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2023
Exports $3.82BWorld Rnk 22 / 163
Flag Rnk 160 / 1215
2023
Destination $135M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $135MThailand
2023
PRODUCT COMPLEXITY IN Petroleum Gas-2.01Rnk 998 / 1025
2023
Imports $83.7BWorld Rnk 1 / 220
Flag Rnk 5 / 1214
2023
Origin $5.65B Australia
2022 - 2023
FASTEST GROWING ORIGIN $5.65BUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $3.82B in Petroleum Gas, making it the 22nd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 160th most exported product in China. The main destination of Petroleum Gas exports from China are: Hong Kong ($2.27B), South Korea ($334M), Philippines ($225M), Thailand ($201M), and Vietnam ($185M).

The fastest growing export markets for Petroleum Gas of China between 2022 and 2023 were Thailand ($135M), Japan ($95.6M), and Bangladesh ($75.3M).

Imports In 2023, China imported $83.7B in Petroleum Gas, becoming the 1st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 5th most imported product in China. China imports Petroleum Gas primarily from: Australia ($15.1B), Qatar ($11.9B), Russia ($11.7B), United States ($10.3B), and Turkmenistan ($9.61B).

The fastest growing import markets in Petroleum Gas for China between 2022 and 2023 were United States ($5.65B), Russia ($850M), and Nigeria ($494M).

Latest Trends

December 2024

About

Overview In December 2024 China's Petroleum Gas exports accounted up to $282M and imports accounted up to $7.95B, resulting in a negative trade balance of $7.67B. Between December 2023 and December 2024 the exports of China's   Petroleum Gas have decreased by $-132M (-31.9%) from $414M to $282M, while imports decreased by $-1.11B (-12.2%) from $9.06B to $7.95B.

Destinations In December 2024, Petroleum Gas were exported mostly to Hong Kong ($155M), Japan ($41.3M), Philippines ($32.6M), Vietnam ($22M), and France ($8.98M), and were imported mostly from Qatar ($1.39B), Australia ($1.39B), Russia ($1.26B), United States ($1.2B), and Turkmenistan ($752M).

Growth In December 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-15.5M or -9.14%), Vietnam ($-5.5M or -29.7%), and Malta ($-1.55M or -11.5%). In December 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Australia ($-254M or -16%), Malaysia ($-207M or -30.2%), and Qatar ($-157M or -11.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-132M(-31.9%)
IMPORT GROWTH (December 2023 - December 2024)$-1.11B(-12.2%)
MAIN EXPORTER (December 2024)Guangdong Province$192M
MAIN DESTINATION (December 2024)Hong Kong$155M

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 (2023)$3.82B
IMPORTS (2023)$83.7B
NET TRADE (2023)-$79.9B

In 2023, China exported $3.82B in Petroleum Gas. The main destinations of China exports on Petroleum Gas were Hong Kong ($2.27B), South Korea ($334M), Philippines ($225M), Thailand ($201M), and Vietnam ($185M).

In 2023, China imported $83.7B in Petroleum Gas, mainly from Australia ($15.1B), Qatar ($11.9B), Russia ($11.7B), United States ($10.3B), and Turkmenistan ($9.61B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR China WERE (2022 - 2023):
Thailand$135M (205%)
Japan$95.6M (141%)
Bangladesh$75.3M (1.13k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY China WERE (2022 - 2023):
South Korea-$196M (-36.9%)
Hong Kong-$175M (-7.18%)
Vietnam-$130M (-41.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Petroleum Gas were:
United States $83.2B
Qatar $71.1B
Norway $70.8B
In 2023, China's main importing competitors in Petroleum Gas were:
Japan $52.5B
France $45.4B

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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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