Daqing's economy is mainly based on oil and petroleum. There are lots of major pipelines that transport oil to and from the rest of China and Russia. In 2013, Russia agreed to send oil to China. That oil will be going through the pipeline to Daqing. Close to 60% of the gross domestic product (GDP) was because of petroleum and oil exports. Daqing had a GDP of 298 billion renminbi in 2015.