China crude imports rises by 10.2% to about 152m tonnes in H1 ’14
Fanny Zhang
10-Jul-2014
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 | ||||
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