In 2023, the imports of mineral fuels, oils, and related products in China were valued at 368.30 billion USD. The forecasted data from 2024 to 2028 indicates a steady annual increase, with the value reaching 418.53 billion USD in 2028. The data shows a year-on-year growth rate of approximately 2.7% from 2024 to 2028. The compound annual growth rate (CAGR) over this five-year period is roughly 2.6%.

Future trends to watch include:

Global oil price fluctuations, which could significantly impact China's import costs.
Domestic energy policies aimed at reducing dependency on imported fossil fuels.
Technological advancements in renewable energy, influencing the demand pattern for traditional mineral fuels.