (-1.04%) from $4.83B to $4.78B, while imports increased by $3.41B (9.09%) from $37.5B to $40.9B.

Destinations In July 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Hong Kong ($986M), Singapore ($583M), Philippines ($404M), Indonesia ($298M), and Australia ($269M), and were imported mostly from Russia ($7.16B), Malaysia ($4.45B), Saudi Arabia ($4.14B), Iraq ($2.87B), and United States ($2.49B).

Growth In July 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to Panama ($-172M or -57.7%), Spain ($-125M or -98.5%), and Liberia ($-117M or -36.2%). In July 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by an increase in imports from Russia ($1.52B or 26.6%), Mongolia ($433M or 360%), and United Arab Emirates ($390M or 16%).