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In August 2021, the trade revenue of petroleum and related products in China was around 168 billion yuan. The trading revenue decreased by roughly one fourth compared to 2019. Whereas in 2019, the trade value of petroleum products was between 167 and 181 billion yuan per month, it dropped to around 150 billion yuan per month in 2020 and 2021. This drop is potentially the result of the economic impact of COVID-19.

Trade revenue of petroleum and related products in China from August 2020 to August 2021 (in billion yuan)

Characteristic	Revenue in billion yuan
Aug '21	168.4
Jul '21	175.32
Jun '21	182.32
May '21	174.21
Apr '21	164.24
Mar '21	174.16
Jan/Feb '21*	273.81
Dec '20	174.23
Nov '20	153.24
Oct '20	154.05
Sep '20	156.04
Aug '20	148.06

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Release date

September 2021

More information

Region

China

Survey time period

August 2020 to August 2021

Supplementary notes

* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.

Note: 1 yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of July 2021).

According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.
During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.

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