China's crude oil imports in January-May increased slightly by 0.26% compared with the same period last year
author: Ann
2025-07-08
Combined with the data changes of the General Administration of Customs over the past five years, from January to May, China's share of crude oil imports from the Middle East was 42.5%, down 3.3 percentage points from the same period last year, and 5.6 percentage points from the average level of the past five years; China's share of crude oil imports from Europe was 18.6%, down 2.7 percentage points from the same period last year, and 0.8 percentage points from the average level of the past five years; China's share of crude oil imports from the Asia-Pacific region was 15.0%, up 4.0 percentage points from the same period last year, and 6.3 percentage points from the average level of the past five years.
Crude oil imports continued to be diversified and unbalanced, but the import concentration increased significantly. From January to May, China's crude oil import trading partners totaled 45. The top 15 trading partners imported nearly 215.93 million tons of crude oil from China, accounting for 94.0%, and the other 30 trading partners imported 13.69 million tons of crude oil from China, accounting for only 6.0%.
From the quantity ranking, the TOP15 list of China's crude oil import trading partners from January to May is consistent with the same period in 2024, but the increase and decrease of crude oil trade volume vary. It should be noted that in 2025, the United States will enter the Trump 2.0 era, and the Sino-US trade dispute will escalate. As one of the countermeasures in the first round of confrontation, China will impose a 10% tariff on imported US crude oil, which will suppress the import volume of crude oil from the United States to a certain extent. According to data from the General Administration of Customs, China imported 2.29 million tons of crude oil from the United States from January to May 2025, a decrease of 28.1% over the same period last year, and the share also further decreased from 1.4% in the same period last year to 1.0%, a decrease of 0.4 percentage points.
In recent years, China's economic and energy demand has been relatively stable, and the diversified characteristics of crude oil imports have ensured the security and stability of resource supply, and China's crude oil market has maintained healthy operation.
Crude oil imports continued to be diversified and unbalanced, but the import concentration increased significantly. From January to May, China's crude oil import trading partners totaled 45. The top 15 trading partners imported nearly 215.93 million tons of crude oil from China, accounting for 94.0%, and the other 30 trading partners imported 13.69 million tons of crude oil from China, accounting for only 6.0%.
From the quantity ranking, the TOP15 list of China's crude oil import trading partners from January to May is consistent with the same period in 2024, but the increase and decrease of crude oil trade volume vary. It should be noted that in 2025, the United States will enter the Trump 2.0 era, and the Sino-US trade dispute will escalate. As one of the countermeasures in the first round of confrontation, China will impose a 10% tariff on imported US crude oil, which will suppress the import volume of crude oil from the United States to a certain extent. According to data from the General Administration of Customs, China imported 2.29 million tons of crude oil from the United States from January to May 2025, a decrease of 28.1% over the same period last year, and the share also further decreased from 1.4% in the same period last year to 1.0%, a decrease of 0.4 percentage points.
In recent years, China's economic and energy demand has been relatively stable, and the diversified characteristics of crude oil imports have ensured the security and stability of resource supply, and China's crude oil market has maintained healthy operation.
OPEC's eight major oil-producing countries decided to increase production by 548,000 barrels per day in August
كيفية اختيار الشحوم للآلات الزراعية
