Skip to content
Subscriber Only

China’s Gasoline Exports Fall to 14-Month Low on Tight Quota

  • Motor fuel shipments tumble to the lowest level since May 2020
  • Trend may continue after Beijing slashed export allocations

China’s overseas shipments of gasoline slumped to the lowest in 14 months after refiners exhausted most of their allocated export quotas.

Motor fuel shipments tumbled to about 199,000 barrels a day last month, the least since May 2020, according to Bloomberg calculations based on General Administration of Customs data. Daily diesel exports also fell, slipping to around 334,500 barrels, the lowest level since September.