Top 5 Oil Importing Countries in 2023

3. India

Crude Oil Imports (barrels/day) as of 2015: 4,057,000

India has the world’s fifth largest economy by nominal GDP at $3.176 trillion and third largest economy by GDP, PPP at $10.19 trillion in 2021. Given its growing economy and its largest economic size, India’s consumption of oil has increased over the past few decades. In 2015, the country imported over 4 million barrels per day according to the CIA. In December 2021, India imported over 4.2 million barrels per day according to CEIC Data.