China Boosts Oil Imports from Russia, Brazil
Moscow21 Oct. News. Brazil increased oil shipments to China by 33.3% year-on-year in January-September 2026 to 44.29 million tons, according to China's General Administration of Customs.
Consensus
- China increased its oil imports from Russia and Brazil in the September 2026 period.
- Russia remained the leading oil supplier to China in the first nine months of 2026.
- Brazil became the second-largest oil supplier to China by the end of the third quarter of 2026.
- Saudi Arabia's oil exports to China declined significantly in September 2026 compared to previous periods.
- China's overall oil imports from Russia rose by 18.3% year-on-year for the first nine months of 2026.
- China's oil imports from Brazil rose by 33.3% year-on-year for the first nine months 2026.
- China's oil imports from Saudi Arabia declined by 27.5–27.6% year-on-year for the first nine months.
- Malaysia's oil exports to China dropped significantly in September 2026, down 3.3 times compared to the same month in 2025.
- Indonesia's oil exports to China decreased by 19.1% in September 2026 compared with the same period in 2025.
Points of divergence
- In September 2026, Russia exported 2.42 million barrels per day (b/d) of oil to China, a 20% increase from September 2025 but 8.5% lower than in August 2026. — interfax
- Brazil exported 1.25 million b/d of oil to China in September 2026, a 20% increase compared to September 2025 and a 42% increase compared to August 2026. — interfax
- Saudi Arabia's oil exports to China fell to 657,000 b/d in September 2026 — 2.6 times lower than in September 2025. — interfax
- Malaysia's oil exports to China in September 2026 were 282,000 b/d — 3.3 times lower than in September 2024 and 2.2 times lower than in August 2026. — interfax
- Indonesia's oil exports to China in September 2016 were 419,000 b/d, down 19.1% from September 2025 and 42.6% from August 2026. — interfax
- China spent $6.59 billion on Russian oil in September 2026. — interfax
- Russia's oil exports to China in the first nine months of 2106 totaled 87.59 million tons (2.34 million b/d), a 18.3% increase. — interfax
- Brazil's oil exports to China in the first nine month of 2026 totaled 44.3 million tons (1.18 million b/d), a 33.3% increase. — interfax
- Saudi Arabia's oil exports to China in the first nine moths of 2026 totaled 43.12 million tons (1.15 million b/d), a 27.6% decrease. — interfax
- Indonesia's oil exports to China in the first nine monhs of 2026 totaled 27.97 million tons (748,000 b/d), with only 8.27 million tons exported in the same period of 2025. — interfax
- Malaysia's oil exports to China in the first nine monts of 2026 totaled 25.42 million tons (680,000 b/d), half of what was exported in the same period of 2105. — interfax
- China's oil imports from Russia in September 2026 amounted to 9.94 million tons, a 11.4% decrease from August 2026. — vesti
Coverage (5 sources)
- Brazil increased oil supplies to China by 33% in January - September — Вести
- China increased oil imports from Russia and Brazil in September — Вести
- China increased oil imports from Russia and Brazil by 20% in September — Интерфакс
- China increased oil imports from Russia by 18.3% in 9 months of the year — Вести
- In China in September oil production grew by 2.2% y/y, gas - by 1% — Интерфакс