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

Overview In December 2024 China's Mineral fuels, mineral oils and products of their distillation exports accounted up to $3.58B and imports accounted up to $40.5B, resulting in a negative trade balance of $36.9B. Between December 2023 and December 2024 the exports of China's   Mineral fuels, mineral oils and products of their distillation have decreased by $-1.15B (-24.4%) from $4.73B to $3.58B, while imports decreased by $-6.64B (-14.1%) from $47.2B to $40.5B.

Destinations In December 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Hong Kong ($710M), Singapore ($481M), Malaysia ($253M), Japan ($242M), and Liberia ($169M), and were imported mostly from Russia ($7.49B), Malaysia ($4.12B), Saudi Arabia ($3.62B), Iraq ($2.61B), and Oman ($2.53B).

Growth In December 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 Bangladesh ($-511M or -93.4%), Philippines ($-286M or -65.2%), and Singapore ($-285M or -28.9%). In December 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from Saudi Arabia ($-1.06B or -21%), Indonesia ($-538M or -22.3%), and United Kingdom ($-532M or -86%).