<!-- mobian-agent-page publisher="time" canonical="https://time.com/3853451/china-crude-oil-top-importer/" -->

---
description: China is now the world’s largest importer of crude oil, surpassing the U.S. with the long-term outlook pointing towards a permanent shift
title: China Becomes World&#x27;s Top Oil Importer
image: https://static.time.com/v3/assets/bltea6093859af6183b/blt67abc5e76b6a8944/6987ef2ae53aba54084dbc2e/beijing-traffic-china.jpg?branch=production&amp;width=3840&amp;quality=75&amp;auto=webp&amp;crop=16:9
---

![](https://static.time.com/v3/assets/bltea6093859af6183b/blt67abc5e76b6a8944/6987ef2ae53aba54084dbc2e/beijing-traffic-china.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9)

* [World](/section/world/)  
## World  

Update your preferences in [Account Settings](/account/preferences/)  
Close

# China Has Become the World's Biggest Crude Oil Importer for the First Time


by 

[Kevin McSpadden](/author/kevin-mcspadden/)


## Kevin McSpadden


Update your preferences in [Account Settings](/account/preferences/)

Close

May 11, 2015 9:27 AM CUT

![Holiday travel rush congests roads in Chinese cities](https://static.time.com/v3/assets/bltea6093859af6183b/blt67abc5e76b6a8944/6987ef2ae53aba54084dbc2e/beijing-traffic-china.jpg?branch=production&width=3840&quality=75&auto=webp&crop=3:2)

Masses of vehicles move slowly during a traffic jam near the entrance to Lianhuo (Lianyungang-Khorgos) Expressway during the Labor Day holiday in Zhengzhou city, central China's Henan province, 1 May 2015.

Masses of vehicles move slowly during a traffic jam near the entrance to Lianhuo (Lianyungang-Khorgos) Expressway during the Labor Day holiday in Zhengzhou city, central China's Henan province, 1 May 2015.Feng lei—Imaginechina/AP

by 

[Kevin McSpadden](/author/kevin-mcspadden/)


## Kevin McSpadden


Update your preferences in [Account Settings](/account/preferences/)

Close

May 11, 2015 9:27 AM CUT

China is now the largest importer of crude oil in the world. In April, it [surpassed](http://www.ft.com/cms/s/0/342b3a2e-f5a7-11e4-bc6d-00144feab7de.html#axzz3ZoiSyMiu "undefined") the U.S., which has traditionally held the slot, with imports of 7.4 million barrels per day (bpd) or 200,000 more than the U.S., according to the _Financial Times_.

The news comes as a surprise because the Chinese economy has been slowing and just this weekend, in an effort to stimulate growth, the People’s Bank of China cut interest rates for the third time in 6 months.

Over the next few months, the U.S. and China may be in and out of the top spot, but because American imports dropped by about 3 million bpd in the last decade (thanks in large part to shale extractions) and because China’s purchases have boosted seven-fold, the Chinese should be the top crude oil importer on a long term basis.

China [overtook](http://www.theguardian.com/environment/2010/aug/03/china-overtakes-us-energy-consumer "undefined") the United States as the world’s top energy consumer in 2010 and is already the number one purchaser of many commodities, such as coal, iron ore and most metals.

### See the World's Largest Solar Plants From Above

![Desert Sunlight where 8 million solar panels power 160, 000 California homes. Jamey Stillings for TIME](https://static.time.com/v3/assets/bltea6093859af6183b/bltec30d5db55a0d7ea/698781092dce016da29ddbf4/01_jamey_stillings_20150219_cp.jpg?branch=production&width=3840&quality=75&auto=webp)

Desert Sunlight Solar Farm produces 550 megawatts of energy, equal to the output of a conventional power plant, near Palm Springs, Calif., where 8 million photovoltaic (PV) panels convert sunlight into electricity. Jamey Stillings for TIME

![Desert Sunlight Solar Farm produces 550 megawatts of energy, equal to the output of a conventional power plant, near Palm Springs, California, where. 8 million photovoltaic \(PV\) panels convert sunlight into electricity.  Jamey Stillings for TIME](https://static.time.com/v3/assets/bltea6093859af6183b/bltd13dac159d33e4f3/6987810935ba6fbb70c07466/02_jamey_stillings_20150219_cp.jpg?branch=production&width=3840&quality=75&auto=webp)

Desert Sunlight Solar Farm where 8 million solar panels power 160,000 California homes, in the Mojave Desert, California. Jamey Stillings for TIME

![The Crescent Dunes Solar Energy Project, a 110 megawatt solar thermal power project, near Tonopah, Nevada. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/bltb8f0a4fe0dad6a6d/6987810acd684809ec099e14/03_jamey_stillings_20140626_cp.jpg?branch=production&width=3840&quality=75&auto=webp)

The Crescent Dunes Solar Energy Project, a 110-megawatt solar thermal power project, near Tonopah, Nev. Jamey Stillings

![The Crescent Dunes Solar Energy Project, a 110 megawatt solar thermal power project, near Tonopah, Nevada. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/blt41f64d0f8a259071/6987810a06f2c17b433342b3/04_jamey_stillings_20140626_cp.jpg?branch=production&width=3840&quality=75&auto=webp)

The Crescent Dunes Solar Energy Project, near Tonopah, Nev. Jamey Stillings

![The Crescent Dunes Solar Plant, near Tonopah, Nev. ](https://static.time.com/v3/assets/bltea6093859af6183b/bltbe942c1ceacfb876/6987810aa988cab3816acaa3/05_jamey_stillings_20140625_cp.jpg?branch=production&width=3840&quality=75&auto=webp)

The Crescent Dunes Solar Plant, near Tonopah, Nev. Jamey Stillings


![The Crescent Dunes Solar Energy Project, a 110 megawatt solar thermal power project, near Tonopah, Nevada. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/blt7931fd09cffd6c93/6987810be53abac7404d7c71/06_jamey_stillings_20140626_cp.jpg?branch=production&width=3840&quality=75&auto=webp)

The Crescent Dunes Solar Energy Project, near Tonopah, Nev. Jamey Stillings

![Mirrored heliostats dot the landscape at the Ivanpah Solar Plant in the Mojave Desert, California. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/blt86f55c9d2d672d72/6987810b5f570f645bb15765/07_jamey_stillings_20130321_bse.jpg?branch=production&width=3840&quality=75&auto=webp)

Mirrored heliostats dot the landscape at the Ivanpah solar plant in the Mojave Desert, California. Jamey Stillings

![Construction of Ivanpah Solar Field  One in the Mojave Desert, California. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/blt8f77d560754a9448/6987810b5f570f4a42b15769/08_jamey_stillings_20110421_bse.jpg?branch=production&width=3840&quality=75&auto=webp)

Construction of Ivanpah Solar Field One in the Mojave Desert, California. Jamey Stillings


![Heliostat installation at the Ivanpah thermal solar plant in the Mojave Desert, California. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/bltfe67c9f6fa876675/6987810cf887dc0d1ce8a50a/09_jamey_stillings_20121027_bse.jpg?branch=production&width=3840&quality=75&auto=webp)

Heliostat installation at the Ivanpah thermal solar plant in the Mojave Desert, California. Jamey Stillings

![Mirrored Heliostats at the Ivanpah Solar plant in the Mojave Desert in California. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/blt5fa59e37bbecc5be/6987810c524fc08abedeca6f/10_jamey_stillings_20130625_bse.jpg?branch=production&width=3840&quality=75&auto=webp)

Mirrored heliostats at the Ivanpah solar plant in the Mojave Desert in California. Jamey Stillings

![Mirrored Heliostats that reflect and concentrate desert sunshine surround a tower at the Ivanpah Solar power station in the Mojave Desert, California. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/blt4218945887791ab5/6987810cf887dceaace8a50e/11_jamey_stillings_20121027_bse.jpg?branch=production&width=3840&quality=75&auto=webp)

Mirrored heliostats that reflect and concentrate desert sunshine surround a tower at the Ivanpah solar power station in the Mojave Desert, California. Jamey Stillings


![350, 000 mirrored heliostats reflect light onto boilers generating 392 megawatts of energy at the Ivanpah Solar power station in the Mojave Desert, California. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/bltf74399d6b4fa2d80/6987810dcd6848cedb099e1d/12_jamey_stillings_20140924_bse.jpg?branch=production&width=3840&quality=75&auto=webp)

350, 000 mirrored heliostats reflect light onto boilers generating 392 megawatts of energy at the Ivanpah solar power station in the Mojave Desert, California. Jamey Stillings

![in the  Mojave Desert, California. Unlike solar photovoltaic plants, which generate electricity directly from sunlight, Ivanpah uses hundreds of thousands of curved mirrors to reflect and concentrate the desert sunshine. Jamey Stillings](https://static.time.com/v3/assets/bltea6093859af6183b/blt1995f0a7c0c35869/6987810de53aba61cf4d7c76/13_jamey_stillings_20130321_bse.jpg?branch=production&width=3840&quality=75&auto=webp)

The Ivanpah solar power station in the Mojave Desert, California. Jamey Stillings

```json
[{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3853451/china-crude-oil-top-importer/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3853451/china-crude-oil-top-importer/"},"headline":"China Has Become the World's Biggest Crude Oil Importer for the First Time","datePublished":"2015-05-11T09:27:41.000Z","dateModified":"2026-05-11T05:04:03.718Z","description":"The news reflects both China's soaring energy consumption and America's shale revolution","url":"https://time.com/3853451/china-crude-oil-top-importer/","keywords":["Economy","China","energy","U.S.","Oil","Beijing","World","America","Washington D.C.","interest rates","Crude Oil","commodities","Oil prices"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt67abc5e76b6a8944/6987ef2ae53aba54084dbc2e/beijing-traffic-china.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Kevin McSpadden","jobTitle":null,"url":"https://time.com/author/kevin-mcspadden/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt67abc5e76b6a8944/6987ef2ae53aba54084dbc2e/beijing-traffic-china.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Holiday travel rush congests roads in Chinese cities","caption":"Holiday travel rush congests roads in Chinese cities","creditText":"Feng lei—Imaginechina/AP","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/3853451/china-crude-oil-top-importer/","name":"China Has Become the World's Biggest Crude Oil Importer for the First Time"}}]}]
```
