China’s crude imports in January-February fell 4.9% year on year to 10.58 million b/d, or 85.14 million mt, data from the General Administration of Customs showed, as throughput was capped in February during Beijing Winter Olympics Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The country’s oil product exports volume slumped 33.4% on the year to 7.3 million mt as the government slashed gasoline, gasoil and jet fuel export quotas by 56% year on year in the first batch allocation for 2022, while lifting fuel oil quota by 30%. Oil product imports, however, rose 16.6% year on year to 4.64 million mt. This led China’s net oil product exports to drop 62%, to 2.65 million mt. GAC is expected to release monthly trade data for January and February March 18. China’s preliminary oil trade data (million mt) Source: General Administration of Customs