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    Current page location: Home > Answers > Where is China importing its oil from following its cessation of imports from the US?
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    Mary Chang
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    Where is China importing its oil from following its cessation of imports from the US?

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    • Time:2018-11-06 15:59:43
    Where is China importing its oil from following its cessation of imports from the US?
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    Bella Qi
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    Below are the top 15 countries that supplied 89.2% of the crude oil imported into China during 2017:

    1. Russia: US$23.7 billion (14.6% of China’s total crude oil imports)
    2. Saudi Arabia: $20.5 billion (12.6%)
    3. Angola: $19.8 billion (12.2%)
    4. Iraq: $13.8 billion (8.5%)
    5. Oman: $12.2 billion (7.5%)
    6. Iran: $11.9 billion (7.3%)
    7. Brazil: $8.8 billion (5.4%)
    8. Kuwait: $7.1 billion (4.4%)
    9. Venezuela: $6.6 billion (4%)
    10. United Arab Emirates: $4.1 billion (2.5%)
    11. United Kingdom: $3.6 billion (2.2%)
    12. Congo: $3.44 billion (2.1%)
    13. Colombia: $3.37 billion (2.1%)
    14. United States: $3.2 billion (2%)
    15. Malaysia: $2.6 billion (1.6%)

    Together, five of China’s leading crude petroleum suppliers (Russia, Saudi Arabia, Angola, Iraq plus Oman) represent over half (55.5%) of overall Chinese crude oil imports for 2017.

    China’s top 10 crude petroleum providers supply about four-fifths (79.2%) of its imported crude oil.

    At least 30% is from Atlantic basin producers. (Americas, West Africa, Europe) This is nearly the opposite side of the planet.

    #1Floor 2018-11-06 17:24:58 Reply(0)
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