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Strategic Lens

Energy: India and Japan

First country

Second country

In 2025, India sold USD 140 million of mineral fuels and oils to Japan and bought USD 179 million from it.

Benefits

  • BothTrade in mineral fuels and oils runs both ways in similar amounts: India sold USD 140 million and Japan sold USD 179 million in 2025.

Constraints

  • BothTwo-way trade in mineral fuels and oils fell 63 percent, from USD 865 million in 2019 to USD 319 million in 2025.

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026)

Last updated on 26 September 2026

The numbers

India's exports to Japan: mineral fuels and oils

USD billion · 2019 to 2025, calendar years, as reported by India

2019: 0.58Low 0.11 / High 1.042025: 0.14

20190.58
20200.35
20211.04
20220.43
20230.14
20240.11
20250.14

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026)

Data retrieved 26 September 2026

India's imports from Japan: mineral fuels and oils

USD million · 2019 to 2025, calendar years, as reported by India

2019: 285.8Low 175.6 / High 341.72025: 179

2019285.8
2020241.7
2021267.7
2022341.7
2023215.9
2024175.6
2025179

Sources: UN Comtrade (public preview API), annual goods trade, HS classification (retrieved 26 September 2026)

Data retrieved 26 September 2026

More on this relationship

Benefits

  • IndiaA 2016 agreement lets Japan supply reactors, fuel and technology, to help India build six reactors and grow nuclear capacity tenfold by 2032.

Constraints

  • BothThe deal took six years and was delayed in part by the 2011 Fukushima disaster.

Sources: Wikipedia: India–Japan relations (revision of 24 September 2026)

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