HS Icon Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes in  Flag India

2020
Exports | Imports
: $26.8B | $102B, World Rnk 19 / 216
Flag Rnk 1 / 96 | World Rnk 3 / 224
Flag Rnk 1 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $625M | $1.31B, Australia |  South Africa


ECONOMIC COMPLEXITY of India
: 0.56, Rnk 40 / 127


PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral...
: -2.55, Rnk 96 / 96

Exports In 2020, India exported $26.8B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., making it the 19th largest exporter of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 1st most exported product in India. The main destination of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... exports from India are: Singapore ($3.26B), United Arab Emirates ($3.01B), United States ($1.64B), Netherlands ($1.45B), and Malaysia ($1.31B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... of India between 2019 and 2020 were Australia ($625M), Venezuela ($491M), and Saudi Arabia ($209M).

Imports In 2020, India imported $102B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., becoming the 3rd largest importer of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 1st most imported product in India. India imports Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... primarily from: Iraq ($14.4B), Saudi Arabia ($13B), United Arab Emirates ($10.1B), Australia ($9.41B), and United States ($7.59B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... for India between 2019 and 2020 were South Africa ($1.31B), Colombia ($630M), and Kazakhstan ($475M).

Tariffs In 2019, the average tariff for India in Mineral fuels, mineral oils and products of their... was 6.95%. The countries with the highest import tariffs for Mineral fuels, mineral oils and products of their... were Brunei (Most Favoured Nation duty rate treatement, 9.17%), Indonesia (Most Favoured Nation duty rate treatement, 9.17%), Malaysia (Most Favoured Nation duty rate treatement, 9.17%), Philippines (Most Favoured Nation duty rate treatement, 9.17%), and Thailand (Most Favoured Nation duty rate treatement, 9.17%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes. 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

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EXPORTS (2020): $26.8B

IMPORTS (2020): $102B

NET TRADE (2020): -$75B

In 2020, India exported $26.8B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral.... The main destinations of India exports on Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were Singapore ($3.26B), United Arab Emirates ($3.01B), United States ($1.64B), Netherlands ($1.45B), and Malaysia ($1.31B).

In 2020, India imported $102B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., mainly from Iraq ($14.4B), Saudi Arabia ($13B), United Arab Emirates ($10.1B), Australia ($9.41B), and United States ($7.59B).

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IN 2020, India HAD A POSITIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... WITH:

IN 2020, India HAD A NEGATIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... WITH:

Flow

THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... EXPORT MARKETS FOR India WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... BY India WERE (2019 - 2020):

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Market Concentration

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In 2019, India's main exporting competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

In 2019, India's main importing competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

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