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CHINA IMPORTS 61.38 PCT MORE OIL IN JAN - FEB 03.
BEIJING, May 1 Asia Pulse - The import and export of China's petroleum and chemical industry reached US$16.756 billion in the first two months of this year, an increase of 61.38 per cent year-on-year, according to customs statistics.
Exports hit US$4.462 billion, up 33.6 per cent; and import, US$12.294 billion, up 74.6 per cent. The value of trade deficit reached 7.832 billion yuan, US$4.13 billion more than in the year-earlier period.
The import and export of the petroleum and chemical industry accounted for 15.37 per cent of the country's total, with export accounting for 8.23 per cent and import, 22.43 per cent.
Statistics show that China exported 909 million US dollars worth of crude oil and oil products in the January-February period, up 144.3 per cent year-on-year. Export of crude oil was 220 million US dollars, up 98.1 per cent, and that of oil products was 616 million US dollars, up 220.8 per cent.
The country exported 3.553 billion US dollars worth of chemicals, up 19.7 per cent. Top export included information chemicals (181 million US dollars, up 76.3 per cent), synthetic resin (150 million US dollars, up 51.9 per cent), chemical machinery (45.732 million US dollars, up 41 per cent), auxiliary and surfactants (27.766 million US dollars, up 37.2 per cent), biochemical (35.071 ...
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