Datanomics: India's crude flows via Hormuz at risk amid West Asia crisis

India's dependence on the Strait of Hormuz for crude oil imports has declined, with its share falling from 55 per cent in 2020 to 41 per cent in Q1 2025

The shutdown of the Strait of Hormuz following tensions in West Asia could push up global crude oil prices. Between 2020 and 2025Q1, about 88.7 million barrels per day of crude oil passed through the strait. China accounted for 31 per cent of these imports, India 15 per cent, and South Korea 11 per cent. The share of Strait of Hormuz in total crude imports shows that Japan (73 per cent), China (47 per cent), and India (42 per cent) topped the list in 2023.

  Nearly half of India’s crude oil imports via Hormuz

  India’s dependence on the Strait of Hormuz for crude oil imports has declined, with its share falling from 55 per cent in 2020 to 41 per cent in 2025Q1. 

  India 2nd in crude oil volumes imported via Hormuz

  Country-wise, China’s share of crude oil imported via the Strait of Hormuz rose from 28 per cent in 2020 to 33 per cent in 2025Q1, while India’s share declined from 15 per cent to 13 per cent over the same period. 

  Oil prices spike during Hormuz closure 

Crude oil prices rose globally and in India in June 2025, when Iran announced its decision to close the strait.