Paper, tape, stiker, pp granular, tiles, bitumen, coal, carbon block
Indian, pakistan, vietnam, thai/thailand rice, basmati, non basmati, 1121 rice, 1509 rice, sughanda, sharbati, sella, white rice, steam rice, golden rice, super kernel, iri 6, sona masoori, parboiled, jasmine rice, pk 386 rice, 5% broken rice, oil, dal / daal, pulses raisin, pistachio, dates, cashew nut, almonds, walnut, mustard, peanut, sesame, pumpkin, soya, sunflower, chickpeas, broad bean, fava bean, light spackle bean, lskb red beans, white bean, black eye bean, green peas, pigeon peas, white pea bean, glucose liquid, wheat flour, corn starch, canned items, milk powder, soya bean meal, animal feed, popcorn, corn, maize, tomato paste, coconut powder, garlic, ginger, petrochemical, bitumen, petroleum jelly, urea, ajwain seed, black cumin, black pepper, cassia, cassia tube, cloves, coriander seed, cumin seed, dry ginger chinese, dry ginger nigerian, fennel seed, fenugreek seed, chilly powder, dry chilly, cardamom, turmeric finger, barley
Base oil N150, N500, transformer oil 60n(d3135) and lubricants
Wti crude oil, nigerian crude, LNG and industrial minerals
Industrial Product Like Lubricant, Iron Scrap.
Bitumen, coal, furnace oil, LPG, crude oil
Bitumen, HTS wire, clinker, boulder, film & foil for printing converting
Marine spare parts, spare parts, cleaning, painting, garbage waste oil disposal services, lube oil, navigational equipment, safety items, garbage cleaning, automation equipment, turbo chargers, pump, gear box, air compressors, tanks cleaning, enging stores, electrical stores, bunker, diesel generator, fresh vegetable, river & sea fish, meat and seasonal fruits
Chemical products, sulphur, urea, naphthalene, soda ash, caustic soda , potassium hydroxide, rock phosphate, base oil, sulphur bentonite, dap (diammonium phosphate), paraffin, fuel oil, potassium sorbate, white spirit
agro products:
wheat (animal and human), barley, sorghum, coriander seeds, lentils (red and white), chickpeas, yellow peas, red beans, soybean, ground nuts, sunflower oil and seeds, oats, watermelon seeds, pigeon peas
Scrap, grain, petroleum products, heavy machinery, yellow maize, popcorn, corn oil, rapeseed oil, olive oil, refined sunflower oil, refined soybean oil, used cooking oil, barley, apricots, raisins, potato, spices. almond, pistachio, sesame seed, chia seed, popcorn, sunflower seed, peanuts, used cars, pvc cable with metal contents, scrap metal hms 1 and 2, scrap stainless steel, scrap batteries, scrap compressors, plastic scrap, aluminum scrap, scrap electric motors,
Sugar ic45, ic150, ic500, ic600 1200, soya, corn gmo and non gmo, oils such as sunflower oils, soybean oils, corn oils, palm oils, canola oils, rice, soybean gmo and non gmo, wheat like blando, wheat flour, bitumbean, bean carioca, bean black, iron ore, manganese, chicken whole and cuts, beef cuts, pork cuts, coffee, pellets, charcoal, petro products like urea granular and prilled, jet fuel oil (jp54 /jpa1), light cycle oil (lco), diesel gas oil gost 305 82 (d2), light crude oil (lco), virgin fuel oil (d6), bitumen grade 60/70, diesel automotive gas oil (ago), petcoke, mazzut fuel oil (m100), diesel automotive fuel en590 10ppm, liquefied petroleum gas (lpg), diesel oil sn150, sn500, liquefied natural gas (lng), cst fuel oil 180/280/380, export blend crude oil (ebco), virgin gasoline 88/91/92/95/97, eastern pipeline ocean oil (espo)
Motor parts, energy sector, petrochemical.
Palm oil, soybean , crude oil etc
Tricycle battery, transformer oil
Soybean crude oil, palm crude oil
Clinker, bitumen, wheat
Rubber process oil, lubricants, industrial solvents
Petrochemicals, solvents, organic & inorganic chemicals
A yellowish-black liquid chemical mixture found in geological formations is what can be called petroleum. It consists mainly of hydrocarbons. It is a broad term that covers various unrefined and refined products, such as gasoline, jet fuel, diesel, heating oil, etc. The plants and animals that lived millions of years ago in marine environments died and sank to the seafloor, which led to the organic material getting mixed with other sediments. It remains under high pressure and temperature for decades and then transforms into what we know today as fossil fuels. That is how petroleum is found beneath land or the ocean floor. These petroleum reservoirs are then put into multiple uses, such as using them as a fuel to power vehicles, machines, and heating units. It can also be converted into plastics.
Petroleum products are materials that have been derived from crude oil and are processed in oil refineries. They are complex mixtures that are mainly used as energy carriers. These have various applications, ranging from being used as transportation fuels to acting as a lubricating oil while constructing roads. They also act as feedstocks for making plastics, chemicals, and synthetic materials.
It is believed that petroleum was discovered in 1859 in Titusville, Pennsylvania, by Edwin Drake. It was then recovered by oil drilling and then refined and separated into different forms of fuels. It is also essential that while petroleum was found later, oil was still very much used in various forms in China.
As the majority of the world relies on petroleum for various goods and services, the trading industry of petroleum and petroleum products has a major influence on world politics and the global economy. Some of the largest companies in the world are involved in the petroleum industry, either in the extraction of petroleum or processing it to create petroleum-based products - plastics, fertilizers, airplanes, automobiles, and others. These petroleum companies are divided into three categories - upstream, midstream, and downstream, depending on the company’s position in the supply chain.
That being said, these three types of petroleum companies work together to meet the oil needs of consumers, which can be as high as 53% for the Middle Eastern countries. Historically speaking, petroleum products have been the most-consumed energy source in the US. Some data shows that in 2023, the US consumed approximately 7.4 billion barrels of petroleum products. The exact percentage of various types of petroleum products that the US consumed is as follows:
This means exporters can benefit a lot if they make exporting petroleum and its related products to the US their priority. To meet consumer demands, buyers from many manufacturing units and industrial sectors engage in global trading. This high demand can sometimes increase the petroleum products price. As an exporter, knowing those reasons can help you decide your next move and be prepared for the future, so that price changes do not affect your exporting business.
When you’re exporting petroleum by products, it means you have to be involved in ensuring that your products’ quality matches with what the global buyers usually seek. Meeting those standards will allow you not only to ensure smoother trade but also build trust amongst the petroleum products importers. A few of those quality standards are as follows:
After identifying which petroleum by-products are most demanded in the international markets, you can diversify your export products by including a variety of these products. Expanding your range not only increases market reach but also creates help in various sectors like renewable energy and advanced manufacturing. Below is a selection of petroleum derivatives you might consider exporting:
When you want to work in the global trade industry and succeed, you need to understand that you will be facing a lot of competitions in the market. Having some unique information about the global market demand and targeting the top importing countries of petroleum products can help you a lot. Therefore, below are some of the crucial information which would help you connect with different types of petroleum by product buyers (fuel oil buyers, gasoline buyers, jet fuel buyers, and others):
Global Market Size for Refined Petroleum Products
Source: Market Research Future
Top Importing Countries for Used Tyres (2024):
Source: Volza
Finding trusted petroleum products buyers requires a strategic approach combined with effective ways of doing so. Hence, here are a few ways you can use to connect with the most reliable buyers across countries:
1. Who is the largest importer of petroleum products in the world?
Ukraine, Russia, and Vietnam are the largest importers of petroleum products in the world.
2. What are the most exported products of petroleum?
Diesel (High-Speed Diesel), motor spirit (petrol), and aviation turbine fuel (ATF) are some of the most exported petroleum products.
3. What is a colourless by product of petroleum?
Mineral oil is a colorless petroleum by product.
4. What counts as “petroleum products” in export statistics?
In export statistics, "petroleum products" include various refined products derived from crude oil, such as gasoline, jet fuel, fuel oils, etc.
5. Do I need an export license for petroleum products?
Yes, having an export license is highly important when you are exporting petroleum products.
6. Are there international restrictions on petroleum exports?
Yes, there are a few restrictions on petroleum exports, which might differ in varying countries. Some of those are:
Many countries like the EU have banned Russian oil.
The US has imposed sanctions on Iranian oil exports.
7. How are petroleum products typically shipped internationally?
Petroleum products are usually shipped internationally via marine tankers, and even through railway and trucks (for shorter distances).
8. What are the environmental regulations affecting petroleum exports?
One of the most important environmental regulations affecting petroleum exports is making it mandatory for the exporters to obtain an Environmental Clearance (EC).
9.What’s the difference between clean and dirty tankers?
Clean tankers carry refined petroleum products including gasoline, jet fuel, etc. At the same time, dirty tankers are used in exporting crude oil, heavy fuel oil, and other unrefined petroleum products.
10. What is the cost of petroleum?
The price for petroleum is INR ?94.77 per liter in India. Note that it varies in different countries based on demand and other factors.
11. What is the petroleum HSN code?
2710 is the petroleum HSN code. While the petroleum products HSN code are as follows:
The EU's latest penalty on Russian oil threatens India’s petroleum exports, as it is banning refined products made from Russian crude, no matter if they have been processed in India. (Full story: Deccan Herald)
