China's refined fuel exports recovered further in July, with gasoline, diesel and jet fuel shipments to destinations outside Hong Kong and Macau more than doubling from June to 1.74 million tonnes.
China, a key fuel exporter in Asia, cut exports in mid-March to safeguard domestic supplies before beginning to ease restrictions in July and again in August.
Exports of gasoline, diesel and jet fuel totalled 2.55 million tonnes in July, with 68 per cent shipped to destinations outside Hong Kong and Macau. Shipments destined for Hong Kong and Macau are explicitly excluded from the export restrictions.
Diesel exports stood at 813,732 tonnes, including 624,908 tonnes shipped outside Hong Kong and Macau which more than doubled June’s volume and broadly back to pre-Iran war levels. Southeast Asian countries were the leading destinations.
Gasoline exports excluding Hong Kong and Macau jumped more than 400 per cent from June to 390,532 tonnes, led by shipments to Singapore, Malaysia and Myanmar. However, the volume was still down 57 per cent from a year earlier.
Jet fuel exports excluding Hong Kong and Macau rose 70 per cent from June to 724,390 tonnes, while shipments to Southeast Asia more than doubled to 369,776 tonnes from 162,286 tonnes.
Jet fuel exports to Russia surged 158 per cent year-on-year to 20,190 tonnes in July. However, there are no records of gasoline and diesel exports to Russia in July.
Despite the rebound, total jet fuel exports remained 33 per cent below July 2025. Excluding Hong Kong and Macau, they were down 50 per cent year on year.
(Reporting by Sam Li and Lewis Jackson in Beijing; Editing by Alexander Smith)
