According to data released by the General Administration of Customs on March 8, China imported 39.233 million tons of crude oil in February, an increase of 69.71 million tons, an increase of 21.6%, and a decrease of 33.64 million tons, a decrease of 7.9%.
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Crude oil imports in February amounted to $17234.8 million, up 9.1% year-on-year and down 7.7% year-on-year. Based on this, it is estimated that the unit price of imports is US$439.3 per ton, an increase of US$0.8 per ton, and a decrease of US$50.2 per ton compared with the same period last year.
In February, China imported 2.348 million tons of refined oil, a decrease of 263,000 tons, or 10.1%, compared with the same period last year, and a decrease of 1.028 million tons, or 30.5%.
The imports of refined oil in February were $1215.4 million, down 19.0% and 32.7% year-on-year. Based on this, it is estimated that the unit import price is 517.6 US dollars per ton, a decrease of 17.1 US dollars per ton annually, and a decrease of 57.1 US dollars per ton year on year.
In February, China exported 3.806 million tons of refined oil, an increase of 322,000 tons, an increase of 9.2%, and a decrease of 1.614 million tons, a decrease of 29.8%.
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Exports of refined oil in February were $2096.7 million, up 1.8% year-on-year and down 30.2% year-on-year. Based on this, the unit export price is estimated to be 550.9 US dollars per ton, a decrease of 3.6 US dollars per ton, and a decrease of 40.6 US dollars per ton over the same period of last year.
From January to February 2019, China imported 81,825,000 tons of crude oil, an increase of 12.4% over the same period last year. The cumulative import amount was US$359.34 million, an increase of 2.2% over the same period last year.
From January to February 2019, China imported 5.724 million tons of refined oil, an increase of 4.4% over the same period last year. The cumulative import amount was $302.7 million, a decrease of 0.7% over the same period last year.
From January to February 2019, China exported 9.226 million tons of refined oil, an increase of 21.2% over the same period last year. The cumulative export amount was $509.38 million, an increase of 18.8% over the same period last year.
There was no crude oil export in February.
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