July customs data shows China’s daily crude imports surged to 8.45 million barrels, rebounding from a decade-low June slump.
China’s crude oil imports climbed 22% in July to 8.45 million barrels per day, totaling 35.73 million tons, reversing a sharp decline in June. The rebound follows a three-month slide that pushed June imports to their lowest level in a decade amid high prices and Middle East supply constraints.
June imports had plunged by 4.4 million barrels daily compared to the 2025 average, as Beijing cut purchases to manage costs. The July recovery suggests restocking efforts or shifting demand dynamics after the earlier contraction.
No immediate market reaction was reported, but the rebound may signal renewed demand from the world’s largest crude importer.