Japan’s 2021 oil imports up 0.5% YoY to 2.49m bpd – METI

TOKYO, Jan 31 (Reuters) – Japan’s crude oil imports rose 0.5% to 2.49 million barrels per day (144.66 million kilolitres) in 2021 from a year earlier, marking the first increase in nine years, according to preliminary data released by the Ministry of Economy, Trade and Industry (METI) showed on Monday.

Oil imports rebounded last year as fuel demand recovered from the pandemic-induced slump a year earlier.

The data, however, contrasts with customs data released by the Ministry of Finance this month, which showed that Japan’s crude oil imports fell 1.2% in 2021 from a year earlier, registering a ninth consecutive year of decline. Read more

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According to METI data, crude oil imports represent the amount that goes directly into refineries, oil storage bases or oil terminals.

For December, the country’s crude oil imports rose 13.6% to 2.97 million barrels per day (14.63 million kiloliters) from a year earlier, marking a fifth consecutive month of gains, METI said.

The table below shows Japan’s crude oil imports in 2021 by country. Quantities are in kilolitres.

The table below shows Japan’s crude oil imports in December by country. Quantities are in kilolitres.

For Japan’s product sales, imports, inventories and other statistics for December and 2021, please click:

https://www.meti.go.jp/english/statistics/tyo/sekiyuso/index.html

To view Japan’s refinery monthly operating rate, click

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Reporting by Yuka Obayashi; Editing by Shailesh Kuber and Louise Heavens

Our standards: The Thomson Reuters Trust Principles.

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