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Exports In 2022, India exported $2.3M in Petroleum oils, oils from bituminous minerals, crude, making it the 99th largest exporter of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 3171st most exported product in India. The main destination of Petroleum oils, oils from bituminous minerals, crude exports from India are: South Korea ($2.19M), El Salvador ($86.8k), New Zealand ($19.1k), Tanzania ($1.41k), and Spain ($227).

The fastest growing export markets for Petroleum oils, oils from bituminous minerals, crude of India between 2021 and 2022 were South Korea ($2.19M), El Salvador ($46.5k), and Tanzania ($1.41k).

Imports In 2022, India imported $170B in Petroleum oils, oils from bituminous minerals, crude, becoming the 3rd largest importer of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 1st most imported product in India. India imports Petroleum oils, oils from bituminous minerals, crude primarily from: Iraq ($37.1B), Saudi Arabia ($32.7B), Russia ($25.5B), United Arab Emirates ($14.8B), and United States ($10.8B).

The fastest growing import markets in Petroleum oils, oils from bituminous minerals, crude for India between 2021 and 2022 were Russia ($24.6B), Saudi Arabia ($14.8B), and Iraq ($12B).

COMPANIES In 2023, leading companies such as John Deere (6.8k), IKEA Group (6.65k), and Old Navy (4.68k) were at the forefront of shipping Petroleum oils, oils from bituminous minerals, crude from India to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Petroleum oils, oils from bituminous minerals, crude. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.3M
IMPORTS (2022)$170B
NET TRADE (2022)-$170B

In 2022, India exported $2.3M in Petroleum oils, oils from bituminous minerals, crude. The main destinations of India exports on Petroleum oils, oils from bituminous minerals, crude were South Korea ($2.19M), El Salvador ($86.8k), New Zealand ($19.1k), Tanzania ($1.41k), and Spain ($227).

In 2022, India imported $170B in Petroleum oils, oils from bituminous minerals, crude, mainly from Iraq ($37.1B), Saudi Arabia ($32.7B), Russia ($25.5B), United Arab Emirates ($14.8B), and United States ($10.8B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum oils, oils from bituminous minerals, crude EXPORT MARKETS FOR India WERE (2021 - 2022):
South Korea$2.19M (1%)
El Salvador$46.5k (115%)
Tanzania$1.41k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum oils, oils from bituminous minerals, crude BY India WERE (2021 - 2022):
South Africa-$22.6M (-100%)
Australia-$18.5M (-100%)
United Arab Emirates-$58.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, India's main exporting competitors in Petroleum oils, oils from bituminous minerals, crude were:
In 2022, India's main importing competitors in Petroleum oils, oils from bituminous minerals, crude were:

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Trade Value of Petroleum oils, oils from bituminous minerals, crude by Exporters

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