According to reports, data from the General Administration of Customs of the Russian Federation showed that Russia’s crude oil exports from January to July 2020 were 143.2 million tons, a decrease of 4.2% year-on-year. The total value of crude oil exports was US$43.9 billion, a year-on-year decrease of 36.6%.
Among them, the export of refined oil was 85.2 million tons, an increase of 4.2%. The total export value dropped by 28.7% to 28 billion U.S. dollars; diesel exports were 31.9 million tons, an increase of 5.9% year-on-year, and the total export value was 12.4 billion U.S. dollars, down 28.7% year-on-year; gasoline exports increased by 40.6% year-on-year to approximately 4 million. Tons, the total export value reached 1.6 billion US dollars, a decrease of 0.2%.
In July, Russia exported 17.5 million tons of crude oil, a year-on-year decrease of 24.4% and a month-on-month decrease of 13.7%. Crude oil exports totaled US$4.8 billion, down 53.7% year-on-year and 7.1% month-on-month; oil exports increased 0.9% year-on-year and fell 27.1% month-on-month to 10.5 million tons. The total export value exceeded US$2.7 billion, down 46.2% year-on-year, month-on-month. A decrease of 13.5%; diesel exports were 4.2 million tons, a year-on-year increase of 12.9%, and a month-on-month decrease of 8.7%. The total export value reached US$1.2 billion, a year-on-year decrease of 43.4% and a month-on-month increase of 0.2%.
In July, gasoline exports of 291,000 tons increased by 1.8% year-on-year and down 57.9% month-on-month. The total export value reached 86.4 million US dollars, down 47.9% year-on-year and 56.9% month-on-month.
From January to July 2020, natural gas exports were 104.6 billion cubic meters, a year-on-year decrease of 17.5%. The total export value dropped by 51.4% to US$12.5 billion; the export volume of liquefied natural gas reached 42.2 million cubic meters, a year-on-year increase of 23.4%, and the total export value was US$4.9 billion, a year-on-year decrease of 0.7%.
In July, natural gas exports were 12.4 billion cubic meters, down 22.5% year-on-year and 10.1% month-on-month. The total export value was US$1.1 billion, down 58.9% year-on-year and down 5.4% month-on-month; exports of LNG reached 9.3 million cubic meters. A year-on-year increase of 93.8% and a month-on-month increase of 75.5%. The total export value increased by 2.1 times year-on-year and a month-on-month increase of 79.4%, exceeding US$1 billion.
Source: Chemical Network
