09.06.2026, 13:11
The world's largest importer of oil has significantly reduced its purchases
Source: OREANDA-NEWS
OREANDA-NEWS In the first five months, China reduced oil imports by almost 5 percent compared to the same period in 2025. RIA Novosti reports on a noticeable decrease in purchases of raw materials by the world's largest buyer, citing data from the General Customs Administration (GTU) of the PRC.
In January–May, the total volume of oil purchases by China fell to 218.363 million tons. At the same time, in value terms, imports, on the contrary, increased by 3.5 percent year-on-year and reached 128.149 billion dollars.
This dynamic was largely influenced by the consequences of the crisis in the Middle East. The closure of the Strait of Hormuz by Iran and the United States has led to a rapid rise in the cost of energy resources, including oil. Before the war in the region, China was heavily dependent on imports along this route.
However, after the closure of the key logistics artery in the Middle East, oil exports from the Persian Gulf countries to Asia began to fall rapidly. As a result, by the end of May, China's average daily volume of marine imports of raw materials dropped to the lowest level in the last ten years at 6.45 million barrels. Against the background of procurement problems, local refineries began using their own reserves to avoid shortages of raw materials.
In January–May, the total volume of oil purchases by China fell to 218.363 million tons. At the same time, in value terms, imports, on the contrary, increased by 3.5 percent year-on-year and reached 128.149 billion dollars.
This dynamic was largely influenced by the consequences of the crisis in the Middle East. The closure of the Strait of Hormuz by Iran and the United States has led to a rapid rise in the cost of energy resources, including oil. Before the war in the region, China was heavily dependent on imports along this route.
However, after the closure of the key logistics artery in the Middle East, oil exports from the Persian Gulf countries to Asia began to fall rapidly. As a result, by the end of May, China's average daily volume of marine imports of raw materials dropped to the lowest level in the last ten years at 6.45 million barrels. Against the background of procurement problems, local refineries began using their own reserves to avoid shortages of raw materials.
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