The Indian energy sector encompasses conventional sources such as coal, natural gas, oil as well as unconventional sources including solar, hydro and bio-waste. The south Asian country ranks third worldwide for primary energy consumption after China and the United States. The gigantic energy consumption could very likely have been the cause of increased demand that was reflected in the volume of crude oil imports across the country, which was approximated to be around 233.12 million metric tons during financial year 2024. The sectorThe oil and gas sector in the country is one of the eight core industries present and is a major influence on the other sectors that contribute to the economy as well. Increased demand needs to be met with sufficient supply. The refinery capacity of crude oil has been increasing over the years. The tug of war with the crude oil prices in the country also seems to be edging in favor of higher prices. The annual growth rate in the average price of crude oil was 25 percent lower in financial year 2021 compared with the previous year. Low on fuelThe depleting fossil fuel reserves have not helped the population in terms of prices of oil products. The production volume of onshore crude oil has declined gradually over the years. However, the climate agreements of Copenhagen and Paris might result in increased investments and clean energy installations, providing a possible solution for India’s deficiency in fuel sources.

Key information about India Crude Oil: Imports

• India Crude Oil: Imports was reported at 4,674.455 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 4,581.071 Barrel/Day th for Dec 2022
• India Crude Oil: Imports data is updated yearly, averaging 1,627.768 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 4,674.455 Barrel/Day th in 2023 and a record low of 278.073 Barrel/Day th in 1984
• India Crude Oil: Imports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Imports

India's imports of petroleum, crude oil, and its products were estimated to be over 14 trillion Indian rupees in the financial year 2024. These imports represented a decrease compared to the previous year. Petroleum imports in India India is one of the largest oil importers and is highly dependent on imported crude oil. In fiscal year 2023, petroleum, oil, and petroleum products constituted around 30 percent of the major imports in India, and the import volume of petroleum products was estimated to be about 44 million metric tons. During the same period, the volume of crude oil imported into the country stood at around 232 million metric tons. Global oil companies India's substantial petroleum imports directly influence the nation's consumption patterns. The import volume reflects the critical role petroleum and its products play in meeting the country's energy demands. The consumption volume of petroleum products in the country amounted to around 223 million metric tons in fiscal year 2023.

India Imports from Russia of Crude Oil was US$52.73 Billion during 2024, according to the United Nations COMTRADE database on international trade. India Imports from Russia of Crude Oil - data, historical chart and statistics - was last updated on June of 2025.

Imports of Crude Oil in India decreased to 18.02 TONNE Million in February from 21.66 TONNE Million in January of 2024. This dataset includes a chart with historical data for India Imports of Crude Oil.

India Crude Oil Imports: Volume data was reported at 220,434.000 Ton th in 2018. This records an increase from the previous number of 213,932.000 Ton th for 2017. India Crude Oil Imports: Volume data is updated yearly, averaging 132,775.000 Ton th from Mar 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of 220,434.000 Ton th in 2018 and a record low of 57,805.000 Ton th in 2000. India Crude Oil Imports: Volume data remains active status in CEIC and is reported by Ministry of Petroleum and Natural Gas. The data is categorized under Global Database’s India – Table IN.RBK002: Petroleum: by Products: Imports.

The largest portion of India's imports originated from China, representing more than 15 percent of the total imports in the financial year 2024, with Russia following at over nine percent. Conversely, during the same period, India's primary exports were directed towards the United States. India’s import mix India's imports encompass a wide range of goods, with some key commodities dominating the landscape. Among these critical imports are crude oil, gold, and petroleum products. Crude oil, constituting approximately 20 percent of total imports, is critical due to the nation’s reliance on energy sources. In addition, India, as a major textile producer, has witnessed a significant rise in textile imports over the years to meet the diverse consumer and industrial demands. Trade balance In the recent past, the country experienced a notable change in its trade balance-to-GDP ratio. This ratio, which reflects the relationship between the country's trade activities and the size of its economy, saw a significant decrease of 8.5 percent in fiscal year 2023. In other words, the country was importing more goods and services than it was exporting during the period.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

India Imports from Nigeria of Crude Oil was US$4.15 Billion during 2024, according to the United Nations COMTRADE database on international trade. India Imports from Nigeria of Crude Oil - data, historical chart and statistics - was last updated on June of 2025.

5841 Global import shipment records of Essential Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

India Imports from United Arab Emirates of Crude Oil was US$13.45 Billion during 2024, according to the United Nations COMTRADE database on international trade. India Imports from United Arab Emirates of Crude Oil - data, historical chart and statistics - was last updated on June of 2025.

In the oil year 2023-2024, the import volume of palm oil to India was about nine million metric tons. This was a decrease as compared to the previous year, when about 10 million metric tons of palm oil was imported into the country.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

54 Global import shipment records of Mustard Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

India Imports: USD: Year to Date: Oil data was reported at 83.940 USD bn in Oct 2018. This records an increase from the previous number of 69.934 USD bn for Sep 2018. India Imports: USD: Year to Date: Oil data is updated monthly, averaging 24.024 USD bn from Apr 1997 (Median) to Oct 2018, with 259 observations. The data reached an all-time high of 164.770 USD bn in Mar 2014 and a record low of 521.000 USD mn in Apr 1998. India Imports: USD: Year to Date: Oil data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.JAA001: Trade Statistics.

77 Global import shipment records of Crude Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

32637 Global import shipment records of Palm Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

India Imports: USD: Oil data was reported at 14.210 USD bn in Oct 2018. This records an increase from the previous number of 10.913 USD bn for Sep 2018. India Imports: USD: Oil data is updated monthly, averaging 5.558 USD bn from Apr 1997 (Median) to Oct 2018, with 259 observations. The data reached an all-time high of 15.972 USD bn in Mar 2012 and a record low of 420.100 USD mn in Dec 1998. India Imports: USD: Oil data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.JAA001: Trade Statistics.