The commerce ministry, in its latest data, has said that India’s tanker exports surged more than six-fold to $1.36 billion in the June quarter of current financial year (Q1FY27), up from $221.1 million a year earlier, highlighting the country’s expanding shipbuilding and maritime engineering capabilities. The United Arab Emirates (UAE) was the largest destination during the period. It stated that export volumes also expanded significantly from 10 vessels to 23 vessels, reflecting increasing international demand for Indian-built tankers and marine transportation assets.
It mentioned that the United Arab Emirates emerged as the dominant export destination, accounting for $900.8 million worth of tanker imports in Q1FY27. Shipments to the UAE increased dramatically from $103.6 million to $900.8 million, while the number of exported vessels rose from four to seven tankers. Moreover, Singapore - one of the world's leading maritime hubs - became the second-largest destination with imports worth $146.4 million Q1FY27, up from $45.5 million in the corresponding quarter of the previous year. Export volumes to Singapore increased from two vessels to six, demonstrating India's growing participation in global shipping and logistics ecosystems.
Further, outbound shipments to Sri Lanka rose from $7.9 million to $56.5 million, while new shipments were recorded to Egypt ($39.3 million), South Africa ($34.2 million), Vietnam ($31.5 million), Indonesia ($12.2 million), and Mozambique ($7.7 million). The increase in tanker exports reflects India’s expanding capabilities in high-value shipbuilding sector. Rising demand from the UAE, Singapore and other key maritime economies, coupled with rising vessel deliveries from Indian shipyards, demonstrates the country's growing role in global maritime trade and commercial shipping.
Tankers are large-scale transport ships engineered for the bulk movement of liquids and gases. They serve as a cornerstone of global energy networks and industrial supply chains, they safely distribute vital commodities, including crude oil, petroleum products, chemicals, liquefied natural gas (LNG), and fresh water.
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