2023
Exports
$59.1BWorld Rnk 15 / 219
Flag Rnk 1 / 96
2023
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.38Rnk 423 / 1025
2023
Imports
$222BWorld Rnk 3 / 226
Flag Rnk 1 / 96
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $59.1B in Mineral fuels, mineral oils and products of their distillation, making it the 15th 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: Singapore ($5.41B), United States ($5.21B), United Arab Emirates ($2.76B), Netherlands ($2.65B), and South Africa ($2.64B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of India between 2022 and 2023 were Singapore ($1.73B), Mozambique ($1.18B), and United States ($1.12B).

Imports In 2023, India imported $222B 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: Russia ($58.7B), Iraq ($29.6B), Saudi Arabia ($26.7B), United Arab Emirates ($16.7B), and Australia ($14.3B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for India between 2022 and 2023 were Russia ($24.8B), Canada ($825M), and Democratic Republic of the Congo ($329M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (7), Chicken of the Sea (4), and Mystic Apparel (3) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from India to the United States.

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 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 (2023)$59.1B
IMPORTS (2023)$222B
NET TRADE (2023)-$163B

In 2023, India exported $59.1B 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 Singapore ($5.41B), United States ($5.21B), United Arab Emirates ($2.76B), Netherlands ($2.65B), and South Africa ($2.64B).

In 2023, India imported $222B in Mineral fuels, mineral oils and products of their distillation, mainly from Russia ($58.7B), Iraq ($29.6B), Saudi Arabia ($26.7B), United Arab Emirates ($16.7B), and Australia ($14.3B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR India WERE (2022 - 2023):
Singapore$1.73B (46.9%)
Mozambique$1.18B (345%)
United States$1.12B (27.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY India WERE (2022 - 2023):
Turkey-$2.29B (-71.1%)
Brazil-$1.82B (-64%)
Indonesia-$1.42B (-59.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, India's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2023, 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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $3.91B
TOP IMPORT POTENTIALUnited States+ $6.45B

Mineral fuels, mineral oils and products of their distillation’s highest export potential is United States. With an export gap of $3.91B.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is United States with an import gap of $6.45B.

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