Crude Oil Production in China increased to 4500 BBL/D/1K in March from 4340 BBL/D/1K in February of 2025. This dataset provides the latest reported value for - China Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about China Crude Oil: Imports

• China Crude Oil: Imports was reported at 11,308.860 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 10,187.048 Barrel/Day th for Dec 2022
• China Crude Oil: Imports data is updated yearly, averaging 1,400.537 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 11,308.860 Barrel/Day th in 2023 and a record low of 1.404 Barrel/Day th in 1981
• China Crude Oil: Imports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Imports

This dataset contains China Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

In May 2025, China imported around **** million metric tons of crude oil. The annual import volume of crude oil in China amounted to around ***** million metric tons in 2024.

China Import Price: Crude Oil data was reported at 550.354 USD/Ton in Mar 2025. This records a decrease from the previous number of 565.521 USD/Ton for Feb 2025. China Import Price: Crude Oil data is updated monthly, averaging 391.538 USD/Ton from Jan 1993 (Median) to Mar 2025, with 387 observations. The data reached an all-time high of 948.796 USD/Ton in Aug 2008 and a record low of 88.470 USD/Ton in Jan 1999. China Import Price: Crude Oil data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price. [COVID-19-IMPACT]

In 2024, China imported crude oil to the value of approximately 324.8 billion U.S. dollars. This was the third highest value of crude oil imports in the period of consideration.

In April 2025, roughly ***** million metric tons of crude oil were produced in China. This was an increase compared to the same month in the previous year. Crude oil industry leaders and consumer groups China's leading oil, gas, and petrochemical companies are state-owned enterprises Sinopec and Petrochina. In 2023, they reported whopping annual revenues of around *** and *** trillion yuan, respectively. Their business performance is in part driven by increasing demand for oil and oil products by the automotive industry. With over *** million cars sold each month, automobile sales in China stimulate demand for petroleum-based motor fuels. This is also reflected in the production of refinery products, such as gasoline and diesel. China's growing appetite for primary energy As the wealth of its residents grows, so too does the country's demand for primary energy sources. In 2023, China was ranked the world's largest primary energy consumer. Crude oil consumption has been climbing continuously in the past few years, although coal remains the most dominant energy source in the country. Together, coal and oil make up the lion’s share in China’s primary energy consumption.

In 2024, China imported around *** million metric tons of crude oil, decreasing from about *** million metric tons in the previous year. China's crude oil imports have seen an upward trend in the past decade, doubling compared to 2013.

China Imports from Russia of Crude Oil was US$62.59 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Russia of Crude Oil - data, historical chart and statistics - was last updated on July of 2025.

Key information about China Oil Consumption

• China Oil Consumption was reported at 16,576.537 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 14,969.983 Barrel/Day th for Dec 2022
• China Oil Consumption data is updated yearly, averaging 2,965.072 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 16,576.537 Barrel/Day th in 2023 and a record low of 215.494 Barrel/Day th in 1965
• China Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

Imports of Crude Petroleum (value) in China increased to 25692752 USD Thousand in February from 25595884 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Imports of Crude Petroleum (value).

In 2024, the oil production in China amounted to around *** million barrels per day. The oil industry in China is largely influenced by the population size as well as political conditions in the country. The oil industry is dominated by state-owned companies, including China National Offshore Oil Corp.

Key information about China Crude Oil: Production

• China Crude Oil: Production was reported at 4,181.323 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 4,093.860 Barrel/Day th for Dec 2022
• China Crude Oil: Production data is updated yearly, averaging 2,809.513 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 4,287.838 Barrel/Day th in 2015 and a record low of 17.500 Barrel/Day th in 1960
• China Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

This statistic shows crude oil production in China from 2010 to 2023. Approximately *** million metric tons of crude oil had been produced in China in 2023.

Key information about China Crude Oil: Exports

• China Crude Oil: Exports was reported at 28.347 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 41.489 Barrel/Day th for Dec 2022
• China Crude Oil: Exports data is updated yearly, averaging 157.300 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 606.400 Barrel/Day th in 1985 and a record low of 12.167 Barrel/Day th in 2014
• China Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

China Crude Oil Production data was reported at 209.026 Ton mn in 2023. This records an increase from the previous number of 204.722 Ton mn for 2022. China Crude Oil Production data is updated yearly, averaging 130.688 Ton mn from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 214.556 Ton mn in 2015 and a record low of 0.120 Ton mn in 1949. China Crude Oil Production data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBA: Energy Production: Crude Oil.

China Crude Oil: Port Inventory: Quanzhou Port data was reported at 110.000 Ton tt in 09 May 2025. This stayed constant from the previous number of 110.000 Ton tt for 02 May 2025. China Crude Oil: Port Inventory: Quanzhou Port data is updated daily, averaging 109.000 Ton tt from Nov 2019 (Median) to 09 May 2025, with 288 observations. The data reached an all-time high of 141.000 Ton tt in 07 Aug 2020 and a record low of 87.000 Ton tt in 22 Nov 2019. China Crude Oil: Port Inventory: Quanzhou Port data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBP: Crude Oil: Inventory.

China Imports from Sudan of Crude Oil was US$104.52 Million during 2023, according to the United Nations COMTRADE database on international trade. China Imports from Sudan of Crude Oil - data, historical chart and statistics - was last updated on July of 2025.

China Imports from China of Crude Oil was US$2.38 Thousand during 2023, according to the United Nations COMTRADE database on international trade. China Imports from China of Crude Oil - data, historical chart and statistics - was last updated on July of 2025.

China Imports from Saudi Arabia of Crude Oil was US$47.91 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Saudi Arabia of Crude Oil - data, historical chart and statistics - was last updated on July of 2025.