China June crude imports rise 2.1% to 22.2m tonnes

10 July 2013 07:09  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 22.2m tonnes of crude oil in June, up by 2.1% from the same period last year, but down by 7.4% from May, according to official data released on Wednesday.

Total crude imports in the first half of 2013 were 1.4% lower year on year, China Customs data showed.

China’s imports of primary shape plastics in June expanded 12.1% on year to 1.9m tonnes, while its polyester chips imports rose by 2.5% to 13,970 tonnes, according to the data.

Its imports of natural rubber and synthetic rubber last month declined 23.5% on year to 130,000 tonnes and 3.7% to 111,410 tonnes, respectively.

China’s overall exports in the first half of the year grew 10.4% to $1,053bn (€821bn), with imports up 6.7% to $944.9bn.

The country’s trade surplus in January-June 2013 at about $108bn was up 58.5% compared with the same period last year.

June 2013

Jan-Jun 2013

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

imports

crude

22,170

2.1

138,170

-1.4

oil products

3,280

11.9

21,600

6.8

primary shape plastics

1,940

12.1

11,460

3.5

ABS resins

140

1.2

789

-3.7

polyester chips

14

2.5

95

-0.7

natural rubber

130

-23.5

1,160

18.1

synthetic rubber

111

-3.7

771

7.1

exports

crude

30

-72.7

870

-32.2

oil products

1,990

-3.9

14,700

23.9

plastic products

759

2.4

4,271

5.0

 
($1 = €0.78)


By: Fanny Zhang
+65 6780 4359



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