China's refined oil exports dip 0.6% in June but hit 12-month high
China's exports of refined products, including diesel, gasoline, aviation fuel and marine fuel, fell 0.6% year-on-year to 5.34 MMt in June, according to the customs data, though the figure marked the highest monthly total since June 2024.
Diesel exports dropped sharply in June, down 59.4% year-on-year to 330,000 tons, a steep drop from levels seen in May. For the first six months of the year, diesel exports were down 46.8%.
Gasoline exports stood at 780,000 tons in June, down 16.7% year-on-year. During January and June, gasoline exports fell 21% to 3.89 MMt.
China's exports of aviation fuel rose 6.1% year-on-year to 1.76 MMt in June. In the first six months of the year, China's aviation fuel exports were up 3.1% at 9.95 MMt from last year.
The data also showed that imports of liquefied natural gas (LNG) fell 4.5% year-on-year to 5.31 MMt in June. However, China's June LNG imports rebounded in June compared with May, hitting the highest level since January.
|
Exports |
June |
y/y % change |
YTD |
y/y % change |
|
Gasoline |
780,000 |
–16.7% |
3,890,000 |
–21% |
|
Jet fuel |
1,760,000 |
6.1% |
9,950,000 |
3.1% |
|
Diesel |
330,000 |
–59.4% |
2,820,000 |
–46.8% |
|
Import |
June |
y/y % change |
YTD |
y/y % change |
|
LNG |
5,310,000 |
–4.5% |
30,110,000 |
–20.6% |
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