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Japan Oil Trade - July 2015

Source: OPEC 8/2/2015, Location: Asia

Japanís crude oil imports dropped in May by 46 tb/d or 1.4% to average 3.3 mb/d, the lowest level seen since January 2015, while on an annual basis, they increased by a slight 1% or 38 tb/d. As for the supplierís share, Saudi Arabia, as seen earlier, remained the premier crude supplier to Japan, holding a share of 35% of total crude exports as it increased its export volumes by 132 tb/d or 13% over the previous month. UAE came in as the second largest supplier to Japan with a share of 26% of total crude imports.

Kuwait came in the third place, holding a share of 11%. Japanís imports from both UAE and Kuwait were higher than the previous month by 29 tb/d and 73 tb/d, respectively. Contrarily, Japanís product imports increased in May by 73 tb/d to average 686 tb/d, coming as a result of higher imports of fuel oil, naphtha and gasoline, which increased by 24 tb/d, 33 tb/d and 16 tb/d, respectively. At the same time, Japanís product sales rose by 0.3% from last year.

Japanís product exports in May dropped from the previous month by 99 tb/d to average 464 tb/d, the lowest level seen since June 2014.

Accordingly, Japanís net imports rose in May by 126 tb/d to average 3.5 mb/d, reflecting monthly and annual gains of 4% and 2%, respectively.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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