China August crude imports hit 22-month low at 18.4m tonnes

10 September 2012 07:32  [Source: ICIS news]

SINGAPORE (ICIS)--China’s crude imports hit a 22-month low in August at 18.4m tones, down 12.5% year on year and 15.7% lower than July levels, official statistics showed on Monday.

In the first eight months of the year, its total crude imports rose 7.4% year on year to 180.3m tonnes, according to China Customs data.

The country’s imports of ABS resins in August declined 9.2% year on year to 145,692 tonnes, while those of polyester chips fell by 36.6% to 15,490 tonnes, according to the data.

China’s overall exports expanded 2.7% on year to $178bn (€139bn) in August, while imports shrank 2.6% to $151bn. Trade surplus rose to $26.7bn in August from $25.1bn in July, according to official statistics.

 

August 2012

Jan-Aug 2012

 

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

imports

 

 

 

 

crude

18,400

-12.5

   180,300

7.4

oil products

2,240

-34.3

25,550

-7.2

primary shape plastics

2,280

4.6

15,420

2.3

ABS resins

146

-9.2

1,120

-11.3

polyester chips

15

-36.6

129

0.9

natural rubber

210

0.0

    1,370

13.7

synthetic rubber

112

-10.1

950

-1.8

 

exports

 

 

 

 

crude

190

46.2

1,680

3.7

oil products

2,110

-2.3

15,730

-10.1

plastic products

752

3.9

5,549

7.0

Source: China Customs

($1 = €0.78)


By: Fanny Zhang
+65 6780 4359



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