2022
Exports
$90.1BWorld Rnk 12 / 216
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$281BWorld Rnk 3 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $90.1B in Mineral fuels, mineral oils and products of their distillation, making it the 12th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in India. The main destination of Mineral fuels, mineral oils and products of their distillation exports from India are: Netherlands ($9.45B), United Arab Emirates ($8.79B), United States ($5.3B), Singapore ($4.86B), and Togo ($4.82B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of India between 2021 and 2022 were Netherlands ($6.53B), United Arab Emirates ($4.09B), and Togo ($2.44B).

Imports In 2022, India imported $281B in Mineral fuels, mineral oils and products of their distillation, becoming the 3rd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in India. India imports Mineral fuels, mineral oils and products of their distillation primarily from: Iraq ($38.6B), Saudi Arabia ($37.7B), Russia ($34B), Australia ($27.6B), and United Arab Emirates ($25.2B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for India between 2021 and 2022 were Russia ($31.6B), Saudi Arabia ($15.6B), and Iraq ($12.2B).

COMPANIES In 2023, leading companies such as STANLEY BLACK & DECKER, INC (9), CHICKEN OF THE SEA FROZEN FOODS (4), and MYSTIC APPAREL LLC (3) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from India to the United States.

Latest Trends

Mar 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 Mineral fuels, mineral oils and products of their distillation. 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)$90.1B
IMPORTS (2022)$281B
NET TRADE (2022)-$191B

In 2022, India exported $90.1B in Mineral fuels, mineral oils and products of their distillation. The main destinations of India exports on Mineral fuels, mineral oils and products of their distillation were Netherlands ($9.45B), United Arab Emirates ($8.79B), United States ($5.3B), Singapore ($4.86B), and Togo ($4.82B).

In 2022, India imported $281B in Mineral fuels, mineral oils and products of their distillation, mainly from Iraq ($38.6B), Saudi Arabia ($37.7B), Russia ($34B), Australia ($27.6B), and United Arab Emirates ($25.2B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR India WERE (2021 - 2022):
Netherlands$6.53B (224%)
United Arab Emirates$4.09B (87.2%)
Togo$2.44B (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY India WERE (2021 - 2022):
Japan-$452M (-50.7%)
Mauritius-$259M (-81%)
Malaysia-$226M (-11.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, India's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, India's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

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