Overview In July 2022 China's Crude Petroleum exports accounted up to $29.2M and imports accounted up to $30.2B, resulting in a negative trade balance of $30.1B. Between January 2021 and July 2022 the exports of China's Crude Petroleum have increased by $17M (138%) from $12.3M to $29.2M, while imports increased by $8.45B (38.9%) from $21.7B to $30.2B.
Destinations In July 2022, Crude Petroleum were exported mostly to Malaysia ($29.2M), and were imported mostly from Saudi Arabia ($5.58B), Russia ($4.93B), United Arab Emirates ($3.04B), Iraq ($3.03B), and Oman ($2.4B).
Growth In July 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In July 2022, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from United Arab Emirates ($320M or 37.4%), Qatar ($182M or 281%), and Republic of the Congo ($173M or 68.6%).