2022
Exports | Imports
$2.3M | $170BWorld Rnk 99 / 149
Flag Rnk 1022 / 1212
World Rnk 3 / 158
Flag Rnk 1 / 1206
2022
ECONOMIC COMPLEXITY of India
0.57Rnk 42 / 124
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.44Rnk 1015 / 1025

About

Exports In 2022, India exported $2.3M in Crude Petroleum, making it the 99th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1022nd most exported product in India. The main destination of Crude Petroleum exports from India are: South Korea ($2.19M), El Salvador ($86.8k), New Zealand ($19.1k), Tanzania ($1.41k), and Spain ($227).

The fastest growing export markets for Crude Petroleum of India between 2021 and 2022 were South Korea ($2.19M), El Salvador ($46.5k), and Tanzania ($1.41k).

Imports In 2022, India imported $170B 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: Iraq ($37.1B), Saudi Arabia ($32.7B), Russia ($25.5B), United Arab Emirates ($14.8B), and United States ($10.8B).

The fastest growing import markets in Crude Petroleum for India between 2021 and 2022 were Russia ($24.6B), Saudi Arabia ($14.8B), and Iraq ($12B).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from India to the United States.

Latest Trends

Jan 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 (2022)$2.3M
IMPORTS (2022)$170B
NET TRADE (2022)-$170B

In 2022, India exported $2.3M in Crude Petroleum. The main destinations of India exports on Crude Petroleum were South Korea ($2.19M), El Salvador ($86.8k), New Zealand ($19.1k), Tanzania ($1.41k), and Spain ($227).

In 2022, India imported $170B in Crude Petroleum, mainly from Iraq ($37.1B), Saudi Arabia ($32.7B), Russia ($25.5B), United Arab Emirates ($14.8B), and United States ($10.8B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR India WERE (2021 - 2022):
South Korea$2.19M (1%)
El Salvador$46.5k (115%)
Tanzania$1.41k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY India WERE (2021 - 2022):
South Africa-$22.6M (-100%)
Australia-$18.5M (-100%)
United Arab Emirates-$58.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Crude Petroleum were:
In 2022, India's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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