The invention discloses a fluorination liquid composition and application thereof in a transformer. The fluorinated liquid composition is prepared from hexafluoropropylene dimer, hexafluoropropylene trimer, perfluorohexanone, perfluoroheptane, perfluorooctane, perfluoropentane, perfluorohexane, perfluorotripropylamine, perfluorotributylamine, perfluorotriamylamine, perfluoro-N-methylmorpholine, perfluorocyclic ether, perfluoropropyl methyl ether, perfluorobutyl methyl ether and perfluorobutyl ethyl ether. Any four of the perfluoro-2-methyl pentane-3-methoxy ether, the perfluoro-2-methyl hexane-3-ethoxy ether and the C8 cyclic ether mixture are respectively marked as a first component, a second component, a third component and a fourth component. Compared with traditional transformer oil, the fluorination liquid composition has better fluidity, thermal conductivity, heat dissipation, insulativity, high boiling point, low freezing point, low density and the like, and due to the advantages of environmental friendliness, oxidation resistance, low acid value and the like, the fluorination liquid composition is applied to a transformer, the defects of an existing transformer medium are reduced, and the service life of the transformer is prolonged.