Russia increases oil exports to China

By Alimat Aliyeva

The volume of oil supplies from Russia to China in January-October increased by 2.2% compared to the same period last year, reaching 90.4 million tons.

The total value of these oil supplies amounted to $52.8 billion, marking a 6.4% increase year-on-year. Oil constitutes about half of the value of all Russian exports to China, highlighting the significance of energy trade between the two countries.

In October alone, Russia exported 9.8 million tons of oil to China, a 13.5% increase compared to September. The value of these exports was $5.2 billion.

Russia remains the largest oil supplier to China for the period from January to October. Saudi Arabia ranks second, with 65.3 million tons valued at $40.5 billion, while Malaysia is in third place, supplying 56.8 million tons worth $31.4 billion.

Interestingly, this growth in Russian oil exports to China comes amid shifting global energy dynamics. As Western sanctions and the energy crisis following the Ukraine conflict continue to reshape international trade patterns, Russia has increasingly focused on expanding its energy exports to China and other Asian markets. This pivot is part of broader geopolitical shifts that have led to a reconfiguration of global energy flows, with China playing a central role in this new landscape.