China crude imports rises by 10.2% to about 152m tonnes in H1 '14

10 July 2014 08:51 Source:ICIS News

SINGAPORE (ICIS)--China’s crude oil imports rose by 10.2% year on year to about 152m tonnes in the first half of this year, official data from China Customs showed on Thursday.

In June, the country’s imports of crude rose by 5.5% year on year to about 23.3m tonnes, the data showed.

China’s crude imports, however, fell by 10.7% from May this year on the back of lower refinery throughput as many refineries in the country had scheduled maintenance turnarounds in the second quarter, according to analysts.

Meanwhile, the country’s rubber imports rose by 16.7% year on year to around 280,000 tonnes in June, China Customs said.

For the first half of this year, China’s rubber imports rose by 12.5% year on year to about 2.2m tonnes, according to customs data.

The country’s overall exports rose by 7.2% year on year to $186.8bn in June, while imports was up by 5.5% at $155.2bn, the data showed.

This resulted in a trade surplus of around $31.6bn, compared with a surplus of $35.9bn in May.

June 2014

Jan-Jun  2014

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

imports

crude

23,280

5.5

151,970

10.2

oil products

2,360

-28.0

15,260

-29.2

primary shape plastics

2,040

5.2

12,780

11.5

rubber

280

16.7

2,180

12.5

exports

crude

-

-100.0

250

-70.8

oil products

2,250

13.1

13,670

-7.0

plastic products

800

5.3

4,510

5.5

Source: China Customs

By Fanny Zhang