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Where does India get its refined petroleum products? Import sources 2024

In 2024, India imported $8.8 billion of refined petroleum products (14 million tonnes), 1% of the world total. Its main sources were Russia (31%), the United Arab Emirates (15%) and South Korea (12%). India was the world’s 28th-largest importer of refined petroleum products.

Summary

Value
$8.8billion
Tonnes
14million tonnes
Share of world total
1%
World rank
28th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Russia2.7Tonnes: 5,407,408USD per tonne: $50531.2%Sea
United Arab Emirates1.3Tonnes: 2,123,259USD per tonne: $62015.1%Sea
South Korea1Tonnes: 1,158,128USD per tonne: $90111.9%Sea
Iraq0.91Tonnes: 1,958,749USD per tonne: $46710.5%Sea
Singapore re-exports0.53Tonnes: 624,804USD per tonne: $8556.1%Sea
Qatar0.42Tonnes: 525,392USD per tonne: $7964.8%Sea
Saudi Arabia0.32Tonnes: 362,357USD per tonne: $8763.6%Sea
Malaysia0.28Tonnes: 344,877USD per tonne: $8033.2%Sea
United States0.23Tonnes: 444,636USD per tonne: $5172.6%Sea
Kuwait0.2Tonnes: 292,889USD per tonne: $6922.3%Sea
Taiwan0.13Tonnes: 144,181USD per tonne: $8861.5%Sea
Spain0.08Tonnes: 96,353USD per tonne: $8520.94%Sea
Sri Lanka0.07Tonnes: 68,083USD per tonne: $1,0870.85%Sea
Bahrain0.06Tonnes: 50,289USD per tonne: $1,1450.66%Sea
China0.06Tonnes: 59,003USD per tonne: $9720.66%Sea
Greece0.05Tonnes: 46,434USD per tonne: $9830.52%Sea
Oman0.04Tonnes: 46,696USD per tonne: $7650.41%Sea
Egypt0.03Tonnes: 45,711USD per tonne: $6940.36%Sea
Sweden0.03Tonnes: 14,076USD per tonne: $1,8210.29%Sea
Germany0.02Tonnes: 9,146USD per tonne: $2,7090.28%Sea

Trend

Who it buys from

Russia has been its main source since 2022

Value in USD billions. The five largest sources in 2024.

  • Russia 2.7
  • United Arab Emirates 1.3
  • South Korea 1
  • Iraq 0.91
  • Singapore 0.53

Source: CEPII BACI

Show the numbers
Partner19952024
Russia< 0.012.7
United Arab Emirates0.021.3
South Korea< 0.011
Iraq00.91
Singapore0.010.53

Sources and methodology

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Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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