HS Icon Petroleum Gas in  Flag India

2020
Exports | Imports
: $289M | $13.8B, World Rnk 42 / 152
Flag Rnk 179 / 1215 | World Rnk 4 / 220
Flag Rnk 5 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $9.94M | $854M, Myanmar |  United Arab Emirates


ECONOMIC COMPLEXITY of India
: 0.56, Rnk 40 / 127


PRODUCT COMPLEXITY  IN Petroleum Gas
: -2.14, Rnk 1011 / 1028

Exports In 2020, India exported $289M in Petroleum Gas, making it the 42nd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 179th most exported product in India. The main destination of Petroleum Gas exports from India are: Nepal ($236M), Mauritius ($31.8M), Myanmar ($17.1M), Bhutan ($3.94M), and United Kingdom ($215k).

The fastest growing export markets for Petroleum Gas of India between 2019 and 2020 were Myanmar ($9.94M), Bhutan ($2.04M), and Spain ($85.7k).

Imports In 2020, India imported $13.8B in Petroleum Gas, becoming the 4th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 5th most imported product in India. India imports Petroleum Gas primarily from: Qatar ($5.05B), United Arab Emirates ($2.28B), Saudi Arabia ($1.54B), United States ($977M), and Nigeria ($883M).

The fastest growing import markets in Petroleum Gas for India between 2019 and 2020 were United Arab Emirates ($854M), United States ($254M), and Kuwait ($106M).

Tariffs In 2019, the average tariff for India in Petroleum Gas was 7.27%. The countries with the highest import tariffs for Petroleum Gas were China (Most Favoured Nation duty rate treatement, 9.17%), Chile (Most Favoured Nation duty rate treatement, 9.17%), Angola (Most Favoured Nation duty rate treatement, 8.57%), Botswana (Most Favoured Nation duty rate treatement, 8.57%), and Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8.57%).

Subnational Monthly Trade

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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 Gas. 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): $289M

IMPORTS (2020): $13.8B

NET TRADE (2020): -$13.5B

In 2020, India exported $289M in Petroleum Gas. The main destinations of India exports on Petroleum Gas were Nepal ($236M), Mauritius ($31.8M), Myanmar ($17.1M), Bhutan ($3.94M), and United Kingdom ($215k).

In 2020, India imported $13.8B in Petroleum Gas, mainly from Qatar ($5.05B), United Arab Emirates ($2.28B), Saudi Arabia ($1.54B), United States ($977M), and Nigeria ($883M).

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IN 2020, India HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:

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THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR India WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY India WERE (2019 - 2020):

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Market Concentration

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In 2019, India's main exporting competitors in Petroleum Gas were:

In 2019, India's main importing competitors in Petroleum Gas were:

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Tariffs by Country

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In 2019, the average tariff for India in Petroleum Gas was 7.27%.

The countries with the highest tariffs for Petroleum Gas in India were China (Most Favoured Nation duty rate treatement, 9.17%), Chile (Most Favoured Nation duty rate treatement, 9.17%), Angola (Most Favoured Nation duty rate treatement, 8.57%), Botswana (Most Favoured Nation duty rate treatement, 8.57%), and Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8.57%).