China's refined oil exports to Australia in May rose from April despite restrictions

China's gasoline, diesel, and?jet-fuel exports to major destinations in Southeast Asia and South Asia increased from April, but they were still a significant amount less than one year earlier because of?export restrictions imposed due to the Iran War to protect domestic supply.

Customs data released Saturday shows that refined oil products exported outside Hong Kong and Macau increased 40% in April but fell 69% in the same period of last year.

Export curbs don't apply to refuelling international ships or planes. Or exports to Hong Kong or Macau where the levels remained steady.

China's gasoline imports from Myanmar, the only other destination than Hong Kong and Macau that receives a significant amount of China's gasoline, dropped to a decade-low in April, to just under 23,400 metric tonnes.

In May, diesel exports including biodiesel rose by 53% compared to April. Volumes exported, excluding Hong Kong, Macau, more than doubled to 216.196 tons. This included 62.772 tons for Bangladesh and 28.700 tons for Sri Lanka.

Total diesel exports to Southeast Asian nations?including Myanmar Cambodia Laos Thailand?totaled 77,079 tonnes.

Australia was the only non-Asian country to import diesel.

The Netherlands and Belgium were the two largest importers of biodiesel.

Biodiesel is primarily made from used cooking oil.

Jet fuel exports, excluding Hong Kong and Macau fell by 61%, to 499 388 tons. However, they rose by 20% in April. Chinese jet fuel exports are made up of both aircraft refuelling and cargo exports. Vietnam received the largest amount, a total of 97,900 tonnes, while Australia received 79,000 tones. (Reporting and editing by Alexandra Hudson; Sam Li, Lewis Jackson)

(source: Reuters)