2021
Exports | Imports
$38.8M | $93.5BWorld Rnk 85 / 147
Flag Rnk 613 / 1214
World Rnk 3 / 163
Flag Rnk 1 / 1208
2021
ECONOMIC COMPLEXITY of India
0.61Rnk 41 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, India exported $38.8M in Crude Petroleum, making it the 85th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 613th most exported product in India. The main destination of Crude Petroleum exports from India are: South Africa ($22.6M), Australia ($16.1M), New Zealand ($53.4k), United Arab Emirates ($51.6k), and El Salvador ($34.6k).

The fastest growing export markets for Crude Petroleum of India between 2020 and 2021 were South Africa ($22.6M), Australia ($16.1M), and New Zealand ($51.3k).

Imports In 2021, India imported $93.5B in Crude Petroleum, becoming the 3rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in India. India imports Crude Petroleum primarily from: Iraq ($22.1B), Saudi Arabia ($15.8B), United States ($9.68B), United Arab Emirates ($9.35B), and Nigeria ($8.11B).

The fastest growing import markets in Crude Petroleum for India between 2020 and 2021 were Iraq ($8.89B), United States ($5.57B), and Saudi Arabia ($4.7B).

Latest Trends

Dec 2023

Subnational Monthly Trade

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Flow
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 Crude Petroleum. 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 (2021)$38.8M
IMPORTS (2021)$93.5B
NET TRADE (2021)-$93.5B

In 2021, India exported $38.8M in Crude Petroleum. The main destinations of India exports on Crude Petroleum were South Africa ($22.6M), Australia ($16.1M), New Zealand ($53.4k), United Arab Emirates ($51.6k), and El Salvador ($34.6k).

In 2021, India imported $93.5B in Crude Petroleum, mainly from Iraq ($22.1B), Saudi Arabia ($15.8B), United States ($9.68B), United Arab Emirates ($9.35B), and Nigeria ($8.11B).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR India WERE (2020 - 2021):
South Africa$22.6M (1%)
Australia$16.1M (1%)
New Zealand$51.3k (2.44k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY India WERE (2020 - 2021):
United Arab Emirates-$7.52M (-99.3%)
Netherlands-$4.34M (-100%)
France-$941 (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, India's main exporting competitors in Crude Petroleum were:
In 2021, India's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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