General Administration of Customs released the latest data: January 2016 to October, China’s refined oil exports reached 38 million 110 thousand tons, an increase of 37.4%, has exceeded last year’s total.

From net imports to net exports, and exports of innovative high, China’s refined oil import and export trade structure has undergone changes in turn the world upside down in a few years.

The domestic refining capacity is increasing, and the overall oil demand slowdown, exports become an important way to balance the domestic market. At the same time, the depth of participation in international trade competition, but also a very important means to evaluate the competitiveness of China’s oil industry. Industry experts predict that the “13th Five-Year” period, China’s refined oil exports will continue to expand.