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Imports of energy products climb
January 5, 2009, Monday
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CHINA imported 240 million tons of major energy commodities - oil, refined products, natural gas and coal - in the first 11 months of last year, up 3.7 percent year on year, a report released yesterday by the General Administration of Customs showed.
The growth rate was 9.7 percentage points below the year-earlier level. These imports were valued at US$158.6 billion, up 74 percent, and they accounted for 14.9 percent of total imports for the 11 months. High world coal prices turned China from a net coal importer to a net exporter. In the first 11 months last year, China exported 2.86 million tons of coal against imports of 781,000 tons.
The growth rate was 9.7 percentage points below the year-earlier level. These imports were valued at US$158.6 billion, up 74 percent, and they accounted for 14.9 percent of total imports for the 11 months. High world coal prices turned China from a net coal importer to a net exporter. In the first 11 months last year, China exported 2.86 million tons of coal against imports of 781,000 tons.
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