China’s exports of refined petroleum products last month booked a 2.2% decline on the year to 5.12 million tons, which was an increase on October, by 13.3%.
Exports of refined petroleum products over the first 11 months of the year were also lower on an annual basis, by 3.2%. The total in exports of jet fuel, diesel, gasoline and marine fuel stood at 52.65 million tons, Reuters reported today, citing Chinese customs data.
Jet fuel exports performed especially well this year, shooting up by 10.9% on the year over the first 11 months of 2025, to 19.55 million tons. In November alone, jet fuel exports surged by 53.6% to 2.43 million tons.
Gasoline exports, meanwhile, took a dip both in November and over the first 11 months of the year. The November total stood at 610,000 tons, down by a sizable 51.7% from a year earlier, and the January-November total stood at 7.69 million tons, which was a 16% decline on 2024.
Diesel exports were moderately higher on an annual basis in November, up by 5.2% to 420,000 tons, while the 11-month total was down by 21.3% to 6.23 million tons.
The elevated exports of fuels in November were reflected in higher refinery activity. Over the month, Chinese refiners processed 39% more crude oil than a year earlier, at a total of 60.83 million tons, or 14.86 million barrels daily.
The November daily average was a slight dip from October, when the average refinery throughput stood at 14.94 million barrels, but this was most likely a result of maintenance that took 1.2 million barrels daily in capacity offline in November, according to analysts.
Over the period between January and November, refinery runs in China were 4% higher on the year despite accelerated stockpiling of crude that began in early spring and continues to date.
By Irina Slav for Oilprice.com
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