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2022
Exports $4.24BWorld Rnk 25 / 160
Flag Rnk 166 / 1216
2022
Destination $610M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $610MSouth Korea
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $72.7BWorld Rnk 2 / 222
Flag Rnk 4 / 1212
2022
Origin $6.76B Australia
2021 - 2022
FASTEST GROWING ORIGIN $6.76BRussia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $4.24B in Petroleum Gas, making it the 25th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 166th most exported product in China. The main destination of Petroleum Gas exports from China are: Hong Kong ($2.32B), South Korea ($616M), Vietnam ($465M), Philippines ($267M), and Spain ($125M).

The fastest growing export markets for Petroleum Gas of China between 2021 and 2022 were South Korea ($610M), Hong Kong ($366M), and Spain ($125M).

Imports In 2022, China imported $72.7B in Petroleum Gas, becoming the 2nd largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 4th most imported product in China. China imports Petroleum Gas primarily from: Australia ($14.2B), Qatar ($12.3B), Russia ($9.5B), Turkmenistan ($8.83B), and Malaysia ($4.56B).

The fastest growing import markets in Petroleum Gas for China between 2021 and 2022 were Russia ($6.76B), Qatar ($6.31B), and Turkmenistan ($2.9B).

Latest Trends

October 2024

About

Overview In October 2024 China's Petroleum Gas exports accounted up to $312M and imports accounted up to $7.38B, resulting in a negative trade balance of $7.07B. Between October 2023 and October 2024 the exports of China's   Petroleum Gas have increased by $48.6M (18.5%) from $263M to $312M, while imports increased by $1.38B (23%) from $6B to $7.38B.

Destinations In October 2024, Petroleum Gas were exported mostly to Hong Kong ($201M), Philippines ($42.4M), Vietnam ($18.6M), Singapore ($17.7M), and Malta ($12.9M), and were imported mostly from United States ($1.62B), Australia ($1.3B), Russia ($1.02B), Qatar ($955M), and Turkmenistan ($666M).

Growth In October 2024, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($16.9M or 11.1%), Philippines ($3.28M or 32.6%), and Chinese Taipei ($181k or 282%). In October 2024, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from Russia ($527M or 120%), Turkmenistan ($153M or 21.5%), and United Arab Emirates ($91.4M or 29.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$48.6M(18.5%)
IMPORT GROWTH (October 2023 - October 2024)$1.38B(23%)
MAIN EXPORTER (October 2024)Guangdong Province$188M
MAIN DESTINATION (October 2024)Hong Kong$201M

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.24B
IMPORTS (2022)$72.7B
NET TRADE (2022)-$68.4B

In 2022, China exported $4.24B in Petroleum Gas. The main destinations of China exports on Petroleum Gas were Hong Kong ($2.32B), South Korea ($616M), Vietnam ($465M), Philippines ($267M), and Spain ($125M).

In 2022, China imported $72.7B in Petroleum Gas, mainly from Australia ($14.2B), Qatar ($12.3B), Russia ($9.5B), Turkmenistan ($8.83B), and Malaysia ($4.56B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$610M (10.1k%)
Hong Kong$366M (18.7%)
Spain$125M (42.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY China WERE (2021 - 2022):
Vietnam-$24.7M (-5.03%)
Burma-$1.13M (-18%)
United Kingdom-$538k (-12.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Petroleum Gas were:
Norway $154B
United States $116B
Russia $71.5B
In 2022, China's main importing competitors in Petroleum Gas were:
Germany $98B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $340M
TOP IMPORT POTENTIALRussia+ $10.3B

Petroleum Gas’s highest export potential is South Korea. With an export gap of $340M.   Petroleum Gas’s highest import potential is Russia with an import gap of $10.3B.

See methodology.

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