Flag Russia / India Flag

2021
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Exports
: $7.6B, Rnk 17 / 192

2021
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Top Product
: $935M, Crude Petroleum

2021
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Exports
: $3.68B, Rnk 30 / 214

2021
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Top Product
: $482M, Packaged Medicaments

2021
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Economic Complexity (ECI)
: ECI 0.46, Rnk 45 / 131

2021
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Economic Complexity (ECI)
: ECI 0.61, Rnk 41 / 131

2021
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GDP
: $1.78T, CURRENT US$
Rnk 11 / 182

2011-2021
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GDP GROWTH
: -13.2%, CURRENT US$
Rnk 167 / 182

2021
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 GDP
: $3.17T, CURRENT US$
Rnk 6 / 182

2011-2021
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GDP GROWTH
: 74.1%, CURRENT US$
Rnk 26 / 182

2021
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GDP PC 
: $12,173, CURRENT US$
Rnk 61 / 182

2011-2021
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GDP PC GROWTH
: -14.9%, CURRENT US$
Rnk 153 / 182

2021
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GDP PC
: $2,277, CURRENT US$
Rnk 137 / 182

2011-2021
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GDP PC GROWTH
: 56.2%, CURRENT US$
Rnk 20 / 182

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

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Bilateral Trade by Products

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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.

Market Competitiveness

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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).

Comparative Advantage Russia - India

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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).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.