International Law

Oil imports up 12.4 percent to 163.17 million tons in 2007

By Andy Scott

Jan. 14 - China’s crude oil imports rose 12.4 percent in 2007 over the previous year to a record 163.17 million tons, according to customs figures.

Crude oil imports for 2006 were 138.8 million tons, representing an increase of 16.9 percent from the previous year. Exports, however, fell 38.7 percent year-on-year to 3.89 million tons last year, according to the General Administration of Customs.

Crude oil exports were valued at US$79.77 billion, 20.1 percent higher than a year earlier amid international oil price hikes. Global prices surged about 57 percent throughout 2007. (more…)

Full post as published by China Briefing Blog on January 14, 2008 (boomark / email).