Neither the UAE nor Russia, But India is Asia's largest exporter of refined petroleum oil
With a staggering export value of 7.85 lakh crore rupees, India takes second place after the US around the globe and first in Asia in terms of exports of refined petroleum oil.
As reported by the World's Top Exports, India has achieved a noteworthy second-place position in the international standings for the total value of exported refined petroleum oils. This accomplishment is underscored by an impressive export value of 7.85 lakh crore rupees.
This figure commands a significant portion of the global refined oil export market, amounting to a substantial 8.4% share. This data highlights India's substantial contribution to the international trade of refined petroleum oils, reaffirming its stature as a major player in this vital sector of the global economy, as per the statistics available from the World's Top Exports.
In addition, India is home to the world's largest oil refinery, the Jamnagar Refinery, which is owned by Reliance Industries and proudly holds the title of the largest oil processing facility globally, with a remarkable daily capacity of 1.24 million barrels.
India Takes Second Place in 2022 as One of the Fastest-Growing Refined Oil Exporters, Clocking a Remarkable 74.7% Growth Rate, Just Behind the UK's 80% Surge.
In 2022, the United States of America, India, the Netherlands, Russia, and Singapore, the top five largest exporters of refined petroleum oils, jointly contributed nearly 40% (39.8%) of the total global value of exported refined petroleum oils.