China’s crude imports increase 10.3% in June

10 July 2012 07:02  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 21.7m tonnes of crude oil in June, up 10.3% year on year but down by 14.8% from May, according to China Customs data released on Tuesday.

Total crude imports in the first half year increased 11% year on year to 140.1m tonnes, according to the Customs data.

June’s imports of ABS resins decreased 0.6% year on year to 138,043 tonnes, the data read.

The country’s total exports expanded 11.3% on year to $180.2bn in June, while imports grew 6.3% to $148.5bn in the month.

Trade surplus in June expanded by 42.9% on year to $31.7bn, the customs said. 

 

June 2012

January-June 2012

 

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

imports

 

 

 

 

crude

    21,720

10.3

140,070

11.0

oil products

2,930

-13.8

    20,220

-3.8

primary shape plastics

        1,730

6.1

      11,070

-0.1

ABS resins

         138

-0.6

       819

-13.3

polyester chips

          14

-8.3

         95

11.3

natural rubber

         160

60.0

        990

12.8

synthetic rubber

         116

8.2

        720

-1.6

 

            

 

              

 

exports

 

 

 

 

crude

         110

-59.3

       1,280

-1.6

oil products

        2,070

1.5

      11,860

-9.2

plastic products

         741

8.6

       4,067

8.5

source: China Customs


By: Fanny Zhang
+65 6780 4359



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