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From January 2023 to November 2023, the growth of imports for Crude Oil remained at a lower figure. In value terms, crude oil imports dropped to $11.9B in November 2023.
From January 2023 to October 2023, the growth of imports for Crude Oil remained at a somewhat lower figure, with crude oil imports soaring to $12.4B in October 2023 in value terms.
According to September 2023 data, imports dropped by -12.9% compared to the indices in June 2023. The value of Crude Oil imports reached $3B in September 2023.
Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
The import growth of Crude Oil remained stable between January 2023 and July 2023, reaching a value of $9 billion in July 2023.
In January 2023, the crude oil price stood at $662 per ton (CIF, United Kingdom), falling by -3.2% against the previous month.
In February 2023, the CIF price of crude oil was $584 per ton in China, a 1.6% decrease from the previous month.
In March-April 2022, the U.S. crude oil imports reached a record high of $17 billion per month. The U.S. paid twice as much for oil imports in January-April than it did last year
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