The invention discloses a millimeter wave system channel feedback method based on tensor parallel compression, and the method comprises the steps: 1, enabling a receiving end to obtain the current downlink channel state information, and then modeling the channel state information into a high-order tensor form; 2, enabling the receiving end to compress the channel state information tensor into a plurality of tensors with the same size by using a tensor parallel compression technology; 3, enabling the receiving end to decompos the compressed tensors through CANDECOMP / PARAFAC (CP) decomposition,and feeding back an obtained factor matrix to the transmitting end through an uplink feedback link; and 4, enabling the transmitting end to recover the factor matrix of the tensor of the original channel state information according to the factor matrix currently fed back to the transmitting end, and reconstructing the original channel state information through the recovered factor matrix. According to the invention, the high-dimensional characteristic of a millimeter wave MIMO-OFDM channel is utilized, and a high-order tensor model is combined with a tensor parallel compression technology, sparse characteristics of a downlink channel are not needed, and the feedback overhead can be effectively reduced under the condition that the feedback precision is ensured.