tradingkey.logo

Russian oil deliveries to China fall in 2025 despite July rebound

Cryptopolitan2025年8月20日 16:26

Russia remains China’s largest supplier of oil, but deliveries have gone down in 2025, amid global trade tensions and tariff threats from the United States.

Recent reports have indicated the trend is turning this summer but it’s yet to offset the notable drop in volume and even steeper decline in value registered by official Chinese stats.

Russian oil deliveries decrease in January-July

Russian Federation’s oil supplies to China fell by 7.6% year-on-year between January and July 2025, Russia’s TASS news agency reported on Wednesday, quoting Chinese data. During that time, the People’s Republic imported 57.71 million tons of Russian crude, as shown by the figures released by the General Administration of Customs of China (GACC).

According to the latest numbers published by the government body, the total was worth $29.48 billion. That’s 21.3% lower than in the same period of 2024, the report noted.

However, last month Moscow sent 8.7 million tons of oil to Beijing, which is 4.2% higher than the previous month. At $4.31 billion, the July deliveries were up by 9.2% in value over June.

The official Chinese numbers have come out after a report by Bloomberg unveiled this week that China almost doubled imports of Urals crude, the Russian export oil brand, in August, when compared to the 2025 average.

The increase follows a decline in India’s imports of Russian oil, after the U.S. administration of President Donald Trump slapped the country with tariffs over its energy purchases from Russia.

China, which was threatened with the same, has been spared for now, with Trump citing progress in negotiations with his Russian counterpart, Vladimir Putin, toward ending the war in Ukraine.

Russia continues to be the PRC’s largest supplier of the strategic energy resource, TASS remarked, recalling that last year Russian oil exports to China were up by 1.3% compared to 2022, reaching almost 108.5 million tons.

Russian gas supplies to China increase

The Russian Federation is also China’s biggest supplier of natural gas. Between January and July, the country exported $5.69 billion worth of pipeline gas to its neighbor. The Chinese customs did not reveal the volumes, but the value is 21.3% higher than the respective period of 2024.

Meanwhile, Russia’s supplies of liquefied natural gas (LNG) to China fell by 18.8% year-on-year, to 3.38 million tons in the first seven months of 2025. Their value decreased as well, again by 18.8%, to $1.98 billion. Russia is China’s fourth-largest supplier of LNG, after Australia, Qatar, and Malaysia.

Last year, the Asian nation imported pipeline gas for $21.1 billion, an 8.6% increase over 2023, with Russian deliveries rising by 25% to $8.03 billion.

Beijing also bought 76.64 million tons of LNG in 2024, which was 8% more than in 2023, and Russia shipped 8.3 million tons of it, a 3.3% increase in annual terms.

Overall, trade between China and Russia followed a similar trend to oil sales this year. It peaked amid Trump’s latest tariff threats, reaching its highest point for 2025 in July, as reported by Cryptopolitan. Last month put an end to its decline in H1.

Crude oil and natural gas, along with coal, form the largest share of Russia’s exports to its trading partner and political ally within the BRICS group. The rest includes other fuels as well as raw materials such as copper and timber.

The smartest crypto minds already read our newsletter. Want in? Join them.

免责声明:本网站提供的信息仅供教育和参考之用,不应视为财务或投资建议。

相关文章

tradingkey.logo
tradingkey.logo
日内数据由路孚特(Refinitiv)提供,并受使用条款约束。历史及当前收盘数据均由路孚特提供。所有报价均以当地交易所时间为准。美股报价的实时最后成交数据仅反映通过纳斯达克报告的交易。日内数据延迟至少15分钟或遵循交易所要求。
* 参考、分析和交易策略由第三方提供商Trading Central提供,观点基于分析师的独立评估和判断,未考虑投资者的投资目标和财务状况。
风险提示:我们的网站和移动应用程序仅提供关于某些投资产品的一般信息。Finsights 不提供财务建议或对任何投资产品的推荐,且提供此类信息不应被解释为 Finsights 提供财务建议或推荐。
投资产品存在重大投资风险,包括可能损失投资的本金,且可能并不适合所有人。投资产品的过去表现并不代表其未来表现。
Finsights 可能允许第三方广告商或关联公司在我们的网站或移动应用程序的任何部分放置或投放广告,并可能根据您与广告的互动情况获得报酬。
© 版权所有: FINSIGHTS MEDIA PTE. LTD. 版权所有
KeyAI