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China data: Apr crude imports hit record high of 9.64 mil b/d, up 15% on year

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China data: Apr crude imports hit record high of 9.64 mil b/d, up 15% on year

Singapore — China's crude oil imports in April surged 14.7% year on year to hit a record high of 9.64 million b/d or 39.46 million mt, the General Administration of Customs' preliminary data released Tuesday showed.

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The last record high was posted at 9.61 million b/d in January.

On a barrels per day basis, April imports rose 4.1% from 9.26 million b/d in March.

Meanwhile, China's oil product exports in April stood at 5.12 million mt, retreating from the record high of 6.69 million mt in March, but surged 46.3% from the same month a year ago.

This brings net oil product exports to 2.11 million mt in April, more than double from 1.01 million mt a year ago.

-- Oceana Zhou, oceana.zhou@spglobal.com

-- Edited by Norazlina Jumaat, norazlina.jumaat@spglobal.com