China's crude oil imports grow 34.08 pct year-on-year in June
Shanghai. July 12. INTERFAX-CHINA - China imported a record 22.27 million tons of crude oil this June, up 34.08 percent year-on-year, according to statistics released by the General Administration of Customs (GAC) on July 10.
According to the statistics, China imported 117.97 million tons of crude oil in the first half of this year, up 30.2 percent year-on-year.
Yu Chunmei, an oil industry analyst with Shenyin Wanguo Securities, told Interfax that the sharp spike in crude oil imports can be attributed to an increase in the country's overall refining capacity in June.
In the same month, China's fuel imports reached 3.31 million tons, while it exported 2.15 million tons of fuel products.
Additionally, coal exports reached 1.27 million tons, up by 11.40 percent year-on-year, according to the GAC.
The tables below specify China's energy products trade volume in June 2010.
China's energy products trade volume, May and June 2010
| Products | June import volume (mln tons) | May import volume (mln tons) | June export volume (mln tons) | May export volume (mln tons) |
| Crude oil | 22.27 | 17.84 | 0.13 | 0.19 |
| Fuel | 3.31 | 3.18 | 2.15 | 2.69 |
| Coal | N/A | 11.00 | 1.27 | 1.46 |
Source: General Administration of Customs
China's crude oil import volume, January to June 2010
| Month | Import volume (mln tons) | Y-o-y change (%) |
| January | 17.11 | 33.46 |
| February | 18.51 | 57.80 |
| March | 21.06 | 39.00 |
| April | 21.17 | 30.92 |
| May | 17.84 | 4.39 |
| June | 22.27 | 34.08 |
Source: General Administration of Customs
China's coal export volume, January to June 2010
| Month | Export volume (mln tons) | Y-o-y change (%) |
| January | 1.82 | -50.37 |
| February | 1.62 | 12.5 |
| March | 2.26 | -0.44 |
| April | 1.71 | -12.67 |
| May | 1.46 | 22.69 |
| June | 1.27 | 11.40 |
Source: General Administration of Customs
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