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China’s oil imports from Russia in January-October 2023 exceed 2022 supplies

Russia still ranked first among oil suppliers to the People’s Republic of China in 10M 2023, followed by Saudi Arabia and Iraq

BEIJING, November 20. /TASS/. Russia’s crude oil supplies to China in January-October 2023 amounted to 88.5 mln tons, which is 23% higher than in the same period last year. Russia’s oil deliveries to China over the past ten months exceeded supplies in full 2022 by 2.3 mln, according to figures released by the General Administration of Customs of China.

In value terms oil imports from Russia to China edged down by half a percent in January-October year-on-year to $49.31 bln, the service said.

In October, China imported 8.5 mln tons of oil worth $5.45 bln from Russia.

Russia still ranked first among oil suppliers to the People’s Republic of China in 10M 2023, followed by Saudi Arabia (with 73.37 mln tons of oil worth $45.55 bln supplied), and Iraq (48.85 mln tons worth $29.23 bln).

In 2022, China’s imports of Russian oil grew by 8.2% to 86.2 mln tons in physical terms, and by around 43.9% to $58.37 bln in value terms, according to China’s customs service.

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