HS chapter 27 Mineral fuels and oils
Mineral fuels, mineral oils and products of their distillation, bituminous substances, mineral waxes
World trade trend
Reported world exports and imports of HS 27 per year, 2019 to 2024.
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| Year | Exports | Imports |
|---|---|---|
| 2019 | $2.1T | $2.02T |
| 2020 | $1.43T | $1.38T |
| 2021 | $2.27T | $2.23T |
| 2022 | $3.26T | $3.52T |
| 2023 | $2.63T | $2.79T |
| 2024 | $2.31T | $2.55T |
2025 is left out because not every country has published detailed data for that year yet.
Monthly trend
Monthly trade in HS 27 between the 28 major reporting economies and the rest of the world, Jan 2022 to Dec 2024. Good for direction and seasonality, not a full world total.
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| Month | Exports | Imports |
|---|---|---|
| Jan 2022 | $26.6B | $71.5B |
| Feb 2022 | $27.1B | $69.7B |
| Mar 2022 | $37.2B | $86.3B |
| Apr 2022 | $33.9B | $86.5B |
| May 2022 | $37.1B | $88B |
| Jun 2022 | $39.6B | $87.7B |
| Jul 2022 | $39.5B | $94.4B |
| Aug 2022 | $35.7B | $99.2B |
| Sep 2022 | $34.5B | $93.3B |
| Oct 2022 | $32.7B | $83.3B |
| Nov 2022 | $32.8B | $83.4B |
| Dec 2022 | $32.3B | $92.6B |
| Jan 2023 | $28.5B | $80.2B |
| Feb 2023 | $24.1B | $71.5B |
| Mar 2023 | $28.8B | $76.1B |
| Apr 2023 | $24.7B | $68.9B |
| May 2023 | $25.8B | $69.2B |
| Jun 2023 | $22.6B | $62.3B |
| Jul 2023 | $22.3B | $64.7B |
| Aug 2023 | $25.4B | $71B |
| Sep 2023 | $26B | $70.3B |
| Oct 2023 | $26.2B | $75.1B |
| Nov 2023 | $24.8B | $70.4B |
| Dec 2023 | $26.1B | $72.6B |
| Jan 2024 | $25.5B | $67.3B |
| Feb 2024 | $24.2B | $63.9B |
| Mar 2024 | $25.1B | $68.7B |
| Apr 2024 | $25.1B | $69.5B |
| May 2024 | $25.2B | $69.9B |
| Jun 2024 | $23.2B | $67B |
| Jul 2024 | $24.2B | $67.6B |
| Aug 2024 | $23.1B | $71.4B |
| Sep 2024 | $20.5B | $62.2B |
| Oct 2024 | $21.8B | $63.4B |
| Nov 2024 | $22.5B | $63.3B |
| Dec 2024 | $21.7B | $65.1B |
Top exporting and importing countries
Who sold and bought the most HS 27 in 2024, by reported value and share of the world total.
Top 10 exporters
- 1$320B13.8% of world
- 2$215B9.3% of world
- 3$141B6.1% of world
- 4United Arab Emiratespartner reported$130B5.6% of world
- 5$113B4.9% of world
- 6$88.7B3.8% of world
- 7Iraqpartner reported$69.1B3.0% of world
- 8Norwaypartner reported$63.1B2.7% of world
- 9Qatarpartner reported$57.7B2.5% of world
- 10$57.2B2.5% of world
Top 10 importers
- 1$504B19.8% of world
- 2$251B9.8% of world
- 3$168B6.6% of world
- 4$162B6.4% of world
- 5$110B4.3% of world
- 6$102B4.0% of world
- 7$87.3B3.4% of world
- 8$81.1B3.2% of world
- 9$75.7B3.0% of world
- 10$60.2B2.4% of world
India focus
What India traded in HS 27 in 2024, as reported by its trading partners.
India does not publish detailed six digit trade figures. These are mirror figures, built from what the 28 major economies reported about their trade with India, so treat them as a lower bound.
India's largest exports in this chapter
- 12710.19Preparations not elsewhere classified, containing by weight 70% or more of petroleum oils or oils from…$14.4B
- 22710.12Light oils and preparations$11.7B
- 32707.99Oils and other products of the distillation of high temperature coal tar not elsewhere classified in heading…$158M
- 42707.50Aromatic hydrocarbon mixtures not elsewhere classified in heading 2707, of which 65% or more by volume…$64.5M
- 52708.10Pitch$45.2M
- 62713.12Calcined$44.1M
- 72712.10Petroleum jelly$25.9M
- 82711.12Propane$20.5M
Headings in chapter 27
Every four digit code under HS 27 with world exports in 2024.
- 2701Coal, briquettes, ovoids and similar solid fuels manufactured from coal$136BImports $157B
- 2702Lignite, whether or not agglomerated, excluding jet$7.77BImports $11.9B
- 2703Peat, (including peat litter), whether or not agglomerated$1.8BImports $1.86B
- 2704Coke and semi-coke, of coal, lignite or peat, whether or not agglomerated, retort carbon$9.28BImports $8.96B
- 2705Coal gas, water gas, producer gas and similar gases, other than petroleum gases and other gaseous hydrocarbons$2.11MImports $3.92M
- 2706Tar distilled from coal, from lignite, peat and other mineral tars, whether or not dehydrated or partially distilled, including reconstituted tars$683MImports $384M
- 2707Oils and other products of the distillation of high temperature coal tar, similar products in which the weight of the aromatic constituents exceeds…$33.9BImports $21.3B
- 2708Pitch and pitch coke, obtained from coal tar or from other mineral tars$942MImports $1.09B
- 2709Petroleum oils and oils obtained from bituminous minerals, crude$984BImports $1.13T
- 2710Petroleum oils and oils from bituminous minerals, not crude, preparations not elsewhere classified, containing by weight 70% or more of petroleum…$748BImports $748B
- 2711Petroleum gases and other gaseous hydrocarbons$312BImports $388B
- 2712Petroleum jelly, paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, similar products…$3.75BImports $3.69B
- 2713Petroleum coke, petroleum bitumen, other residues of petroleum oils or oils obtained from bituminous minerals$19.3BImports $20.3B
- 2714Bitumen and asphalt, natural, bituminous or oil shale and tar sands, asphaltites and asphaltic rocks$201MImports $337M
- 2715Bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch (e.g. bituminous…$989MImports $4.66B
- 2716Electrical energy$54.4BImports $54B
Questions about HS 27
Quick answers based on the classification and the trade figures above.
What is HS code 27?
HS code 27 is a chapter of the Harmonized System that covers mineral fuels, mineral oils and products of their distillation, bituminous substances, mineral waxes. It is split into 16 more detailed four digit headings.
How much is traded worldwide under HS code 27?
In 2024, countries reported exports worth $2.31T and imports worth $2.55T under HS code 27. Reported exports changed by −12.2% compared with 2023. These are trade statistics in US dollars, not prices.
Which countries export the most under HS code 27?
The largest exporters in 2024 were United States (13.8% of world exports), Saudi Arabia (9.3% of world exports) and Canada (6.1% of world exports).
Which countries import the most under HS code 27?
The largest importers in 2024 were China (19.8% of world imports), United States (9.8% of world imports) and Japan (6.6% of world imports).
Does India export or import goods under HS code 27?
Yes. Based on what the major economies reported about their trade with India, India exported at least $26.6B and imported at least $36.8B under HS code 27 in 2024.
Is the HS code the same in every country?
The first six digits are shared by every country that uses the Harmonized System. Countries add their own digits after that, for example India uses eight digit ITC-HS codes and the United States uses ten digit HTS codes, so check the national tariff for the full code and the duty rate.