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Japan’s Crude Imports Rise 9.25% In March To 4.209Mn B/D
MEES
07 May 2012 Volume 55, Issue 19 - ENERGY FUNDAMENTALS
 

Japan’s Crude Imports Rise 9.25% In March To 4.209Mn B/D

Japanese crude oil imports averaged 4.209mn b/d in March, according to monthly import data released by Japan’s Ministry of Economy, Trade and Industry (METI) on 27 April. This is 9.25% above the February import figure of 3.853mn b/d and an increase of 11.28% over the February 2011 crude import figure of 3.783mn b/d. March imports from the Middle East averaged 3.452mn b/d, up by 7.72% from the February average of 3.205mn b/d but only 0.44% above the year-on-year average of 3.437mn b /d in March 2011. Saudi Arabia continues to be Japan’s main crude supplier, delivering an average of 1.375mn b/d in March compared to 1.135mn b/d in February, followed by the UAE, Qatar and Kuwait. Crude imports from Iran declined to an average of 270,675 b/d in March, compared to 305,784 b/d in February and 425,366 b/d in March 2011.

Japanese Crude Oil Imports, March 2012 (B/D)

Source

March 2012

February 2012

March 2011

Middle East

3,452,180

3,204,881

3,437,187

- Iran

270,675

305,784

425,366

- Iraq

61,591

68,266

62,234

- Saudi Arabia

1,375,163

1,135,188

1,202,089

- Kuwait

339,196

284,285

233,310

- Neutral Zone

86,594

78,274

74,759

- Qatar

399,463

461,669

423,825

- Oman

105,531

152,597

92,873

- UAE

813,965

718,818

908,963

- Yemen

-

-

13,768

East & Central Asia

13,448

-

22,672

Southeast Asia

266,077

250,823

125,901

Europe

263,408

170,436

140,388

Central & South America

21,265

24,107

-

Africa

180,829

152,734

33,521

Oceania

12,098

49,810

22,951

Total

4,209,306

3,852,791

3,782,619

Source : METI. (Note: figures may not add up due to rounding).

© Copyright MEES 2012.

 
© Middle East Economic Survey (MEES) 2013.
 
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