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China’s crude oil imports fall from record high, soybean imports drop as trade tensions escalate

  • China imported less crude oil in May due to US sanctions on Iran
  • China’s soybean imports fell sharply as trade tensions with the US deepens and African swine fever spreads

 

China’s crude oil imports fell 8 per cent in May  from a record high hit the previous month, as the world’s largest importer of the commodity curbed shipments from Iran amid tightening US sanctions on that country.

China’s crude oil imports fell to 40.23 million tonnes in May from 43.73 million tonnes in April, General Administration of . . .

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