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Where does China get its refined petroleum products? Import sources 2024

In 2024, China imported $32.6 billion of refined petroleum products (45.4 million tonnes), 3.8% of the world total. Its main sources were Russia (25%), Malaysia (21%) and Singapore (11%). China was the world’s 5th-largest importer of refined petroleum products.

Summary

Value
$32.6billion
Tonnes
45.4million tonnes
Share of world total
3.8%
World rank
5th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Russia8Tonnes: 14,341,483USD per tonne: $55824.6%Sea
Malaysia6.9Tonnes: 8,263,447USD per tonne: $83421.1%Sea
Singapore re-exports3.7Tonnes: 3,202,169USD per tonne: $1,16611.4%Sea
South Korea2.8Tonnes: 3,645,247USD per tonne: $7788.7%Sea
United Arab Emirates2.6Tonnes: 4,098,342USD per tonne: $6378%Sea
India1.2Tonnes: 1,070,091USD per tonne: $1,1363.7%Sea
Iraq1.2Tonnes: 2,458,602USD per tonne: $4803.6%Sea
Japan0.97Tonnes: 1,104,877USD per tonne: $8803%Sea
Qatar0.59Tonnes: 711,486USD per tonne: $8271.8%Sea
Brazil0.54Tonnes: 1,050,249USD per tonne: $5151.7%Sea
Kuwait0.52Tonnes: 767,846USD per tonne: $6761.6%Sea
United States0.41Tonnes: 506,375USD per tonne: $8101.3%Sea
Algeria0.36Tonnes: 520,945USD per tonne: $6841.1%Sea
Taiwan0.3Tonnes: 362,794USD per tonne: $8250.92%Sea
Oman0.29Tonnes: 642,216USD per tonne: $4590.9%Sea
Thailand0.23Tonnes: 307,116USD per tonne: $7600.72%Sea
Tunisia0.23Tonnes: 320,499USD per tonne: $7090.7%Sea
Greece0.2Tonnes: 246,197USD per tonne: $8130.61%Sea
Indonesia0.18Tonnes: 179,942USD per tonne: $1,0280.57%Sea
Saudi Arabia0.18Tonnes: 278,039USD per tonne: $6640.57%Sea

Trend

Who it buys from

Russia has been its main source since 2024

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

  • Russia 8
  • Malaysia 6.9
  • Singapore 3.7
  • South Korea 2.8
  • United Arab Emirates 2.6

Source: CEPII BACI

Show the numbers
Partner19952024
Russia0.188
Malaysia0.016.9
Singapore1.13.7
South Korea0.372.8
United Arab Emirates< 0.012.6

Sources and methodology

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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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