India Petroleum Oils HS2710 Import Data 2025 January Overview

India Petroleum Oils (HS 2710) 2025 January Import: Key Takeaways

India’s January 2025 import of Petroleum oils (HS Code 2710) reveals a market split between bulk standard-grade suppliers like the UAE and premium high-value players like Russia, reflecting strategic sourcing for refining needs. The dominance of a few key suppliers heightens supply chain risks, while geopolitical tensions and rising import duties demand agile procurement strategies. This analysis, covering January 2025, is based on cleanly processed Customs data from the yTrade database.

India Petroleum Oils (HS 2710) 2025 January Import Background

What is HS Code 2710?

HS Code 2710 covers petroleum oils and oils obtained from bituminous minerals (other than crude), including preparations containing ≥70% petroleum oils. These products are critical inputs for industries like transportation, energy, and manufacturing, ensuring stable global demand due to their foundational role in fuel and lubricant production. India’s refining capacity and consumption patterns make this code strategically significant for both domestic and international trade.

Current Context and Strategic Position

In 2025, India’s petroleum oils imports under HS Code 2710 face heightened trade tensions, with the U.S. imposing an additional 25% tariff on select Indian goods, effective August 27, 2025, raising total duties to 50% [International Trade Insights]. Domestically, India’s Finance Bill 2025 restructured tariffs for this code, introducing a 20% basic customs duty plus 10% social welfare surcharge [Union Budget]. India’s dual role as a major importer and exporter of refined petroleum products underlines its strategic importance in global energy markets, necessitating close monitoring of policy shifts in January 2025.

India Petroleum Oils (HS 2710) 2025 January Import: Trend Summary

Key Observations

For January 2025, India's import of petroleum oils under HS Code 2710 recorded a value of USD 1.18 billion, with a volume of 0.00 kg, highlighting a significant data discrepancy that may indicate reporting delays or atypical trade activity during this period.

Price and Volume Dynamics

Without prior data for QoQ or YoY comparisons, the zero volume suggests potential inventory drawdowns or logistical disruptions, common in petroleum markets where stock cycles often lead to intermittent import pauses. Industry logic points to January typically being a stable month for petroleum oils imports in India, driven by steady industrial demand, but the absence of volume could reflect temporary supply chain adjustments or data collection issues.

External Context and Outlook

The external environment includes impending policy changes, such as the U.S. imposing a 25% additional tariff on Indian imports including petroleum products, effective from August 2025 [International Trade Insights], which may introduce future volatility. For January 2025, these measures had not yet taken effect, allowing trade to proceed under existing conditions, but outlook remains cautious due to geopolitical tensions and potential duty hikes (Nat Law Review).

India Petroleum Oils (HS 2710) 2025 January Import: HS Code Breakdown

Product Specialization and Concentration

India's January 2025 petroleum oils import under HS Code 2710 is highly concentrated in a single high-value product. According to yTrade data, the dominant sub-code 27101971, described as petroleum oils not light oils and preparations, accounts for 43% of the total import value but only 38% of the quantity. This unit price of approximately 9.43 USD per kilogram is significantly higher than other categories, indicating a specialized, premium-grade product.

Value-Chain Structure and Grade Analysis

The remaining imports split into two clear groups. Light oils (sub-codes 27101229 and 27101221) represent higher-value refined products with unit prices around 601 USD/kg and 650 USD/kg respectively. The other seven sub-codes are various non-light oil preparations with much lower unit prices (1-3 USD/kg), showing India imports both finished light products and heavier industrial-grade oils. This structure confirms petroleum oils trade as bulk commodities where price follows grade specifications rather than brand differentiation.

Strategic Implication and Pricing Power

For India's January 2025 petroleum oils import strategy, buyers face limited pricing power due to the commodity nature of these products. The market requires focus on securing consistent quality grades rather than negotiating brand premiums. [The National Law Review] reports new 25% U.S. tariffs on Indian imports, suggesting global trade tensions may further complicate sourcing strategies and cost structures for petroleum products.

Check Detailed HS 2710 Breakdown

India Petroleum Oils (HS 2710) 2025 January Import: Market Concentration

Geographic Concentration and Dominant Role

In January 2025, India's import of Petroleum oils under HS Code 2710 shows strong geographic concentration, with Russia dominating the value share at 25.82% despite a low quantity share of 0.36%, indicating high-unit value products like premium refined oils. The disparity between value and quantity ratios points to Russia supplying higher-grade petroleum, while the United Arab Emirates leads in quantity at 42.48% with a lower value per unit, suggesting bulk standard refined imports.

Partner Countries Clusters and Underlying Causes

The partner countries form two main clusters: first, bulk suppliers like the United Arab Emirates and Singapore, with high quantity shares but lower value per unit, likely due to their roles as major petroleum trading hubs enabling efficient large-volume shipments. Second, premium suppliers such as Russia, Saudi Arabia, and Iraq, with very high value shares but minimal quantity, probably reflecting exports of specialized or high-quality refined products driven by advanced refining capabilities or bilateral trade agreements.

Forward Strategy and Supply Chain Implications

Higher import duties on HS Code 2710 in India, with basic customs duty raised to 20% plus 10% social welfare surcharge [eximguru.com], will increase costs, pushing importers to negotiate better terms or diversify sourcing to cost-effective regions like the Middle East. Supply chain risks from geopolitical tensions, such as potential trade disruptions, underscore the need for maintaining flexible supplier networks to ensure stable petroleum imports for India's refining and energy sectors.

Table: India Petroleum Oils (HS 2710) Top Partner Countries (Source: yTrade)

Get Complete Partner Countries Profile

India Petroleum Oils (HS 2710) 2025 January Import: Action Plan for Petroleum Oils Market Expansion

Strategic Supply Chain Overview

India Petroleum oils Import 2025 January under HS Code 2710 is a commodity market driven by product grade and geopolitical risk. Price depends heavily on quality, with premium refined oils from Russia commanding high unit values and bulk standard oils from the UAE dominating volume. Global trade tensions, like the 25% U.S. tariff, add cost pressure and supply chain risk. The supply chain implication is clear: India acts as a processing hub, requiring secure access to both high-grade and bulk inputs to meet refining and energy needs. Buyer concentration in high-value, high-frequency segments underscores reliance on consistent, large-volume flows.

Action Plan: Data-Driven Steps for Petroleum oils Market Execution

• Use HS Code 2710 sub-category data to track premium vs. standard oil premiums. This helps negotiate better prices based on actual grade value, not just volume.
• Monitor buyer frequency patterns to align inventory with stock cycles. This prevents overstock and reduces holding costs for bulk commodity imports.
• Diversify sourcing using geographic trade data to include more cost-effective hubs like the Middle East. This mitigates risk from tariffs or supply disruptions.
• Analyze real-time shipment data from key partners like Russia and the UAE. This ensures timely reactions to price or availability changes in a volatile market.

Take Action Now —— Explore India Petroleum oils Import Data

Frequently Asked Questions

Q1. What is driving the recent changes in India Petroleum oils Import 2025 January?

India's January 2025 petroleum oils import shows a data discrepancy with zero reported volume despite a $1.18 billion value, likely due to reporting delays or inventory adjustments. The market remains cautious due to impending U.S. tariffs and geopolitical risks.

Q2. Who are the main partner countries in this India Petroleum oils Import 2025 January?

Russia dominates by value (25.82%) with high-grade refined oils, while the UAE leads in quantity (42.48%) for bulk shipments. Saudi Arabia and Iraq also supply premium products.

Q3. Why does the unit price differ across India Petroleum oils Import 2025 January partner countries?

Price differences reflect product grades: Russia’s high-value sub-code 27101971 (9.43 USD/kg) contrasts with bulk light oils (601–650 USD/kg) and cheaper industrial-grade oils (1–3 USD/kg).

Q4. What should importers in India focus on when buying Petroleum oils?

Importers should prioritize high-value, high-frequency buyers (84.22% of trade) for stability and diversify sourcing to mitigate risks from tariffs and supply chain disruptions.

Q5. What does this India Petroleum oils import pattern mean for overseas suppliers?

Suppliers like Russia and the UAE have stable demand but must adapt to India’s 20% customs duty hikes. Bulk traders (UAE/Singapore) and premium refiners (Russia/Saudi Arabia) face distinct cost pressures.

Q6. How is Petroleum oils typically used in this trade flow?

India imports both refined light oils for consumer use and heavier industrial-grade oils, reflecting demand across energy, transportation, and manufacturing sectors.