China January crude imports grow 7.4% to 25.2m tonnes

08 February 2013 05:02  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 25.2m tonnes of crude in January, up by 7.4% year on year, according to official data released on Friday.

The country took in 29.3% more acrylonitrile butadiene styrene (ABS) resins to 144,126 tonnes last month compared to the same period last year, data from China Customs showed.

It also imported higher volumes of polyester chips in January at 15,099 tonnes, up 2.7% year on year, the data showed.

China, which is the world’s second biggest economy, recorded a 26.7% year-on-year increase in foreign trade for January at $345.6bn (€259.2bn), with a trade surplus of $29.1bn. Exports were up 25.0% during the month to $187.4bn, while imports grew 28.8% to $158.2bn.

Jan 2013

'000 tonnes

chg % (yoy)

imports

crude

25,150

7.4

oil products

3,910

32.5

primary shape plastics

2,250

40.6

ABS resins

144

29.3

polyester chips

15

2.7

natural rubber

250

78.6

synthetic rubber

143

42.1

exports

crude

280

-9.7

oil products

2,430

30.6

plastic products

791

15.6

Source: China Customs

($1 = €0.75)


By: Viola Pan
+65 6780 4359



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