Top Export of India in 2023

The tricolored nation India in the southeast of Asia has been exporting a wide range of products from the very ancient times to maintain a bilateral exchange of trade between the top traders worldwide. From a staggering export trade value of 330 billion US dollars in 2019 to a dynamic growth of 400 billion US dollars in 2023 the trade management authorities of India have really come a long way in its export trade growth via diversification of products indution in its export market.



The country has always been on top because of its diversifying range of exports such as spices, textiles, and agricultural products accompanied by other essentials like automobiles, electrical equipment, iron and steel products worth a trade share of 68% in the total economic growth. Import Globals India Import Data highlights the key insights of the agricultural and industrial trades of the nation for simplifying the factors essential for trade growth.

What is the top export of India in 2023?

The country known for its rich cultural heritage and diversified population has been exporting petroleum products in a wide amount in 2023 for its dominating demand range in the global market. The different abundant natural reserves present in its land area and the higher demands for energy resources have recorded an export trade value of 86 billion US dollars in 2023. 

WHAT ARE THE TOP 10 PETROLEUM PRODUCT EXPORTS OF THE NATION IN 2023?

According to the India Export Data, the top 10 petroleum products exports of the nation in 2023 are discussed below,

• Crude Oil – The valuation of Crude Oil exports from India in 2023 – 26 billion US dollars.

• Petroleum Gas – The valuation of Petroleum Gas exports from India in 2023 – 18 billion US dollars.

• Petrol – The valuation of Petrol exports from India in 2023 – 15 billion US dollars.

• Diesel – The valuation of Diesel exports from India in 2023 – 14 billion US dollars.

• Aviation Turbine Fuel – The valuation of Aviation Turbine Fuel exports from India in 2023 – 13 billion US dollars.

• Naphtha – The valuation of Naphtha exports from India in 2023 – 12 billion US dollars.

• Bitumen – The valuation of Bitumen exports from India in 2023 – 10 billion US dollars.

• Fuel Oil– The valuation of Fuel Oil exports from India in 2023 – 8 billion US dollars.

• Lubricants – The valuation of Lubricants exports from India in 2023 – 6 billion US dollars.

• Paraffin wax – The valuation of Paraffin wax exports from India in 2023 – 5 billion US dollars.

NAME THE TOP 10 TRADE PARTNERS OF INDIA FOR PETROLEUM PRODUCTS EXPORT.

According to the India Customs Data, the top 10 trade destinations with which the country exports most of its petroleum products for suitable revenue rates are discussed below,

• United Arab Emirates – The valuation of petroleum products exports from India to the United Arab Emirates in 2023 – 17 billion US dollars.

• Singapore– The valuation of petroleum products exports from India to Singapore in 2023 – 12 billion US dollars.

• USA – The valuation of petroleum products exports from India to USA in 2023 – 10 billion US dollars.

• Netherlands – The valuation of petroleum products exports from India to the Netherlands in 2023 - 8 billion US dollars.

• Columbia– The valuation of petroleum products exports from India to Columbia in 2023 – 7 billion US dollars.

• China – The valuation of petroleum products exports from India to China in 2023 – 5 billion US dollars.

• South Africa– The valuation of petroleum products exports from India to South Africa in 2023 – 4 billion US dollars.

• Brazil – The valuation of petroleum products exports from India to Brazil in 2023 – 3 billion US dollars.

• Nigeria – The valuation of petroleum products exports from India to Nigeria in 2023 – 2.5 billion US dollars.

• Japan– The valuation of petroleum products exports from India to Japan in 2023 – 1 billion US dollars.

EXPORT TRADE STATISTICS OF PETROLEUM PRODUCTS OF INDIA FOR THE LAST 10 YEARS

1. Export trade value of petroleum products in 2013 – 56 billion US dollars.

2. Export trade value of petroleum products in 2014 - 58 billion US dollars.

3. Export trade value of petroleum products in 2015 – 60 billion US dollars.

4. Export trade value of petroleum products in 2016 – 62 billion US dollars.

5. Export trade value of petroleum products in 2017 – 61 billion US dollars.

6. Export trade value of petroleum products in 2018 – 65 billion US dollars.

7. Export trade value of petroleum products in 2019 – 68 billion US dollars.

8. Export trade value of petroleum products in 2020 – 71 billion US dollars.

9. Export trade value of petroleum products in 2021 – 70 billion US dollars.

10. Export trade value of petroleum products in 2022 – 74 billion US dollars.

TOP 10 PRODUCERS OF PETROLEUM FUELS IN 2023

The India Customs Shipment Data enlists the below-mentioned companies as the top 10 producers of petroleum products in the nation in 2023, 

1. Saudi Aramco – Valuation of petroleum fuels export from Saudi Aramco in 2023 – 32 billion US dollars.

2. Gazprom– Valuation of petroleum fuels export from Gazprom in 2023 – 24 billion US dollars.

3. National Iranian Oil Company (NIOC) – Valuation of petroleum fuels export from National Iranian Oil Company (NIOC) in 2023 – 22 billion US dollars.

4. ExxonMobil – Valuation of petroleum fuels export from ExxonMobil in 2023 – 18 billion US dollars.

5. Royal Dutch Shell – Valuation of petroleum fuels export from Royal Dutch Shell in 2023 - 14 billion US dollars.

6. PetroChina – Valuation of petroleum fuels export from PetroChina in 2023 – 12 billion US dollars.

7. Lukoil – Valuation of petroleum fuels export from Lukoil in 2023 – 10 billion US dollars.

8. Petronas Carigali Overseas Sdn Bhd – Valuation of petroleum fuels export from Petronas Carigali Overseas Sdn Bhd in 2023 -  8 billion US dollars.

9. Sinopec– Valuation of petroleum fuels export from Sinopec in 2023 - 7 billion US dollars.

10. Rosneft– Valuation of petroleum fuels export from Rosneft in 2023 - 6 billion US dollars.

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