Iraq-India oil trade: $29.6B in 2024 powers India’s supply
2025-05-06 09:52
Shafaq News/ Iraq’s oil exports to India exceeded $29 billion in 2024, cementing Baghdad’s position as one of New Delhi’s top energy suppliers, according to trade data.
Iraq exported 52.28M tons of oil to India last year, valued at $29.58B, reflecting a 15% annual growth over the past four years. The shipments accounted for roughly 20% of India’s total oil imports from global markets.
Crude oil formed the bulk of the trade, with $28.6B in export value. Refined petroleum products and derivatives added another $1.77B, while petroleum coke, bitumen, and liquefied petroleum gases made up $223.5M.
