Taiwan’s base oils exports to India rose in March to the highest in more than eight years even amid a gradual recovery in China’s lube demand.Taiwan’s shipments increasingly targeted other markets instead of China last year, when the country’s lube demand slumped.Its exports to China revived in recent months. But a large volume of supplies continued to move to other outlets like India and southeast Asia.The move cut Taiwan’s reliance on China’s base oils market.It also added to a steady flow of supplies to India from different sources.Taiwan’s exports of 19,290t to India in March followed a pause in shipments in February and the export of more than 14,000t in January.Its exports of almost 100,000t to India in 2022 rose from less than 49,000t the previous year..Taiwan’s March base oils exports rise
Taiwan’s base oils exports to India rose in March to the highest in more than eight years even amid a gradual recovery in China’s lube demand.Taiwan’s shipments increasingly targeted other markets instead of China last year, when the country’s lube demand slumped.Its exports to China revived in recent months. But a large volume of supplies continued to move to other outlets like India and southeast Asia.The move cut Taiwan’s reliance on China’s base oils market.It also added to a steady flow of supplies to India from different sources.Taiwan’s exports of 19,290t to India in March followed a pause in shipments in February and the export of more than 14,000t in January.Its exports of almost 100,000t to India in 2022 rose from less than 49,000t the previous year..Taiwan’s March base oils exports rise
