How to
Import 2t Lubricant Oil to India

Are you here to know how you can import 2t Lubricant Oil to India? Well, Connect2India gives you the complete understanding about how to import 2t Lubricant Oil to India, from where to import 2t Lubricant Oil, at what price 2t Lubricant Oil should be imported and also the best 2t Lubricant Oil exporters in the world.

2t Lubricant Oil

Summary for the Indian 2t Lubricant Oil import

In FY 2020-2021 (Apr-Nov), Around 345.99 USD million of 2t Lubricant Oil is imported from India to Rep. of Korea. It is around 30.32% of the total import of 2t Lubricant Oil.

  • The value of 2t Lubricant Oil import from India in October 2020 is 186.98 USD million .
  • Major countries where 2t Lubricant Oil was imported in October 2020 are Rep. of Korea(46.97), United Arab Emirates(31.58), USA(27.22), Singapore(18.54), Qatar(10.16).
S.no. Country Qty Value(USD Million) Month year
Rep. of Korea 86953030 46.97 October 2020
United Arab Emirates 57431960 31.58 October 2020
USA 37267900 27.22 October 2020
Singapore 19318170 18.54 October 2020
Qatar 17281870 10.16 October 2020
Belgium 12305610 9.54 October 2020
Japan 2834238 8.94 October 2020
Saudi Arabia 10096000 4.84 October 2020
Germany 1374570 4.54 October 2020
Malaysia 7303560 4.37 October 2020
TAIWAN 6944290 4.26 October 2020
Thailand 5157140 3.74 October 2020
Spain 3866210 2.45 October 2020
Netherlands 759310 1.78 October 2020
Oman 2098680 1.39 October 2020
China, Hong Kong SAR 1785810 1.21 October 2020
Indonesia 1728310 1.06 October 2020
China 318090 0.82 October 2020
Italy 312320 0.82 October 2020
Australia 1053700 0.61 October 2020

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Import 2t Lubricant Oil to India

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There are 86 distinct countries to import 2t Lubricant Oil into India. Collectively India imported 1,141.08 USD Million of 2t Lubricant Oil from those 86 countries in 2020-2021 (Apr-Nov) and USD Million in 2018, which is up by 7.54% than the 2t Lubricant Oil imported into India the previous year. In 2017, countries exported around quantity of 2t Lubricant Oil to India while in 2018, India’s 2t Lubricant Oil import accounts to quantity from countries. This shows the rise of �% 2t Lubricant Oil import in terms of quantity imported.

To import 2t Lubricant Oil to India, the best countries according to Indian shipment records are Rep. of Korea, United Arab Emirates, Singapore, USA, Saudi Arabia . Together they sold 1,141.08 USD Million worth value of 2t Lubricant Oil to India.

Overall the import of 2t Lubricant Oil into India gain of 23.92% since 2014 when 2t Lubricant Oil import shipments into India were valued at 520.079 USD Million. Year over year, the value of 2t Lubricant Oil import from India up by 7.54% from 2017 to 2018.

The import reached an all time high of 644.46 USD Million during the year 2018.

Among the countries from where 2t Lubricant Oil is imported to India, the fastest growing growing nations were Armenia,Montenegro and Cuba.

The countries from where India reduced their 2t Lubricant Oil imports are Eritrea,French Polynesia and CHRISTMAS IS.

As an importer of 2t Lubricant Oil, you should know the HS CODE of products at first.

Some HS Codes corresponding to 2t Lubricant Oil are

S.No Product H.S Code
Lubricant less than 70 percentage petroleum oil, textile or leather use 340311
Textile lubricant preparations and preparations of a kind used for the oil or grease treatment of leather, furskins or other material containing petroleum oil or bituminous mineral oil (excl. preparations containing, as basic constituents, greater than equals to 70 percentage petroleum oil or bituminous mineral oil by weight) 34031100
Lubricant preparations, incl. cutting oil preparations, bolt or nut release preparations, anti rust or anti corrosion preparations and mould release preparations, based on lubricants and containing, as non basic constituents, greater than equals to 70 percentage petroleum oil or bituminous mineral oil by weight (excl. preparations for the treatment of textiles, leather, furskins and other materials) 34031910
Textile lubricant preparations and preparations of a kind used for the oil or grease treatment of leather, furskins or other material not containing petroleum oil or bituminous mineral oil 34039100
Lubricant preparations, incl. cutting oil preparations, bolt or nut release preparations, anti rust or anti corrosion preparations and mould release preparations, based on lubricants but not containing petroleum oil or bituminous mineral oil (excl. preparations for the treatment of textiles, leather, furskins and other materials) 34039900

Use our HS CODE FINDER tool to search for the hs codes of products

Top Global Markets for import 2t Lubricant Oil to India in 2020-2021 (Apr-Nov)

S.NO. Country Quantity of import import value of 2t Lubricant Oil
import 2t Lubricant Oil to India from Rep. of Korea 633736600 345.99
import 2t Lubricant Oil to India from United Arab Emirates 274910950 141.09
import 2t Lubricant Oil to India from Singapore 160274360 128.75
import 2t Lubricant Oil to India from USA 131817690 122.59
import 2t Lubricant Oil to India from Saudi Arabia 109036290 51.24
import 2t Lubricant Oil to India from Bahrain 85317690 46.91
import 2t Lubricant Oil to India from Japan 13509039 44.87
import 2t Lubricant Oil to India from Belgium 30346189 38.95
import 2t Lubricant Oil to India from Qatar 68048320 37.24
import 2t Lubricant Oil to India from Germany 9789630 31.23

Product wise trends to Import 2t Lubricant Oil to India in 2020-2021 (Apr-Nov)

S.NO. Code Name Quantity of import import value of 2t Lubricant Oil
38112100 Prepared additives for oil lubricants containing petroleum oil or bituminous mineral oil 26956729 103.86
34039100 Textile lubricant preparations and preparations of a kind used for the oil or grease treatment of leather, furskins or other material not containing petroleum oil or bituminous mineral oil 15219170 33.65
34031900 Othr prpns cntng ptrlm oils/oils obtained from bituminous minerals 7779410 32.86
34031100 Textile lubricant preparations and preparations of a kind used for the oil or grease treatment of leather, furskins or other material containing petroleum oil or bituminous mineral oil (excl. preparations containing, as basic constituents, >= 70% petroleum oil or bituminous mineral oil by weight) 5688229 14.24
38112900 Prepared additives for oil lubricants not containing petroleum oil or bituminous mineral oil 2736969 11.98

Import Duty for Gel Preparations Designed To Be Used In Human Or Veterinary Medicine As A Lubricant For Parts Of The Body for Surgical Operations Or Physical Examinations Or As A Coupling Agent Between The Body And Medical Instruments under HS CODE 30067000

HS Code 30067000
Description Gel Preparations Designed To Be Used In Human Or Veterinary Medicine As A Lubricant For Parts Of The Body for Surgical Operations Or Physical Examinations Or As A Coupling Agent Between The Body And Medical Instruments
Customs Duty (%) 10%
IGST 5%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 15.5%
Import Policy

People Also Ask

Which country is the major exporter of 2t Lubricant Oil to India?

Rep. of Korea, United Arab Emirates, Singapore, USA, Saudi Arabia are the major exporters of 2t Lubricant Oil to India.

Describe 2t Lubricant Oil import industry in India?

2t Lubricant Oil import industry in India is worth 1,141.08 USD Million in India in 2020-2021 (Apr-Nov). There are total of 86 countries from where India import’s quantity of 2t Lubricant Oil.