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UPDATE 1-China's June gasoline exports to N.Korea fall on year, but up from May

Published 24/07/2017, 06:09 pm
© Reuters.  UPDATE 1-China's June gasoline exports to N.Korea fall on year, but up from May
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BEIJING, July 24 (Reuters) - China's gasoline exports to North Korea fell in June from a year earlier, but still jumped nearly 60 percent from the previous month, official data showed on Monday.

Gasoline accounts for the bulk of China's fuel exports to the isolated state, which are being closely watched amid pressure on Pyongyang to rein in its nuclear and missile programmes.

Exports of gasoline, which are often volatile, fell 30 percent from June last year to 8,262 tonnes, but rose 58 percent from May, according to the General Administration of Customs.

China's total fuel exports in June were worth $5.5 million, up from $3.4 million in May, but down from $8.6 million in April, according to Reuters calculations based on customs data.

The rise in gasoline exports in June on the previous month came even after sources told Reuters that state-owned China National Petroleum Corp (CNPC) had suspended fuel sales to North Korea. the weeks since the report on June 28, gasoline and diesel prices have surged in North Korea. of diesel to North Korea rose to 367 tonnes in June from just 10 tonnes last month, the data showed.

China's imports of iron ore from North Korea in June fell 9.9 percent to 224,059 tonnes from the same period last year, and were down 4 percent from May.

China bought no coal for a fourth month after Beijing halted coal shipments in February. The table below gives a breakdown of imports and exports of major commodities between the two countries:

June

m-on-m

yr-on-yr H1

%

2017

% change % change 2017

change Imports

Coal

-

-

-

2,678,131 -74.5

Iron ore

224,059 -4.05

-9.88

1,336,136 +60.31

Exports

Ethanol

4,126

+24.65

517.72

15,597

+287.67 Gasoline

8,262

+58.3

-29.92

45,769

-2.39 Diesel

367

+3,570

-

9,684

-67.84 Jet fuel

140

-47.17

216.41

951

+34.23 Other fuel 298

+98.67

-99.01

18,654

-45.6 oil

Fuel No.

844

+172.26 549.12

3,678

-5.05 5-7

LPG

107

+64.62

89.44

474

+60.23 In tonnes except for ethanol in cubic metres

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