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

Oil consumption in China amounted to 16.6 million barrels per day in 2023, up from 15 million barrels daily in the prior year. Between 1990 and 2023, figures increased by more than 14 million barrels per day.

CN: Crude Oil Consumption: Industry: Mfg: Cultural, Educational, Art and Craft, Sports and Entertainment Products data was reported at 0.000 Ton mn in 2016. This records an increase from the previous number of 0.000 Ton mn for 2014. CN: Crude Oil Consumption: Industry: Mfg: Cultural, Educational, Art and Craft, Sports and Entertainment Products data is updated yearly, averaging 0.000 Ton mn from Dec 2012 (Median) to 2016, with 4 observations. The data reached an all-time high of 0.000 Ton mn in 2013 and a record low of 0.000 Ton mn in 2014. CN: Crude Oil Consumption: Industry: Mfg: Cultural, Educational, Art and Craft, Sports and Entertainment Products data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBB: Crude Oil Consumption.

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.

CN: Crude Oil Consumption: Industry: Mfg: Rubber and Plastic Products data was reported at 0.000 Ton mn in 2022. This records a decrease from the previous number of 0.001 Ton mn for 2021. CN: Crude Oil Consumption: Industry: Mfg: Rubber and Plastic Products data is updated yearly, averaging 0.003 Ton mn from Dec 1995 (Median) to 2022, with 22 observations. The data reached an all-time high of 0.012 Ton mn in 1995 and a record low of 0.000 Ton mn in 2022. CN: Crude Oil Consumption: Industry: Mfg: Rubber and Plastic Products data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBB: Crude Oil Consumption.

In 2023, China consumed 768.6 million metric tons of oil, while Hong Kong consumed around 13.3 million metric tons of oil. During the period under consideration, figures presented a trend of growth, with an increase of nearly 450 million metric tons. The East Asian country is the world's largest primary energy consumer.

Forecast: Crude Oil Consumption in Manufacturing in China 2023 - 2027 Discover more data with ReportLinker!

Forecast: Crude Oil Consumption of Fuel in China 2022 - 2026 Discover more data with ReportLinker!

The statistic presents the crude oil consumption in China in 2012, by sector. That year, the mining and quarrying sector in China had consumed approximately 11 million tons of crude oil.

By 2029, global oil demand is forecast to reach 112.3 million barrels per day. China is expected to account for 18.4 million barrels of daily oil demand while India is expected to account for 6.9 million barrels worth.

China Crude Oil Consumption: Industry: Mfg: Textile data was reported at 0.001 Ton mn in 2018. This records an increase from the previous number of 0.000 Ton mn for 2017. China Crude Oil Consumption: Industry: Mfg: Textile data is updated yearly, averaging 0.002 Ton mn from Dec 1985 (Median) to 2018, with 28 observations. The data reached an all-time high of 0.059 Ton mn in 1985 and a record low of 0.000 Ton mn in 2017. China Crude Oil Consumption: Industry: Mfg: Textile 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.RBB: Crude Oil Consumption.

Discover the implications of China's economic policy shift on oil prices and crude trade, examining modest growth in global demand and China's significant role in the oil market landscape.

The United States and China are the top largest consumers of oil in the world, totaling 19 million and 16.6 million barrels per day, respectively. In the last decade, the share of global oil consumption from Europe and North America have begun to decline, whereas consumption levels from Asia Pacific and other regions have risen. As other sources of energy become more cost effective and due to the prominence of new transportation technologies, oil consumption worldwide is expected to reach a peak in the near future. Refining oil Crude oil is refined into petroleum products, such as gasoline and diesel fuel, and used for a wide variety of products, although many refineries focus on transportation fuels. Generally, crude oil feedstocks are processed by an oil production plant and is an essential part of the downstream petroleum industry.

Road transportation is the greatest oil demanding sector in OECD (Organisation for Economic Co-operation and Development) member states. In 2023, 49.02 percent of all oil consumed in the OECD was related to motor vehicle usage. By comparison, the petrochemical sector which manufactures plastics, resins, and other petroleum-based products, only made up about an eighth of total demand. U.S. and China by far largest consumers The United States and China are the greatest oil consumers worldwide by a wide margin. In 2023, daily oil consumption in these countries amounted to 19 million barrels and 16.6 million barrels, respectively. Daily global crude oil demand, including biofuels, reached 102.21 million barrels in 2023, up from 99.57 million barrels in 2022. The future road sector Oil is used in numerous manufacturing processes and still accounts for a large chunk of primary energy supply worldwide. It is largely used to produce transportation fuels such as gasoline, diesel, and kerosene. As such, demand is also shaped by a growth or decline in internal-combustion engine vehicle usage and overall economic performance. During the 2020 pandemic, oil demand within the road sector decreased as lockdowns were enforced across the world. With many countries pushing for a wider adoption of electric vehicles, oil demand in the road sector is likely to be further affected going forward.

This statistic outlines the oil demand in China from 2013 to 2016, with projections until 2040. It is projected that the demand for oil in China in 2030 will be some 15.7 million barrels per day.

Forecast: Average Daily Crude Oil Consumption in China 2022 - 2026 Discover more data with ReportLinker!

Forecast: Crude Oil Consumption in Petroleum Refineries in China 2022 - 2026 Discover more data with ReportLinker!

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