CORRECTED-UPDATE 2-Japan's April oil imports hit lowest since 1962 as Iran war disrupts supply
Corrects April crude oil import milestone in headline and paragraphs 1 and 3 to lowest since 1962, not 1967. Corrects paragraph 1 to say this was the lowest in more than 60 years, not nearly 60 years
By Kantaro Komiya and Siyi Liu
May 29 (Reuters) - Japan's crude oil imports in April fell nearly 66% from a year earlier, the Ministry of Economy, Trade and Industry (METI) said on Friday, hitting the lowest in more than 60 years as the U.S.-Iran conflict disrupted supplies from the Middle East.
The world's fifth-largest oil importer, which relies heavily on oil from the Middle East, imported 850,000 barrels per day (4.07 million kilolitres) of crude in April, METI data showed.
It was the smallest volume since November 1962, according to past data viewable on the National Diet Library's website.
Imports from the Middle East fell 68%, the data showed. The U.S.-Israeli war on Iran that began on February 28 has severely curtailed shipping through the Strait of Hormuz, a key transit route for roughly a fifth of the world's oil and liquefied natural gas supply.
Shipments from Japan's two largest suppliers - Saudi Arabia and the United Arab Emirates - dropped 60% or more, according to the data.
Several crude oil tankers have left the Gulf this month, although energy flows via the key waterway still remained far lower than pre-war levels.
Refiners in Japan and elsewhere in Asia deepened run cuts in April and May due to oil supply shortage.
Japan's domestic oil product sales last month fell 11.3% from a year earlier to 2.04 million bpd, the data showed.
Gasoline sales dropped 2.6% to 693,875 bpd, while kerosene sales were down 13.3% to 120,524 bpd. Sales of petrochemical feedstock naphtha fell 35.6% to 406,231 bpd.
The table below outlines Japan's product sales, imports and other statistics for April. Figures are converted to bpd from kl unless otherwise noted. Inventory volumes are in millions or barrels. Percentage changes are based on bpd.
Product/Volume |
April |
March |
M/M (%) |
Yr/Yr (%) |
Crude Imports |
853,329 |
2,107,288 |
-59.5 |
-65.7 |
Processed |
2,184,993 |
2,257,944 |
-3.2 |
-13.7 |
Shipment |
1,768 |
920 |
92.3 |
703.8 |
Oil Product Sales |
2,042,789 |
2,287,377 |
-10.7 |
-11.3 |
gasoline |
693,875 |
730,640 |
-5.0 |
-2.6 |
kerosene |
120,524 |
250,772 |
-51.9 |
-13.3 |
naphtha |
406,231 |
448,599 |
-9.4 |
-35.6 |
Product Imports |
352,250 |
355,432 |
-0.9 |
-36.2 |
gasoline |
92,028 |
61,405 |
49.9 |
73.1 |
kerosene |
1,233 |
21,301 |
-94.2 |
-96.3 |
naphtha |
231,311 |
240,870 |
-4.0 |
-43.7 |
Product Exports |
286,979 |
497,727 |
-42.3 |
-31.3 |
gasoline |
20,489 |
80,713 |
-74.6 |
-52.5 |
kerosene |
- |
- |
- |
- |
jet fuel |
132,043 |
138,251 |
-4.5 |
-15.3 |
gas oil |
26,047 |
90,002 |
-71.1 |
-73.3 |
fuel oil B, C |
105,842 |
178,818 |
-40.8 |
-6.8 |
Refinery Output |
2,081,408 |
2,287,359 |
-9.0 |
-11.4 |
gasoline |
650,506 |
707,652 |
-8.1 |
-10.9 |
kerosene |
129,381 |
164,774 |
-21.5 |
2.7 |
naphtha |
190,090 |
202,684 |
-6.2 |
-22.8 |
jet fuel |
206,085 |
216,542 |
-4.8 |
-5.8 |
gas oil |
568,584 |
551,916 |
3.0 |
-13.4 |
Month End Inventory |
April |
March |
M/M (%) |
Yr/Yr (%) |
Crude |
54.9 |
59.0 |
-6.9 |
-22.1 |
Products |
52.1 |
49.9 |
4.3 |
-9.7 |
gasoline |
11.4 |
10.2 |
11.1 |
2.6 |
kerosene |
7.5 |
7.3 |
3.1 |
-23.2 |
To see Japan’s monthly refinery run rate, click on OPERATE-JP
The table below outlines Japan’s crude oil imports by country. Amounts are in kilolitres.
Country |
April 2026 |
Share |
M/M |
Yr/Yr |
Total |
4,070,061 |
100.0 |
-60.8 |
-65.7 |
Middle East |
3,563,405 |
87.6 |
-64.2 |
-68.0 |
Saudi Arabia |
1,821,610 |
44.8 |
-66.3 |
-57.7 |
Arab-L |
389,216 |
- |
- |
- |
Arab-H |
578,823 |
- |
- |
- |
Arab-M |
177,640 |
- |
- |
- |
Arab-E-L |
528,742 |
- |
- |
- |
Arab-S-L |
147,189 |
- |
- |
- |
Qatar |
20,606 |
0.5 |
-84.2 |
-97.5 |
A-Shahen |
20,606 |
- |
- |
- |
Oman |
71,465 |
1.8 |
-9.7 |
-51.5 |
Oman |
71,465 |
- |
- |
- |
United Arab Emirates |
1,649,724 |
40.5 |
-59.1 |
-69.4 |
Murban |
1,456,383 |
- |
- |
- |
U-Zakum |
74,056 |
- |
- |
- |
DAS |
62,207 |
- |
- |
- |
Umm-Lulu |
57,078 |
- |
- |
- |
South East Asia |
79,527 |
2.0 |
- |
67.0 |
Malaysia |
31,755 |
0.8 |
- |
- |
Sepat |
31,755 |
- |
- |
- |
Brunei |
47,772 |
1.2 |
- |
0.3 |
Champion |
47,772 |
- |
- |
- |
North America |
314,221 |
7.7 |
22.0 |
-32.6 |
United States of America |
314,221 |
7.7 |
22.0 |
-32.6 |
Wtim |
314,221 |
- |
- |
- |
Central and South America |
95,553 |
2.3 |
-2.5 |
-42.5 |
Ecuador |
95,553 |
2.3 |
-2.5 |
-42.5 |
Napo |
95,553 |
- |
- |
- |
Oceania |
17,355 |
0.4 |
-46.9 |
31.5 |
Australia |
17,355 |
0.4 |
-46.9 |
31.5 |
Wandoo |
17,355 |
- |
- |
- |
(1 kilolitre = 6.2898 barrels)
