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CommoditiesMediumUpdated•Originally published 10 November 2026•Updated 10 November 2026•
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China Crude Oil Imports Fall 15% in First Ten Months of 2026

Key Facts

1China's crude oil imports fell to 399.90 million tonnes during the first ten months of 2026.
2This represents a significant drop from the 470.94 million tonnes imported during the same period last year.

China's crude oil imports fell to 399.90 million tonnes during the first ten months of 2026. Crypto Briefing reported that this represents a significant drop from the 470.94 million tonnes imported during the same period last year, indicating a decline in demand from the world's largest crude oil consumer.

The reduction in imports coincides with mixed economic signals from China, where the annual inflation rate was 0.7% on November 9, 2026, missing the 0.8% forecast. Data released on November 10, 2026, showed a trade balance of $105.28 billion, while the annual Producer Price Index reached 5.7% on November 9, 2026.

Latest Updates · 1

  1. Notable·

    Update: The decline in Chinese demand extended to other key commodities, as iron ore imports fell to 105.66 million metric tons in October 2026. This represents a 5.1% year-on-year decrease, further signaling a slowdown in the country's industrial activity.