China November crude imports increase 3%, trade surplus narrows

10 December 2012 06:13  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 23.4m tonnes of crude in November, up by 3% year on year but down by 1.3% from October, official data showed on Monday.

Total crude imports in January-November rose by 6.7% on year to 247.4m tonnes, the data from China Customs indicated.

November’s imports of ABS resins decreased by 13.7% to 132,833 tonnes year on year, while that of polyester chips increased 17.9% to 14,688 tonnes, according to the data.

The country’s total foreign trade in November grew 1.5% on year to $339.1bn, with exports rising 2.9% to $179.4bn and imports flat at $159.8bn. Trade surplus in November narrowed to $19.6bn from $32bn in October.

 

November 2012

January-November 2012

 

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

Imports

 

 

 

 

Crude

23,370

3.0

247,350

6.7

oil products

3,500

4.5

35,660

-2.5

primary shape plastics

2,040

-0.5

21,650

3.4

ABS resins

133

-13.7

1,537

-9.3

polyester chips

15

17.9

170

-3.4

natural rubber

220

-8.3

1,970

3.7

synthetic rubber

118

-0.1

1,315

0.4

 

Exports

Crude

120

-7.7

2,350

7.7

oil products

2,150

0.9

21,770

-7.2

plastic products

672

-6.2

7,719

6.9

Source: China Customs


By: Fanny Zhang
+65 6780 4359



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