Import of lubes by India was US$ 1,708 million in 2011-12. It has jumped by 21.08% to US$ 2,068 million during 2012-13 above 2011-12. Annual decline of -11.33% has been observed in import of lubes by India during 2016-17 from US$ 1,439 million during 2015-16. Import of lubes by India was US$ 1,702 million during 2017-18, up by 33.39% against US$ 1,276 million during 2016-17.
We have seen annual growth of 80.56% in export of lubes by India from US$ 36 million during 2011-12 to US$ 65 million during 2012-13. Export of lubes by India was US$ 20 million in 2015-16. It has shrunk by -25% during 2016-17 over 2015-16. Export of lubes by India was US$ 18 million during 2017-18, up by 20% versus US$ 15 million during 2016-17.
The maximum value of US$ 2,122 million has been found in 2013-14 in import of lubes by India during the period under consideration. The maximum value of US$ 65 million has been seen in 2012-13 in export of lubes by India during the period under consideration.
Note: Data figures are in Million US$; P: Provisional; 1. Other imports include Paraffin Wax, Petroleum Jelly, LSWR, Aviation Gas, MTBE & Reformate; 2. Other exports include VGO, Benzene, MTO & Sulphur; Source: Petroleum Planning & Analysis Cell.
Resource Title: Import/Export of Crude Oil and Petroleum Products (in US$ Value Terms) from 2011-12 to 2017-18