China July crude imports rise 5.6%; overall exports grow 1%

10 August 2012 07:08  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 21.8m tonnes of crude oil in July, up 5.6% year on year and 0.5% higher from June, official statistics showed.

In the first seven months of the year, China’s total crude imports increased 10.2% year on year to 161.9m tonnes, according to China Customs data.

Its imports of ABS resins in July decreased 2.1% year on year to 154,960 tonnes, while those of polyester chips increased 2.2% to 18,027 tonnes, the data showed.

China, the world’s second biggest economy, posted its lowest annual overall export growth in six months at 1% in July, China Customs data showed.

Total exports were valued at $176.9bn (€143.3bn) last month, while imports grew 4.7% to $151.8bn, bringing the trade surplus to $25.1bn, which is 21% lower from June levels, according to official data.

 

July 2012

Jan-July 2012

 

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

imports

 

 

 

 

crude

21,830

5.6

   161,900

10.2

oil products

3,090

-0.6

23,310

-3.4

primary shape plastics

2,070

14.4

13,140

1.9

ABS resins

155

-2.1

974

-11.7

polyester chips

18

2.2

113

9.7

natural rubber

170

30.8

    1,160

15.4

synthetic rubber

118

6.6

839

-0.5

 

exports

 

 

 

 

crude

210

10.5

1,490

-0.5

oil products

1,770

-22.4

13,630

-11.1

plastic products

729

2.4

4,796

7.5

source: China Customs

($1 = €0.81)


By: Fanny Zhang
+65 6780 4359



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