2022
Exports
$1.78kWorld Rnk 121 / 149
Flag Rnk 1176 / 1195
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$37BWorld Rnk 11 / 158
Flag Rnk 2 / 1210
2022
ECONOMIC COMPLEXITY of Chinese Taipei
1.94Rnk 3 / 133

About

Exports In 2022, Chinese Taipei exported $1.78k in Crude Petroleum, making it the 121st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1176th most exported product in Chinese Taipei. The main destination of Crude Petroleum exports from Chinese Taipei are: Mexico ($585), Denmark ($425), Netherlands ($320), Belgium ($253), and Canada ($115).

The fastest growing export markets for Crude Petroleum of Chinese Taipei between 2021 and 2022 were Mexico ($585), Denmark ($425), and Belgium ($253).

Imports In 2022, Chinese Taipei imported $37B in Crude Petroleum, becoming the 11th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Chinese Taipei. Chinese Taipei imports Crude Petroleum primarily from: Saudi Arabia ($10.2B), Mexico ($6.74B), Kuwait ($6.4B), United States ($5.99B), and United Arab Emirates ($2.59B).

The fastest growing import markets in Crude Petroleum for Chinese Taipei between 2021 and 2022 were Saudi Arabia ($3.81B), United States ($2.35B), and Kuwait ($2.12B).

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 Crude 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)$1.78k
IMPORTS (2022)$37B
NET TRADE (2022)-$37B

In 2022, Chinese Taipei exported $1.78k in Crude Petroleum. The main destinations of Chinese Taipei exports on Crude Petroleum were Mexico ($585), Denmark ($425), Netherlands ($320), Belgium ($253), and Canada ($115).

In 2022, Chinese Taipei imported $37B in Crude Petroleum, mainly from Saudi Arabia ($10.2B), Mexico ($6.74B), Kuwait ($6.4B), United States ($5.99B), and United Arab Emirates ($2.59B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Chinese Taipei WERE (2021 - 2022):
Mexico$585 (1%)
Denmark$425 (1%)
Belgium$253 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Chinese Taipei WERE (2021 - 2022):
United Arab Emirates-$1.54k (-100%)
Thailand-$375 (-100%)
South Korea-$8 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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