Oil equipment trade

   Date:2007/12/24     Source:

CHINA sold US$3.25 billion worth of oil production equipment and related products abroad, including drilling machines, spare parts and steel oil pipes, in the first three quarters of this year, a jump of 67.4 percent on the same period of last year.

Customs sources said that the United States was the biggest market of China's exports, while China's foreign sales to Russia, Algeria and India surged by big margins.

From January to September, China sold US$1.04 billion worth of oil production equipment and related products, or 31.9 percent of the total, to the US, up 29.9 percent.

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