Red Sea Crisis: India’s petroleum exports to Europe nosedive to an 18-month low in January

Syllabus: GS-III

Subject: Economy

Topic: Trade & External sector.

Issue: Red sea Crisis.

Context: India’s petroleum product exports to Europe hit a low in due to security concerns in the Red Sea region.


  • Security concerns in the Red Sea region forced major shipping companies to avoid the route.
  • Instead they chose the longer route around Africa via the Cape of Good Hope.
  • Indian fuel exports to Europe now take 15-20 days longer due to the rerouting.
  • India emerged as a major fuel supplier to Europe after Europe reduced its reliance on Russian energy imports following Russian invasion of Ukraine.

Prelims Connect:

Red Sea (Places In News):


Scroll to Top