Japan 2022 crude import volume up 8
TOKYO : Japan’s customs-cleared crude oil imports rose 8.5 per cent in 2022 from a year earlier, while the value of imported crude oil jumped 91.5 per cent to 13.27 trillion yen due to soaring oil prices and a weaker yen, the Ministry of Finance (MOF) said on Thursday.
Japan, the world’s fourth-biggest crude buyer, imported 2.70
million barrels per day (156.62 million kilolitres) of crude oil
last year, the preliminary data showed.
It marked the first year-on-year volume increase in 10 years and the
crude oil import price per kilolitre hit a record 84,728 yen ($661), the highest since the compatible data became available in 1979, the MOF said.
Japan’s imports of liquefied natural gas (LNG) in volume fell 3.1 per cent to 71.998 million tonnes in 2022 from a year earlier, but the value of imported LNG soared 97.5 per cent to record 8.45 trillion yen.
Imports of thermal coal for power generation increased 2.5 per cent
in 2022 to 115.38 million tonnes, while the value of imported thermal coal surged 196.7 per cent, the data showed.
For December, crude oil imports rose 1.2 per cent to 3.02 million bpd (14.885 million kl) of crude oil from a year earlier.
Japan’s imports of LNG totalled 6.062 million tonnes last month, down 13.8 per cent from a year earlier.
Imports of thermal coal for power generation increased by 7.4 per cent
in December to 10.598 million tonnes, the data showed.
Following is a preliminary breakdown of energy imports for 2022 and last month, with volumes of crude, oil products and gasoline/naphtha
in million kilolitres; LNG, LPG and coal in million tonnes; values in million yen.
2022 figures
Fuel Volume Yr/Yr (%) Value Yr/Yr (%)
Mineral Fuels n/a n/a 33,475,512 96.8
Crude Oil 156.619 8.5 13,270,104 91.5
Oil Products n/a n/a 2,833,457 32.4
(Mogas/Naphtha) 28.178 -16.4 2,147,192 29.9
LNG 71.998 -3.1 8,449,356 97.5
LPG 10.479 3.3 1,039,297 41.7
Coal 183.005 0.2 7,791,837 178.1
(Thermal Coal) 115.378 2.5 4,852,273 196.7
December figures
Fuel Volume Yr/Yr (%) Value Yr/Yr (%)
Mineral Fuels n/a n/a 3,183,405 44.1
Crude Oil 14.885 1.2 1,227,182 41.4
Oil Products n/a n/a 257,287 -1.4
(Mogas/Naphtha) 2.406 -15.5 168,577 -5.4
LNG 6.062 -13.8 817,516 36.8
LPG 0.901 -3.5 80,457 -6.9
Coal 16.374 3.2 797,958 108.1
(Thermal Coal) 10.598 7.4 556,958 157.5
($1 = 128.2300 yen)
(This story has been refiled to fix formatting)
