China Q1 crude imports from Iran rise 17.2% year on year

24 April 2013 04:45  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 5m tonnes of crude from Iran in the first quarter, representing an increase of 17.2% compared with the same period last year, official data showed on Wednesday.

In March alone, its crude imports from Iran spiked to 1.7m tonnes, up 61.1% year on year, according to China Customs.

Iran accounted for 7.5% of China’s crude imports last month totaling 23m tonnes.

Saudi Arabia is China’s biggest supplier of crude with a 19% share, based on 4.4m tonnes of crude shipments in March, official statistics showed.

Angola is the second biggest with 3.4m tonnes of supply sent to China, with Iraq coming in third with 2.0m tonnes of crude exported to the northeast Asian country last month.

By: Fanny Zhang
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