Latest customs data from China shows import and export numbers
Russia and Iraq have been seeing increased business from China for oil. In July oil imports from Iraq rose 18.2% while imports from Saudi Arabia fell 4.2%. Imports from Russia fell for the first time this year but remain +27.3% YTD. Iraq’s YTD stands at 10.8%, and the Saudi’s are -0.4%. Angola tops the list as China’s largest supplier with 4719mt shipped in July. The Saudi’s are second at 4025mt.