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Taiwan and India were top destinations for Russian naphtha in August, LSEG data shows

Published by Global Banking & Finance Review

Posted on October 9, 2025

2 min read

· Last updated: January 21, 2026

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MOSCOW (Reuters) -Taiwan and India were the main destinations for Russian seaborne naphtha exports in August, as cheaper barrels attracted buyers, data from market sources and LSEG showed. Since the

Taiwan and India Lead Russian Naphtha Exports in August 2023

Overview of Russian Naphtha Exports

MOSCOW (Reuters) -Taiwan and India were the main destinations for Russian seaborne naphtha exports in August, as cheaper barrels attracted buyers, data from market sources and LSEG showed.

Taiwan's Naphtha Imports

Since the European Union's full embargo on Russian oil products went into effect in February 2023, countries in the Middle East and Asia have become the main destinations for Russia's naphtha supplies.

India's Naphtha Shipments

Naphtha is a primary feedstock in the petrochemical industry for producing olefins and aromatics, which are then used to manufacture a wide array of products, including plastics, synthetic resins, synthetic fibers, and various other chemicals.

Impact of EU Oil Embargo

Naphtha export loadings from Russian ports to Taiwan more than doubled in August month-on-month to around 370,000 metric tons and totalled 1.8 million tons in the first eight months of 2025, according to LSEG data.

Private vs State-Owned Refiners

Meanwhile, Taiwan's economy minister said on Wednesday that privately run refiners are willing to stop buying Russian naphtha should the EU ask them to, after a group of non-governmental organisations criticised the island's continued business with the country.

Shipping Destinations Overview

While Taiwan's state-owned firms stopped importing Russian oil in 2023, there is no such restriction on private companies so far.

Naphtha exports from Russian ports to India in August totalled 151,000 metric tons, down 28% from July after previous ample supplies, and exceeded 1.7 million tons in January-August 2025.

Russian naphtha arrived at the western Indian ports of Mundra, Hazira and Sikka, shipping data showed.

China, Singapore, Malaysia and Turkey were among the other top destinations for Russian naphtha export supplies in August.

All the shipping data above are based on the date of cargo departure. 

(Reporting by Reuters in Moscow; Editing by Vijay Kishore)

Key Takeaways

  • Taiwan and India were the main destinations for Russian naphtha in August.
  • EU's embargo on Russian oil shifted naphtha exports to Asia.
  • Taiwan's naphtha imports doubled in August 2023.
  • India's naphtha imports decreased by 28% from July.
  • China, Singapore, Malaysia, and Turkey also imported Russian naphtha.

Frequently Asked Questions

What is naphtha?
Naphtha is a flammable liquid hydrocarbon mixture used as a solvent and as a feedstock in the petrochemical industry for producing olefins and aromatics.
What are petrochemicals?
Petrochemicals are chemical products derived from petroleum or natural gas, used to produce a wide range of products including plastics, fertilizers, and synthetic fibers.
What is seaborne trade?
Seaborne trade refers to the transportation of goods and commodities via sea routes, which is a crucial aspect of international trade.
What is the significance of naphtha in the energy sector?
Naphtha plays a significant role in the energy sector as it is used as a feedstock for producing fuels and chemicals, impacting energy supply and pricing.

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