China's 2024 imports saw record highs in natural resources but a notable drop in crude oil.

China's commodity imports in 2024 showed mixed results, with record highs for iron ore, coal, and natural gas, but a significant drop in crude oil imports, the first in two decades. This decline is attributed to rising oil prices, economic slowdown, and increased use of electric vehicles. Despite the crude oil slump, natural gas imports rose nearly 10%, and copper imports were stable, indicating varied economic performance and structural shifts.

2 months ago
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