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China increased oil imports from Russia by a quarter

In May, Russian oil deliveries to China increased by 36.4% compared to April, to 9.71 million tons.

Russian oil deliveries to China in January-May 2023 increased by 23.7% year-on-year, reaching almost 42.1 million tons. Russia continues to lead in terms of oil exports to China. This was confirmed by the data of the General Administration of Customs of China on Tuesday, June 20.

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It was noted that in terms of value, oil imports from Russia to China in the same period, on the contrary, decreased by 4.88% compared to the same period in 2022 to $22.65 billion.

The second place in the supply of oil to China is occupied by Saudi Arabia, which sold 38.6 million tons of this energy carrier to Beijing for $23.75 billion in January-May (the volume increased by 1% compared to the first five months by 2022, the cost will decrease by 13%)).

It is followed by Iraq (about 25.42 million tons for $14.76 billion), Malaysia (19.6 million tons for $10 billion), United Arab Emirates (17.43 million tons for $11.11 billion) and Oman (about 16.43 million tons for at $10.35 billion) .

At the same time, there is no Iran among the 40 countries that appear in 2023 as oil suppliers to China. And the USA took 10th place (about 5.7 million tons for $3.6 billion).

In May alone, Russian oil deliveries to China increased by 36.4% compared to April, to 9.71 million tons. In currency growth was 36.7%, up to $5.12 billion.

According to Chinese custom, in 2022, China’s import of Russian oil will increase by 8.2%, reaching 86.2 million tons. The amount of energy source China bought from Russia increased by about 43.9% to $58.37 billion.

It was previously known that in early June, China reduced its purchase of Russian oil. Sea shipments of Urals oil to China have almost halved compared to May.


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Source: korrespondent

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