2022
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GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH
85.2%CURRENT US$
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2022
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 GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
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GDP PC
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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About

India-Russia In 2022, India exported $2.88B to Russia. The main products that India exported to Russia are Packaged Medicaments ($403M), Crustaceans ($120M), and Large Flat-Rolled Stainless Steel ($100M). During the last 27 years the exports of India to Russia have increased at an annualized rate of 3.85%, from $1.04B in 1995 to $2.88B in 2022.

In 2022, India did not export any services to Russia.

Russia-India In 2022, Russia exported $40.4B to India. The main products that Russia exported to India were Crude Petroleum ($25.5B), Coal Briquettes ($4.28B), and Refined Petroleum ($4.05B). During the last 27 years the exports of Russia to India have increased at an annualized rate of 15.6%, from $807M in 1995 to $40.4B in 2022.

In 2020, Russia exported services to India worth $627M, with Other business services ($413M), Transportation ($67.5M), and Travel ($59M) being the largest in terms of value.

Comparison In 2022,  India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $2.88B to Russia. The main products exported from India to Russia were Packaged Medicaments ($403M), Crustaceans ($120M), and Large Flat-Rolled Stainless Steel ($100M). During the last 27 years the exports of India to Russia have increased at an annualized rate of 3.85%, from $1.04B in 1995 to $2.88B in 2022.

In 2022, Russia exported $40.4B to India. The main products exported from Russia to India were Crude Petroleum ($25.5B), Coal Briquettes ($4.28B), and Refined Petroleum ($4.05B). During the last 27 years the exports of Russia to India have increased at an annualized rate of 15.6%, from $807M in 1995 to $40.4B in 2022.

Exports from India (Flag) to Russia (Flag) (2022)

Exports from Russia (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Russia
Top Destination
China$101B

This map shows whether countries import more from India or Russia. Each country is colored based on the difference in imports they receive from India and Russia or the difference in the growth in imports.

In 2021, countries that imported more from India than Russia were United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2021, countries that imported more from Russia than India were China ($101B), Kazakhstan ($16.5B), and Italy ($25.1B).

Difference in imports from Russia (Flag) and India (Flag) (2022)

Comparative Advantage India - Russia

Flow
Scale

This chart compares trade between India and Russia by product, considering products traded by both, India and Russia.

During 2022, India had a large net trade with Russia in the exports of Chemical Products ($1.01B), Machines ($410M), and Vegetable Products ($337M).

During 2022, Russia had a large net trade with India in the exports of Mineral Products ($34.1B), Chemical Products ($2.9B), and Precious Metals ($1.29B).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to India worth $627M, with Other business services ($413M), Transportation ($67.5M), and Travel ($59M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to India (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more India has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over India.

Product Space of India (Flag) and Russia (Flag) (2022)

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