In 2018, the main business income of petroleum and chemical industry was 12.4 trillion yuan, up 13.6% year on year. The total profit was 839.38 billion yuan, up 32.1% year-on-year. Total volume of imports and exports was $754.34 billion, rose by 29.3% year-on-year. This was the news obtained by a reporter of China Chemical Industry News from a press conference on the economic operation of China petroleum and chemical industry on January 29th.

According to the industrial economic operation report released by China petroleum and chemical industry association, in 2018, there were 27,813 large-scale enterprises in the petrochemical industry, with a profit margin of 6.77% on their main business income. Among them, the profit of oil and natural gas exploration industry increased by 587.2%, oil processing industry decreased 3.4%, and chemical industry increased 16.3%. On the whole, the industrial economy in 2018 has been characterized by a relatively rapid growth in economic performance, continuing optimization and upgrading economic structure, better-than-expected export and accelerated growth of energy consumption.