Russian oil deliveries to China fall in 2025 despite July rebound

来源 Cryptopolitan

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:仅供参考。 过去的表现并不预示未来的结果。
placeholder
【今日市场前瞻】鲍威尔讲话重磅来袭!大行情一触即发!鲍威尔讲话倒数计时!全球市场情绪谨慎;美元指数反弹,黄金价格下挫;英伟达跌超1%,暂停生产H20晶片>>
作者  Alison Ho
8 小时前
鲍威尔讲话倒数计时!全球市场情绪谨慎;美元指数反弹,黄金价格下挫;英伟达跌超1%,暂停生产H20晶片>>
placeholder
杰克逊霍尔会议来袭,黄金多头“节节败退”?如何部署金价大行情!黄金8月以来至今仅五个交易日收于关键多空分界线3360美元上方,凸显市场看空黄金意愿仍然强烈,目前黄金再度回落至3330美元下方,台湾时间周五(8月22日)10:00美联储主席鲍威尔或将迎来其最后一次杰克逊霍尔全球央行年会,投资者聚焦其在面对特朗普压力、FED双重目标下将如何阐述其美联储货币政策立场。
作者  Insights
10 小时前
黄金8月以来至今仅五个交易日收于关键多空分界线3360美元上方,凸显市场看空黄金意愿仍然强烈,目前黄金再度回落至3330美元下方,台湾时间周五(8月22日)10:00美联储主席鲍威尔或将迎来其最后一次杰克逊霍尔全球央行年会,投资者聚焦其在面对特朗普压力、FED双重目标下将如何阐述其美联储货币政策立场。
placeholder
日元汇率贬值逼近149!日本央行加息前景不定,美联储降息难了?比起日本央行加息,短期内美元/日元走势更取决于美联储降息前景。
作者  Tony Chou
10 小时前
比起日本央行加息,短期内美元/日元走势更取决于美联储降息前景。
placeholder
英伟达财报前瞻:AI助力营收超预期!关键在指引?华尔街纷纷上调目标价AI热潮迎关键考验,若英伟达财报不及预期,可能引发进一轮抛售。相反若大超预期,AI股将强力反弹。
作者  Alison Ho
11 小时前
AI热潮迎关键考验,若英伟达财报不及预期,可能引发进一轮抛售。相反若大超预期,AI股将强力反弹。
placeholder
沃尔玛绩后大跌5%!前CEO质疑股价下跌:零售商的最好业绩!沃尔玛利润三年来首次逊于预期,并且关税成本持续上升,使得股价承压。
作者  Alison Ho
12 小时前
沃尔玛利润三年来首次逊于预期,并且关税成本持续上升,使得股价承压。
goTop
quote