China May crude imports down 6%, trade surplus widens to $20.4bn

10 June 2013 03:11  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 24m tonnes of crude in May, down by 6% year on year but up by 3.8% from the previous month, preliminary customs data showed over the weekend of 8-9 June.

Total crude imports in January-May decreased by 2% year on year to 116m tonnes, according to data from China Customs.

The imports of acrylonitrile-butadiene-styrene (ABS) resins in May rose by 10.8% year on year to 164,418 tonnes, and the imports of polyester chips increased by 14.1% to 20,909 tonnes in the same month, the data read.

The imports of natural rubber and synthetic rubber reached 180,000 tonnes and 135,914 tonnes respectively in May, up by 5.9% and 7.4% from one year ago.

Overall, the country registered a trade surplus of $20.4bn (€15.5bn) in May, up from the surplus of $18.2bn in April.

Table: China Customs data of imports

 

May 2013

Jan-May 2013

 

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

imports

 

 

 

 

crude

23,950

-6.0

116,000

-2.0

oil products

4,000

14.9

18,320

6.0

primary shape plastics

2,030

8.6

9,520

1.9

ABS resins

164

10.8

650

-4.6

polyester chips

21

14.1

81

1.2

natural rubber

180

5.9

1,040

25.9

synthetic rubber

136

7.4

660

9.1

exports

 

 

 

 

crude

110

-38.9

830

-28.9

oil products

2,750

32.2

12,700

29.8

plastic products

816

2.2

3,512

5.6

($1 = €0.76)


By: Fanny Zhang
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly