In 2022, India's Oil Demand Is Expected To Increase By 8%

 As the economy recovers from the pandemic's damage, India's oil demand is expected to rise 8.2 percent to 5.15 million barrels per day in 2022.

In its most recent monthly oil market report, the Organization of Petroleum Exporting Countries (OPEC) predicted that the world's third-largest energy consumer will increase crude oil consumption by 0.39 million barrels per day (BPD) in 2022.

India's oil demand increased by 5.61 percent from 4.51 million barrels per day in 2020 to 4.76 million BPD in 2021. However, this was still lower than pre-pandemic levels.

Oil demand was 4.98 million barrels per day in 2018, rising to 4.99 million barrels per day the next year before the epidemic.

According to the OPEC report and India import-export statistics, oil consumption is likely to revive with expected robust economic growth of 7.2 percent in 2022 and expected swift containment of Omicron in the near future. As India's average driving activity grew, mobility continued to improve.

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Oil consumption has risen this year after govt removed Covid-19 restrictions

According to India customs export statistics, gasoline (petrol) and diesel are predicted to be particularly favored by the expected growth in GDP and the already improving mobility, hence propelling activity.

Similarly, the industrial sector will support diesel, LPG, and naphtha demand, in keeping with a prediction for a strong economy in 2022.

Because of travel issues, particularly business-related travel, demand for jet kerosene is likely to be slower in 2022, according to the report.

Nonetheless, in 2022, India is expected to expand by 0.4 million BPD year on year. OPEC's forecast for gasoline demand increase is in line with government projections.

India's gasoline demand is expected to rise 5.5 percent in the fiscal year beginning April 1, according to the petroleum ministry's Petroleum Planning and Analysis Cell (PPAC).

From 203.2 million tonnes of planned sales in the current fiscal year ending March 2022, fuel consumption is expected to climb to 214.5 million tonnes (4. 3 million BPD) in 2022-23.

The OPEC prediction is for crude oil demand, but the PPAC forecast is for fuel consumption.

Refineries turn crude oil into fuels like gasoline and diesel, although not all of the petroleum products produced are used in the country.

Because a large number of petroleum products are exported, there is a discrepancy between crude oil and fuel demand estimates.

India's crude imports averaged 4.5 million barrels per day in January, down almost 3% from the previous month's high level.

Based on India's import trade statistics, February data is projected to show greater crude imports as the economy gets traction, demand increases, and refiners raise runs.

85 percent of India's oil demands are met by imports. Iraq continues to lead oil imports by source, with a share of 27 percent, according to the most recent figures for December.

Saudi Arabia came in second with over 17%, followed by the UAE with roughly 13%, with the latter witnessing a significant increase in volumes. According to the global trade statistics and market analysis reports, the US also had significant growth, reaching the fourth position with 9%.

You may also be interested in the import-export trade data of some other top global countries:

India import data                                                                                     India export data

Vietnam import data                                                                           Vietnam export data

Indonesia import data                                                                     Indonesia export data

Turkey import data                                                                             Turkey export data

Bangladesh import data                                                             Bangladesh export data

 

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Actionable Insight On Global Import-Export Trade Data

 Get instant access to our huge database on global import-export with EXiM trade data and grow your business on a global level.

The market strategy that we use to enhance the overall trade of your business in the global import-export market is powered by AI technology and highly advanced tools developed by our team of experts and professionals.

With EXiM trade data you can target, attract & find new and active buyers and suppliers for your import-export trade business across the globe.

Exim trade data provide access to Genius Import-Export data of more than 200+ countries in one click. You can explore all the crucial information in detail such as Mirror Data, Statistical Data, Bill of Lading Data, Custom Data of your preferred country across the globe from one of the most comprehensive import-export trade intelligence data platforms and gain crucial insights into the global trade market.

The customs trade data that EXiM provides help you evaluate ongoing market trends, help you analyze global import-export trade relationships, determine market price, etc.

What are India’s Top Imports & Exports?

The custom import-export data help you evaluate the potential risk in the global trade market and help you prepare a more engaging and effective trade strategy for your import-export trade business.

According to India Export-Import Data Year-Wise, the total import-export value of India is given below:

Exports

● The total export value of India in 2017 was estimated at $498.26 Billion.

● The total export value of India in 2018 was estimated at $538.64 Billion.

● The total export value of India in 2019 was estimated at $529.02 Billion.

● The total export value of India in 2020 was estimated at $474.15 Billion.

Imports

● The total import value of India in 2017 was estimated at $582.02 Billion.

● The total import value of India in 2018 was estimated at $639.01 Billion.

● The total import value of India in 2019 was estimated at $601.58 Billion.

● The total import value of India in 2020 was estimated at $482.45 Billion.

What Are The Major Imports & Exports Of India?

The custom import-export data we provide on India contains all the information related to India trade data that covers all the major fields of Indian trade including all the statistics and strategies being used by various merchants across the world. 

The custom data we provide help you provide inside insights into global trade activities of potential markets and also help you to monitor all the activities of your potential competitors in the global trade market.

Some of the major imports and exports of India as per the India trade data and trade statistics are: Fertilizers, Iron & Steel, Mineral Fuels & Oils, Organic Chemicals, Electrical Machinery & Equipment, Precious Gems & Pearls, Plastics & Articles, Animal-Vegetable Oils & Fats, Articles of Apparel & Clothing Accessories ( Crochet & Knitted), Clothing Accessories & Articles of Apparel ( Not-Knitted or Crocheted), Industrial Machinery & Parts, and Vehicles were some of the major imports and exports of India in past few years.

Exim trade data is one of the most reliable and trusted global import-export trade data services & solutions provider companies across the world.

For more queries and info on global import-export trade data, you can connect to us directly or visit our site. https://www.eximtradedata.com

South Korea Exports Rises As The Omicron Emerge

 Driven by volumes and rising prices, South Korea recorded the largest monthly figure in November. Thanks to the post-pandemic recoveries, in November, South Korean exports grew at the fastest pace in the past three months.

It was big trading partners of South Korea that drove the demand for petrochemicals and chips to post Covid-19 and help boost the economy.

But after the breakout of Omicron, a variant of Covid-19, the export-reliant economy of South Korea might be at risk.

The data showed by the Trade Ministry disclose that the total exports of this country in November stood at $60.44 billion.

The damage caused by the post-Covid-19 restriction is estimated that the new festive season is expected to meet overseas demand.

For now, the most important variable to exports is the supply chain issues and the development of the Omicron variant. As of now, the recovery of economic loss will continue with the same momentum in December throughout 2022.

Total Import And Export Value Of South Korea

➔ South Korea imported goods worth $587.64 billion in 2017

➔ South Korea imported goods worth $642.95 billion in 2018

➔ South Korea imported goods worth $610.10 billion in 2019

➔ South Korea imported goods worth $541.02 billion in 2020

Exports

➔ South Korea exported goods worth $664.73 billion in 2017

➔ South Korea exported goods worth $719.49 billion in 2018

➔ South Korea exported goods worth $657.83 billion  in 2019

➔ South Korea exported goods worth $601.62 billion in 2020

Current Trade Statistics of South Korea

➢ Trade Balance: $3090 million in Nov 2021

➢ Total Imports: $57357 million Nov 2021

➢ Total Exports: $60444 million Nov 2021

➢ Current Account: $6950 million

What are the products South Korea exports the most?

Electrical Machinery & Equipment $159.7 billion (31.1%), Plastics & Articles of Plastics $31.6 billion (6.2%), Machinery & Computers $67.9 billion (13.2%), Vehicles $54.2 billion (10.6%), Mineral Oils & Fuels $25.4 billion (5%), Articles of Steel & Iron $7.9 billion (1.5%), Organic Chemicals $15.4 billion (3%), Steel & Iron $19.7 billion (3.9%), Boats & Ships $18.7 billion (3.7%), Technical, Optical & Medical Apparatus were the top exported products of South Korea during 2020 according to South Korea import-export data.

What are the major trading partners of South Korea?

Based on South Korea’s import-export trade data and trade statistics, China $132.6 billion (25.8%), United States $74.4 billion (14.5%), Japan $ 25.1 billion (4.9%), Vietnam $48.5 billion (9.5%), Taiwan $16.5 billion (3.2%), Hong Kong $30.7 billion (6%), India $12 billion (2.3%), Indonesia $6.32 billion (1.2%), Thailand $6.85 billion (1.3%), Singapore $9.8 billion (1.9%), Mexico $8.2 billion (1.6%), Malaysia $9.1 billion (1.8%), Philippines $7.1 billion (1.4%), Malaysia $9.1 billion (1.8%) were the top trading partners of this country during 2020.

The data we offer to our clients is based on factual information including HSN Code, Product Description, Date, Mode of Transportation, Port Name & Details, Importer & Exporter Names, Address of Importer & Exporter, Shipment & Consignment Details, Rates, Unit, Value, Quantity, Weight, etc.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.

For more  info visit site:https://www.eximtradedata.com

Omicron Effect On Smartphone Industry And Exports In India

 The breakout of Omicron, a new variant of the post-Covid-19 virus, will not have much of an effect on the electronics and smartphone industry and its sales, says the analysis reports of experts of fields.

The first case of this variant was reported from African countries due to which the exports of India might see a negative impact in its overall exports to these countries due to the Omicron virus breakout.

Barring public movement, the mobile industry of India won’t see much of a change in its overall sales value. Having said that, we as people of the nation need to stay watchful to counter any indefensible situations that may occur in the future.

The founder of Techarc and the chief of Techarc says that the supply chain of the smartphone industry will not face much of an effect of the Omicron virus. But it will certainly hit the sales on the consumer end if the supply chain gets affected by the Omicron virus which looks uncertain at the moment.

People across the globe prefer the Christmas and new year period for shopping and buying electronics, gadgets, and new phones. This is because during festive seasons sellers give attractive offers, eye-catching discounts, and thousands of options to choose from.

There are chances that the exports of India might get affected as India exports mobile accessories more than 12% to the African countries.

The smartphone industry of India greatly relies on exports as African countries offer a huge market to India.

Total Import And Export Value Of India 

❖ India imported goods worth $582.02 billion in 2017

❖ India imported goods worth $639.01 billion in 2018

❖ India imported goods worth $601.58 billion in 2019

❖ India imported goods worth $482.45 billion in 2020

Exports

❖ India exported goods worth $498.26 billion in 2017

❖ India exported goods worth $538.64 billion in 2018

❖ India exported goods worth $529.02 billion in 2019

❖ India exported goods worth $474.15 billion in 2020

Current Trade Statistics of India

➢ Trade Balance: $-23.27 million in Nov 2021

➢ Total Imports: $52.94 billion Nov 2021

➢ Total Exports: $30.04 billion Nov 2021

➢ Current Account: $6500 million

What are the products India exports the most?

Mineral Oils & Fuels $27.6 billion (10%), Precious Metals & Gems $24.5 billion (8.9%), Organic Chemicals $17.4 billion (6.3%), Pharmaceuticals $18.4 billion (6.7%), Electronics & Computers $18 billion (6.5%), Plastics & Articles of Plastics $6.6 billion (2.4%), Cereals $8.7 billion (3.1%), Electrical Machinery & Equipment $13.5 billion (4.9%), Steel & Iron $10.6 billion (3.9%), and Vehicles $13 billion (4.7%) were some of the top exported products of India according to India export data 2020.

What are the major trading partners of India?

The United States $49.3 billion (17.9%), United Arab Emirates $18 billion (6.5%), United Kingdom $7.77 billion (2.8%), China $19 billion (6.9%), Hong Kong $9.5 billion (3.5%), Bangladesh $7.91 billion (2.9%), Singapore $8.3 billion (3%), Vietnam $4.5 billion (1.6%), South Korea $4.52 billion (1.6%), Germany $7.7 billion (2.8%), Malaysia $6.2 billion (2.2%), Netherlands $6.3 billion (2.3%), Belgium $4.57 billion (1.7%), Saudi Arabia $6.2 billion (2.2%), Nepal $5.9 billion (2.1%) were the top trading partners of India during 2020 according to India exports and imports data 2020.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.

For more info visit site:https://www.eximtradedata.com

China Customs Import-Export Data And Shipment Records

 China Import-export data is an essential source of information developed by the field of experts and professionals that consists of crucial information related to the trade activities of this country across the globe.

For the authenticity of data and to make sure the data we provide is 100% genuine, authentic, and reliable, we conduct various operations on the global trade market and create analysis reports and source data from various authorized sources of links such as Authorized Customs Departments, Logistics & Shipping Companies, Trade Associations, Port Authorities, Government Bodies, and some other authoritative links.

The custom import-export data Exim Trade Data provides helps trading partners evaluate potential buyers and suppliers based on their trading history and shipping records.

Trade Statistics of China 2020

➢ In 2017, total imports of China totaled $2,208.50 billion, an increase of13.58% from 2016.

➢ In 2018, total imports of China totaled $2,548.88 billion, an increase of 15.41 from 2017.

➢ In 2019, total imports of China totaled $2,476.29 billion, a decline of 2.85% from 2018.

➢ In 2020, total imports of China totaled $2,357.11 billion, a decline of 4.81% from 2019.

Exports Trade Value of China 2020

➢ In 2017, total exports of China totaled $2,424.20 billion, an increase of 10.19% from 2016.

➢ In 2018, total exports of China totaled $2,655.59 billion, an increase of 9.55% from 2017.

➢ In 2019, total exports of China totaled $2,641.27 billion, a decline of 0.54% from 2018.

➢ In 2020, total exports of China totaled $2,723.25 billion, an increase of 3.1% from 2019.

 

Exim Trade Data is one of the best and leading customs import-export data services, solutions, and marketing strategy provider companies across the globe. For more insights into the China Import-Export Data, you can connect to us directly and book a free demo, and get a quick overview of your import-export trade business from our professionals.

The marketing intelligence that Exim provides allows you to monitor the overall trading activities of various global countries in the global trade markets.

Traders and merchants use China import-export data for their business planning, expand their business in the overseas markets, and use it as a database for conducting market analysis.

What are the Main Imports of China?

Based on market research analysis reports, Electrical Machinery & Equipment $548.7 billion, Mineral Fuels & Oils $267.6, Slag, Ores & Ash $180 billion, Electronic & Computers $192 billion, Plastics & Articles of Plastics $71 billion, Technical, Optical & Medical Apparatus $99.1 billion, Oilseeds $45 billion, Organic Chemicals $45.6 billion, Copper $48.5 billion, and Vehicles were the most imported products of China according to China Import-Export Data 2020.

What are the Major Trading Partners of China?

Data collected by the team of Exim Trade Data suggest  United States $452.6 billion, Hong Kong $272.7 billion, Vietnam $113.8 billion, Japan $142.6 billion, Germany $86.8 billion, South Korea $112.5 billion, Netherlands $79 billion, India $66.7 billion, United Kingdom $72.6 billion, Taiwan $60.1 billion, Australia $53.5 billion, Singapore $57.5 billion, Thailand $50.5 billion, Malaysia $56.4 billion, and Russia were the major trading partners of China according to China imports and export data 2020.

China import-export custom trade data is consists of several essential and vital details related to China trade data including all the statistics and strategies such as HS Code, Date, Products Description, Origin of the Country, Destination Country, Mode of Transportation, Port Name & Details, Shipment & Consignment Details, importer & Exporter Name, Address of Exporter & Importer, Rates, Weight, Quantity, Volume, Unit, Total Value USD, etc.

For more info on any global country, you can visit our official website and ask for free sample data or even book a free demo to get the overall overview of your trade business.

What Are The Trade Strategies Being Used By Mexico Export Data Provider?

Based on Mexico export data of 2021, the total export value of the month September and August was worth $41680.02 million and 40313.43 million respectively.

According to the market analysis and research reports, by the end of this quarter, the total export value of Mexico is expected to be $38000.00 million.

According to the market analysis and report data, in 2022 and 2023 exports of Mexico are estimated to trend around $38000.00 million and $41000.00 million respectively.

EXiM trade data is one of the fastest-growing and leading Mexico Export Data Provider companies in the world.

We help you evaluate all the uncertainty of the global import-export market and its risk to help you minimize the risks related to your import-export business and maximize your profit.

Current Trade Stats Of Mexico

❖ Trade Balance: $-2398.00 million as of Sep 2021.

❖ Total Exports: $41680.02 million as of  Sep 2021.

❖ Total Imports: $44078.46 million as of Sep 2021.

❖ Current Account: $6286 million.

❖  GDP Growth Rate: -0.2%.

What Are The Major Exports & Export Partner Countries Of Mexico?

According to the market analysis of EXiM trade data, Furniture (2.18%), Machinery (17.09%), Vehicles (25.68%), Photographic, Optical & Medical Equipment (4.21%), Electronics (17.14%), Plastics (2.28%), Mineral Oils & Fuels (5.63%), Vinegar, Spirits & Beverages (1.59%), Edible Fruits & Nuts (1.58%), and Edible Vegetables (1.65%) are some of the major exports of this country.

South Korea, United Kingdom, Brazil, China, Canada, Taipei-Chinese, Colombia, Canada, United States, and Germany are some of the major export partner countries of this nation as per the trade statistics of Mexico.

Looking Into Trade Strategies of Tanzania

The custom data that we provide on Tanzania help you evaluate the overall supply chain of the global import-export market. The data we provide contains useful details such as the  Name of the Importer, Buyer Name, HS Code, Consignment Details, Port Name, Mode of Transportation, Product Description, Unite, Quantity & Value, and Foreign County, etc.

According to Tanzania export data of 2020, Cereals, Tobacco, Metal & Pearls, Copper & Articles, Spices, Mate & Coffee, Edible Fruits & Nuts, Mineral Fuels & Oils, Crustaceans & Fish, Edible Vegetables & Certain Roots were the top export categories of Mexico.

The United Arab Emirates, China, Switzerland, South Africa, Kenya, Uganda, DR Congo, Belgium, India were the major export partner countries of this nation according to the market research reports of Tanzania export data of 2020.

Customs Export Data Of The USA

According to the Us Export Data, in 2019, the total export value of the nation was worth somewhat around $1.645 billion. And based on the data some of its major export categories covered 67.8% of the overall shipment value of exports in 2019.

The major exported products of the nation in 2019 as per the trade statistics of USA were Pharma Products, Spacecrafts, Aircraft & their parts, Photographic, Optical Medical Equipment, Mineral Fuels & Oils, Electrical Machinery, Machinery, Precious Stones & Pearls, and Vehicles.

The custom export data of the USA also disclose the list of its major export partner countries. Brazil, Netherlands,m South Korea, China, Japan, Germany, United Kingdom, Canada, Mexico, and Taipei Chinese were the major export partners of this nation during 2020.

For more info on global import-export, you can visit our site as we provide world’s best import-export trade data services and solutions. 

Tanzania Import Trade Statistics & Its Major Imports

 IN 2019, Tanzania was the world’s 112th largest importer country and the total import value of the country was worth $11 billion in 2019. In the second quarter of the year 2021, the total import value of the nation is recorded at $2394 Million.

According to the market analysis and reports, by the end of this quarter, the total imports of Tanzania are expected to be $2000.00 million.

The market analysis suggests that in the year 2022, total imports of Tanzania are projected to reach around $2150.00 million.

Present Stats Of Tanzania

❖ Trade Balance: $-702.40 as of Mar 2021.

❖ Current Account: $-337.90 Mar 2021.

❖ Imports: $2394.00 as of Jun 2021.

❖ Exports: $1295.80 as of Mar 2021.

Name Of The Major Imports Of Tanzania & Tanzania Major Import Partners

The custom import data we have on Tanzania imports disclose the list of its major imported products and major import partner countries.

According to the market analysis and Tanzania import data, Vegetable-Animal Oils & Fats, Vehicles, Plastics & Articles, Machinery, Electricity Machinery & Equipment, Iron & Steel, Pharma Products, Cereals, Mineral Oils & Fats, were some of the major imported products of this country in 2019. On the other hand, Turkey, Germany, India, Saudi Arabia, Japan, United States, United Arab Emirates, South Africa, Kenya, China were some of the major import partners of this country according to the Tanzania Import Data and Tanzania trade statistics.

What Are Sri Lanka Import Trade Data & Its Trade Statistics?

The custom data the Exim Trade Trade data provide helps you find new and active suppliers & buyers for your import-export trade business across the globe.

Based on the market analysis reports and Sri Lanka Import Data, Sri Lanka was the 83rd largest importer country in the world and the total import value of the country in the years 2018 and 2019 was worth $20.2 billion and 18.0 billion respectively.

What Are The Current Trade Stats Of Sri Lanka? 

❖ Trade Balance: $-495.00 million as of Sep 2021.

❖ Current Account: $-990.17 million as of Jun 2021.

❖ Imports: $1526.00 million as of Sep 2021.

❖ Exports: $1031.00 million as of Sep 2021.

The custom data that we have on Sri Lanka shows that Textile Fabrics, Articles of Iron & Steel, Cotton, Vehicles, Machinery, Mineral Fuels & Oils, Steel & Iron, Pearls & Metals were some of the major imports of this country and India, Japan, Hong Kong, United States, China, United Arab Emirates, Thailand, Singapore, United States, and Malaysia are some of the major import partner countries of this nation as per the Srilanka trade statistics 

The customized data that we have helps you provide useful insight into the global trade market which allows you to monitor all the trade activities of various countries across the globe.

Indonesia Shipment Data & Trade Statistics

The custom import data we have on Indonesia is analytically designed with the help of new tools and technology developed by the field of experts.

The custom data we provide is based on factual information such as the Port Bills, Shipping Bills, Invoices, and some other crucial import-export documents required for trade across the international borders.

The data thaa Exim Trade Data provides include various crucial and important details such as the Shipment Date, Consignment Details, Name & Address of Importer & Exporter, Product Description, HS Code, Port Name, Mode of Transportation, Rate-Unite-Value-Quantity, and so on.

According to Indonesia import data, in 2019 Indonesia was the 30th largest importer country in the world and the total import value of this nation in 2018 and 2019 was worth $189 billion and $171 billion respectively.

Current Trade Stats Of Indonesia 

❖ Trade Balance: $5733.10 million as of  Oct 2021.

❖ Total Import Value: $16293.10 million as of Oct 2021.

❖ Total Export Value: $22026.20 million as of Oct 2021.

❖ Current Account: $4474 million 

Market analysis reports and Indonesia trade statistics show that  Articles of Steel & Iron, Organic Chemicals, Mineral Oils & Fuels, Articles & Plastics, Industrial Machinery, Electrical Machinery & Equipment, Vehicles & Parts, Cereals were some of the major imported products of this country. On the other hand, India, United States of America, China, Japan, Thailand, Malaysia, Australia, South Korea, Vietnam, and Singapore were the major import partners of Indonesia in 2019 as per Indonesia import data and Indonesia import trade statistics.

For more info on global import-export trade data, you can connect to us at info@eximtradedata.com or you can visit our official website.https://www.eximtradedata.com