Influenced by the financial crisis, the overall bilateral trade volume between China and Iran decreased by 39%in the first quarter of 2009; however,the volume of Iran's exported crude oil to China has increased by 88% compared with the same period last year up to May of 2009,totaling 308.8 million tons.Iran,as the world's No.5 crude exporter, replaced Saudi Arabia as China's largest oil supplier.At the same time, China,as the world's No.2 oil consumer, now imports half of the crude oil it consumes, and has become Iran's third largest customer.
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