2023
Exports
$31.1MWorld Rnk 79 / 150
Flag Rnk 669 / 1212
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$140BWorld Rnk 3 / 159
Flag Rnk 1 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $31.1M in Crude Petroleum, making it the 79th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 669th most exported product in India. The main destination of Crude Petroleum exports from India are: Qatar ($30.8M), United Arab Emirates ($215k), United States ($10.8k), Guatemala ($7.69k), and Luxembourg ($6.38k).

The fastest growing export markets for Crude Petroleum of India between 2022 and 2023 were Qatar ($30.8M), United Arab Emirates ($215k), and United States ($10.8k).

Imports In 2023, India imported $140B 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: Russia ($48.6B), Iraq ($28.3B), Saudi Arabia ($23.6B), United Arab Emirates ($8.55B), and United States ($5.5B).

The fastest growing import markets in Crude Petroleum for India between 2022 and 2023 were Russia ($23.1B), Canada ($1.06B), and Greece ($502M).

Latest Trends

Dec 2024

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 (2023)$31.1M
IMPORTS (2023)$140B
NET TRADE (2023)-$140B

In 2023, India exported $31.1M in Crude Petroleum. The main destinations of India exports on Crude Petroleum were Qatar ($30.8M), United Arab Emirates ($215k), United States ($10.8k), Guatemala ($7.69k), and Luxembourg ($6.38k).

In 2023, India imported $140B in Crude Petroleum, mainly from Russia ($48.6B), Iraq ($28.3B), Saudi Arabia ($23.6B), United Arab Emirates ($8.55B), and United States ($5.5B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR India WERE (2022 - 2023):
Qatar$30.8M (1%)
United States$10.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY India WERE (2022 - 2023):
South Korea-$2.19M (-100%)
El Salvador-$86.8k (-100%)
New Zealand-$19.1k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Crude Petroleum were:
In 2023, India's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $4.04M
TOP IMPORT POTENTIALNigeria+ $3.77B

Crude Petroleum’s highest export potential is South Korea. With an export gap of $4.04M.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $3.77B.

See methodology.

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