Japan's crude oil imports in June increased by about 6% year-on-year, with supplies from the US surging over 70 times and the Middle East's share plummeting to 62%

智通财经2026/07/31 09:16

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Data from Japan's Ministry of Economy, Trade and Industry on Friday shows that crude oil imports in June rose to approximately 2.1 million barrels per day, a year-on-year increase of about 6%, marking the first growth in four months. This rebound was mainly driven by a significant increase in purchases from the United States, offsetting a decline in supply from the Middle East.
Imports from the Middle East plummeted by about 32% that month, with the two major suppliers, United Arab Emirates and Saudi Arabia, decreasing by around 27% and 31% respectively. In April and May, these two countries had already posted substantial drops of roughly 68% and 50% respectively.
Meanwhile, crude oil imports from the United States surged by more than 70 times year-on-year, reaching nearly 680,000 barrels per day and accounting for about 32% of Japan's total imports from the US. Japan also imported approximately 40,000 barrels per day from Ecuador and about 25,000 barrels per day from Russia.
In 2025, Japan is expected to rely on the Middle East for about 94% of its crude oil, but in June this year the proportion had already fallen to around 62%, marking the ninth consecutive month of year-on-year decline. This signals Japan's ongoing acceleration of its efforts to diversify energy imports.
In terms of domestic refined oil sales, total sales in June fell by about 8% year-on-year to approximately 2.02 million barrels per day. Gasoline sales declined by about 7%, while kerosene sales fell by roughly 15%. Refinery throughput increased by about 5% year-on-year. By the end of the month, crude oil inventories stood at around 69.4 million barrels, up about 8% from the previous month but down roughly 8% year-on-year.

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Japan's crude oil imports in June increased by about 6% year-on-year, with supplies from the US surging over 70 times and the Middle East's share plummeting to 62%

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