In order to further enhance the competitiveness of China’s oilseed industry and promote its high-quality development, the data of oilseed production, consumption and trade since 2000 were selected, and the competitiveness of China’s oilseed industry from the perspectives of absolute advantage, comparative advantage and enterprise competitiveness were systematically analyzed, the main reasons affecting the competitiveness of China’s oilseed industry were discussed by calculating the contribution rate of oilseed planting technology and the trade competitiveness index. The results showed that China’s oilseed industry was at a disadvantage in all the aspects of absolute advantage, comparative advantage and enterprise competitiveness, and the limiting factors were insufficient resource endowment, low contribution of technological progress, imperfect symbiotic development of the upstream and downstream of the industrial chain and unfavorable domestic and foreign agricultural policy environment. Based on this, targeted opinions and suggestions were put forward from multiple perspectives such as resource development, technological breakthrough and policy support, which provided data references and technical supports for the formulation of the national grain and oilseed development strategy.