China crude imports up 8.7% in March, posts overall trade surplus

10 April 2012 07:31  [Source: ICIS news]

SINGAPORE (ICIS)--China’s imports of crude oil rose by 8.7% year on year to 23.6 m tonnes in March, customs data showed on Tuesday.

Total crude imports in the first three months of 2012 rose by 11.4% year on year to 70.6m tonnes, the data from China Customs showed.

Meanwhile, imports of ABS resins fell by 18.8% year on year to 147,000 tonnes in March, according to China Customs.

The country’s overall exports grew by 8.9% year on year to $165.6bn in March, while imports grew 5.3% to $160.3bn in the month, the data showed.

This resulted in a trade surplus of $5.3bn, reversing a $31.5bn deficit in February, according to the data.

 

March 2012

January-March 2012

 

'000 tonnes

% change

 (y-o-y)

'000 tonnes

% change

 (y-o-y)

Imports

 

 

 

 

Crude

23,550

8.7

70,610

11.4

Oil Products

3,920

1.0

10,800

-2.1

Primary Shape Plastics

2,030

-8.1

5,750

-2.6

ABS resins

147

-18.8

411

-14.5

Polyester Chips

16

-1.2

48

16.8

Natural rubber

190

-13.6

480

2.4

Synthetic rubber

135

-12.5

360

-6.5

 

 

 

 

 

Exports

 

 

 

 

Crude

210

-38.2

950

37.6

Oil Products

2,060

-19.8

6,060

-7.1

Plastic Products

717

15.2

1,809

6.6

Source: China Customs


By: Fanny Zhang
+65 6780 4359



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