Posted: 26.06.2023 17:29:00

China imported 23.7% more oil from Russia in January-May

Russia continues to lead in terms of oil exports to China. Deliveries of Russian ‘black gold’ to this country for the first five months of this year increased by 23.7 percent to reach about 42.1 million tonnes – as reported by TASS with reference to the General Administration of Customs (GTU) of the People’s Republic of China.


According to data published on the agency’s website, imports of this energy carrier from Russia to China over the same period decreased by 4.88 percent compared to the same period in 2022, and amounted to $22.65 billion.

According to statistics, the second place in oil supplies to China is occupied by Saudi Arabia, which in January-May sold 38.6 million tonnes of energy to Chinese partners worth $23.75bn (1 percent up compared to the first five months of 2022, and the cost decreased by 13 percent).

Saudi Arabia is followed by Iraq (about 25.42 million tonnes worth $14.76bn), Malaysia (19.6 million tonnes for $10bn), the United Arab Emirates (17.43 million tonnes for $11.11bn) and Oman (about 16.43 million tonnes for $10.35bn).

Iran is not among the 40 countries that appear as oil suppliers to China in 2023 while the US is ranked 10th (about 5.7 million tonnes worth $3.6bn).