OREANDA-NEWS. October 20, 2011. China Securities Journal citing Mr Lu Peijun deputy head of the General Administration of Customs as saying that China imported a total of 190 million tons of crude oil during the first three quarters up by 4%YoY.

Imports of iron ore and coal during the same period were up 11.1%YoY and 1.9%YoY to 510 million tons and 120 million tons respectively.

China had reduced custom duties on 33 items on July 1, including duties on refined oil and a number of non-ferrous metals. During the third quarter, the import value of crude oil, iron ore and coal hit USD 5.98 billion up by 76.9%YoY with a 23.8 percentage points increase in the growth rate.

In addition, Guangdong, Jiangsu, Zhejiang, Shandong and Fujian provinces, Shanghai and Beijing reported total international trade value of USD 2.19 trillion during the first nine months of the year accounting for 81.9% of the total.