Research On China's Oil Trades And The Solving Methods

Oil foreign trades especially crude oil exports are very important in our country's foreign trade system, they also play a decisive role in the development of China's Industries and economics. China has always had huge oil and oil products imports these years, and China's present foreign trade system for oil is not perfect and has many defects. There are many problems that are left to be solved in China's oil trades.This paper begins at the history and present situation of China's oil trades, it analyses the procession of different stages of China's oil trades and its features, such as situation and changes of China's oil imports and exports through years, characteristics and changes of import and export structure, different trade methods, import resources and export destinations, the relativity of oil trades to the GDPs and so on. Then this paper goes on to the factors that affect the oil foreign trades, including domestic oil supply, domestic oil demand, the level of foreign trade development, exchange rates and changes caused by entering WTO. In studying the supply and demand gap, this paper uses a supply and demand balance method to decide the gap and uses method of domestic energy consumption development and method of energy elastic coefficient to estimate the future demand. From these analyses, it makes clear the basic situation and trends of China's oil foreign trades and the problem that should be solved and the reasons why they exit. In the conclusive part of this paper, it establishes a strategy of import substitution that includes controlling the supply and demand, importing properly, building an powerful oil trade group and so on. I hope it can bring some help to China's oil foreign trades.