China MEG Mar imports down 14.74% MoM

China's MEG imports fell 14.74% month-on-month to 557,477.45 tonnes in March 2026, down 19.44% year-on-year, due to the Strait of Hormuz closure. Exports edged up 17.42% to 18,142.75 tonnes. April imports are forecast to drop further to around 300,000 tonnes as geopolitical disruptions persist.

The General Administration of Customs of the People's Republic of China (GACC) data show China's MEG imports reached 557,477.45 tonnes in March 2026, down 14.74% from February and 19.44% year-on-year. Exports stood at 18,142.75 tonnes, up 17.42% month-on-month. With the Strait of Hormuz closed since late March, import arrivals