2021
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GDP
$1.84TCURRENT US$
Rnk 10 / 204
2011-2021
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GDP GROWTH
-10.2%CURRENT US$
Rnk 187 / 204
2021
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 GDP
$3.15TCURRENT US$
Rnk 5 / 204
2011-2021
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GDP GROWTH
72.8%CURRENT US$
Rnk 26 / 204
2021
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GDP PC 
$12,593CURRENT US$
Rnk 76 / 204
2011-2021
Flag
GDP PC GROWTH
-12%CURRENT US$
Rnk 170 / 204
2021
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GDP PC
$2,238CURRENT US$
Rnk 159 / 204
2011-2021
Flag
GDP PC GROWTH
54.4%CURRENT US$
Rnk 27 / 204

About

Russia-India In 2021, Russia exported $7.6B to India. The main products that Russia exported to India are Crude Petroleum ($935M), Diamonds ($884M), and Refined Petroleum ($775M). During the last 26 years the exports of Russia to India have increased at an annualized rate of 9.38%, from $738M in 1995 to $7.6B in 2021.

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.

India-Russia In 2021, India exported $3.68B to Russia. The main products that India exported to Russia were Packaged Medicaments ($482M), Broadcasting Equipment ($397M), and Large Flat-Rolled Stainless Steel ($133M). During the last 26 years the exports of India to Russia have increased at an annualized rate of 4.98%, from $1.04B in 1995 to $3.68B in 2021.

In 2021, India did not export any services to Russia.

Comparison In 2021,  Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). That same year, India ranked 41 in the Economic Complexity Index (ECI 0.61), and 14 in total exports ($403B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $7.6B to India. The main products exported from Russia to India were Crude Petroleum ($935M), Diamonds ($884M), and Refined Petroleum ($775M). During the last 26 years the exports of Russia to India have increased at an annualized rate of 9.38%, from $738M in 1995 to $7.6B in 2021.

In 2021, India exported $3.68B to Russia. The main products exported from India to Russia were Packaged Medicaments ($482M), Broadcasting Equipment ($397M), and Large Flat-Rolled Stainless Steel ($133M). During the last 26 years the exports of India to Russia have increased at an annualized rate of 4.98%, from $1.04B in 1995 to $3.68B in 2021.

Exports from Russia (Flag) to India (Flag) (2021)

Exports from India (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top Destination
China$70.9B
India
Top Destination
United States$71.2B

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

In 2021, countries that imported more from Russia than India were China ($70.9B), Netherlands ($39B), and Belarus ($20.5B).

In 2021, countries that imported more from India than Russia were United States ($71.2B), United Arab Emirates ($25.4B), and Bangladesh ($14.1B).

Difference in imports from India (Flag) and Russia (Flag) (2021)

Comparative Advantage Russia - India

Flow
Scale

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

During 2021, Russia had a large net trade with India in the exports of Mineral Products ($2.43B), Precious Metals ($1.38B), and Machines ($1.18B).

During 2021, India had a large net trade with Russia in the exports of Chemical Products ($1.04B), Machines ($869M), and Vegetable Products ($357M).

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 Russia has comparative advantage over India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over Russia.

Product Space of Russia (Flag) and India (Flag) (2021)

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