2022
Exports
$14.9BWorld Rnk 19 / 214
Flag Rnk 4 / 1195
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$8.89BWorld Rnk 31 / 225
Flag Rnk 8 / 1210
2022
ECONOMIC COMPLEXITY of Chinese Taipei
1.94Rnk 3 / 133

About

Exports In 2022, Chinese Taipei exported $14.9B in Refined Petroleum, making it the 19th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Chinese Taipei. The main destination of Refined Petroleum exports from Chinese Taipei are: Australia ($3.48B), Singapore ($2.97B), Malaysia ($1.77B), Philippines ($1.16B), and Togo ($649M).

The fastest growing export markets for Refined Petroleum of Chinese Taipei between 2021 and 2022 were Australia ($2.57B), Singapore ($1.19B), and Philippines ($734M).

Imports In 2022, Chinese Taipei imported $8.89B in Refined Petroleum, becoming the 31st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most imported product in Chinese Taipei. Chinese Taipei imports Refined Petroleum primarily from: United Arab Emirates ($2.6B), India ($977M), Malaysia ($859M), South Korea ($858M), and Russia ($528M).

The fastest growing import markets in Refined Petroleum for Chinese Taipei between 2021 and 2022 were Russia ($432M), India ($352M), and Malaysia ($335M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.9B
IMPORTS (2022)$8.89B
NET TRADE (2022)$5.98B

In 2022, Chinese Taipei exported $14.9B in Refined Petroleum. The main destinations of Chinese Taipei exports on Refined Petroleum were Australia ($3.48B), Singapore ($2.97B), Malaysia ($1.77B), Philippines ($1.16B), and Togo ($649M).

In 2022, Chinese Taipei imported $8.89B in Refined Petroleum, mainly from United Arab Emirates ($2.6B), India ($977M), Malaysia ($859M), South Korea ($858M), and Russia ($528M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Chinese Taipei WERE (2021 - 2022):
Australia$2.57B (280%)
Singapore$1.19B (67.2%)
Philippines$734M (174%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Chinese Taipei WERE (2021 - 2022):
South Korea-$598M (-62%)
United Arab Emirates-$88.5M (-73.9%)
Indonesia-$70.5M (-59.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Chinese Taipei's main exporting competitors in Refined Petroleum were:
In 2022, Chinese Taipei's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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