China’s February ’13 crude imports fall by 5.1% to 20.8m tonnes

08 March 2013 04:16  [Source: ICIS news]

SINGAPORE (ICIS)--China imported a total of 20.8m tonnes of crude in February this year, a 5.1% decline from the previous month, official data showed on Friday.

Total crude imports in January-February this year declined by 2.4% year on year to 45.9m tonnes, according to data from China Customs

In the same period, the country imported 87,283 tonnes of ABS resins, which is a 12.3% month-on-month decline.

Likewise, its imports of polyester chips fell by 18.7% to 11,251 tonnes from a month ago, the data showed.

In February, China’s total exports increased by 21.8% year on year to $139.4bn, while imports dropped 15.2% to $124.1bn.

Trade surplus in February narrowed to $15.3bn (€11.6bn) from $21.9bn in January, but reversed from a deficit of $32bn in the same period last year, according to the data.

($1 = €0.76)

By: Fanny Zhang
+65 6780 4359

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