Malaysia Sells a Lot More Oil (Mostly to China) Than It Produces

Source: Bloomberg calculations based on China Customs data; IEA

Iran sold just $1.2 billion worth of goods to China in the first quarter of the year, according to new China Customs data released this week.

That figure, though, is wholly misleading since it does not align with the news that Iran exported $35 billion worth of oil last year, with an estimated 90% going to China.

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by Eric Olander

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