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Who buys China’s refined petroleum products? Export destinations 2024

In 2024, China exported $30.4 billion of refined petroleum products (44 million tonnes), 3.5% of the world total. Its main destinations were Hong Kong (16%), Singapore (15%) and the Philippines (8%). China was the world’s 10th-largest exporter of refined petroleum products.

Summary

Value
$30.4billion
Tonnes
44million tonnes
Share of world total
3.5%
World rank
10th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Hong Kong re-exports4.7Tonnes: 8,353,326USD per tonne: $56615.6%Sea
Singapore re-exports4.6Tonnes: 6,863,780USD per tonne: $67615.3%Sea
Philippines2.6Tonnes: 3,671,598USD per tonne: $6998.5%Sea
Malaysia2.5Tonnes: 2,922,236USD per tonne: $8578.3%Sea
Liberia2.2Tonnes: 3,590,099USD per tonne: $6097.2%Sea
Australia2.2Tonnes: 3,311,177USD per tonne: $6507.1%Sea
Marshall Islands1.5Tonnes: 2,367,882USD per tonne: $6324.9%Sea
Bangladesh1.4Tonnes: 1,890,154USD per tonne: $7394.6%Sea
Indonesia1Tonnes: 1,358,815USD per tonne: $7663.4%Sea
Vietnam0.99Tonnes: 1,302,076USD per tonne: $7603.3%Sea
Japan0.85Tonnes: 1,163,765USD per tonne: $7282.8%Sea
France0.53Tonnes: 656,668USD per tonne: $8051.7%Sea
United Kingdom0.46Tonnes: 389,384USD per tonne: $1,1721.5%Sea
United States0.38Tonnes: 568,173USD per tonne: $6671.3%Sea
Myanmar0.35Tonnes: 292,957USD per tonne: $1,1791.1%Land
Netherlands re-exports0.33Tonnes: 417,407USD per tonne: $8021.1%Sea
United Arab Emirates0.3Tonnes: 368,393USD per tonne: $8160.99%Sea
South Korea0.24Tonnes: 353,932USD per tonne: $6850.8%Sea
Brunei0.24Tonnes: 288,527USD per tonne: $8260.79%Sea
Taiwan0.22Tonnes: 437,078USD per tonne: $5080.73%Sea

Trend

Who it sells to

Hong Kong has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • Hong Kong 4.7
  • Singapore 4.6
  • Philippines 2.6
  • Malaysia 2.5
  • Liberia 2.2

Source: CEPII BACI

Show the numbers
Partner19952024
Hong Kong0.054.7
Singapore0.14.6
Philippines0.022.6
Malaysia< 0.012.5
Liberia< 0.012.2

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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