Refined Petroleum in India

EXPORTS (2018): $41.5B, World Rnk 6 / 198
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TOP DESTINATION (2018): $5.29B, Singapore

FASTEST GROWING MARKET (2017 - 2018): $2.33B, China

IMPORTS (2018): $5B, World Rnk 33 / 221
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TOP ORIGIN (2018): $1.17B, United Arab Emirates

FASTEST GROWING ORIGIN (2017 - 2018): $328M, Algeria

ECONOMIC COMPLEXITY of India (2018): 0.57, Rnk 45 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Overview: This page contains the latest trade data of Refined Petroleum in India.

Exports: In 2018, India exported $41.5B in Refined Petroleum, making it the 6th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in India. The main destination of Refined Petroleum exports from India are: Singapore ($5.29B), United Arab Emirates ($5.11B), Netherlands ($2.95B), China ($2.88B), and United States ($2.85B).

The fastest growing export markets for Refined Petroleum of India between 2017 and 2018 were China ($2.33B), Netherlands ($2.16B), and Singapore ($904M).

Imports: In 2018, India imported $5B in Refined Petroleum, becoming the 33rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 12th most imported product in India. India imports Refined Petroleum primarily from: United Arab Emirates ($1.17B), South Korea ($734M), Singapore ($565M), Saudi Arabia ($372M), and Algeria ($362M).

The fastest growing import markets in Refined Petroleum for India between 2017 and 2018 were Algeria ($328M), Saudi Arabia ($220M), and United States ($171M).

Tariffs: In 2018, the average tariff for India in Refined Petroleum was 8.69%. The countries with the highest import tariffs for Refined Petroleum were Angola (9.03%), Botswana (9.03%), Cote d'Ivoire (9.03%), Cameroon (9.03%), and Democratic Republic of the Congo (9.03%).

Value

EXPORTS (2018): $41.5B

IMPORTS (2018): $5B

NET TRADE (2018): $36.5B

In 2018, India exported $41.5B in Refined Petroleum. The main destinations of India exports on Refined Petroleum were Singapore ($5.29B), United Arab Emirates ($5.11B), Netherlands ($2.95B), China ($2.88B), and United States ($2.85B).

In 2018, India imported $5B in Refined Petroleum, mainly from United Arab Emirates ($1.17B), South Korea ($734M), Singapore ($565M), Saudi Arabia ($372M), and Algeria ($362M).

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IN 2018, India HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • Singapore, $4.72B ($5.29B - $565M)
  • United Arab Emirates, $3.95B ($5.11B - $1.17B)
  • Netherlands, $2.93B ($2.95B - $17.9M)

IN 2018, India HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • Algeria, -$361M ($1.57M - $362M)
  • Russia, -$256M ($4.75M - $261M)
  • Kuwait, -$75.7M ($4.58M - $80.3M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR India WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY India WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, India's main exporting competitors in Refined Petroleum were:

In 2018, India's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in India. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for India in Refined Petroleum was 8.69%.

The countries with the highest tariffs for Refined Petroleum in India were Angola (9.03%), Botswana (9.03%), Cote d'Ivoire (9.03%), Cameroon (9.03%), and Democratic Republic of the Congo (9.03%).

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