Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The United States has reduced the supply of petroleum products to China six times in a month


June, 25 2024
watermark Economic news

According to foreign trade statistics, the supply of petroleum products from the United States to China decreased sixfold, falling from $64 million in April to $10 million in May.


As a result, the United States dropped out of the top ten largest suppliers of petroleum products to China, dropping to 18th place.


In May, China imported petroleum products worth $2.74 billion, which is 19% less than the previous month. The top five exporters to China include Malaysia, Russia, South Korea, the UAE and Singapore.


Shipments from the UAE decreased by a third, to $189.5 million, which was the most significant drop among the main partners. Russia also reduced exports by 31.6% to $616 million, Malaysia — by 16.9% to $893 million, South Korea — by 12.3% to $232.6 million, and Singapore — by 9.7% to $145 million. 


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.