Flag Russia / India Flag

2020
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Exports
: $5.93B, Rnk 15 / 187

2020
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Top Product
: $923M, Coal Briquettes

2020
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Exports
: $2.87B, Rnk 30 / 218

2020
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Top Product
: $444M, Packaged Medicaments

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

2020
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Economic Complexity (ECI)
: ECI 0.56, Rnk 40 / 127

2020
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GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 195

2020
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 GDP
: $2.66T, CURRENT US$
Rnk 6 / 195

2010-2020
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GDP GROWTH
: 58.8%, CURRENT US$
Rnk 46 / 195

2020
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GDP PC 
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
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GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

2020
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GDP PC
: $1,928, CURRENT US$
Rnk 150 / 195

2010-2020
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GDP PC GROWTH
: 42%, CURRENT US$
Rnk 38 / 195

Russia-India In 2020, Russia exported $5.93B to India. The main products that Russia exported to India are Coal Briquettes ($923M), Diamonds ($684M), and Other Sea Vessels ($346M). During the last 25 years the exports of Russia to India have increased at an annualized rate of 8.69%, from $738M in 1995 to $5.93B in 2020.

In 2018, Russia exported services to India worth $439M, with Other business services ($233M), Travel ($144M), and Transportation ($32.2M) being the largest in terms of value.

India-Russia In 2020, India exported $2.87B to Russia . The main products that India exported to Russia were Packaged Medicaments ($444M), Broadcasting Equipment ($235M), and Tea ($88.3M). During the last 25 years the exports of India to Russia have increased at an annualized rate of 4.14%, from $1.04B in 1995 to $2.87B in 2020.

In 2020, India did not export any services to Russia.

Comparison In 2020,  Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.56), and 18 in total exports ($284B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Russia exported $5.93B to India. The main products exported from Russia to India were Coal Briquettes ($923M), Diamonds ($684M), and Other Sea Vessels ($346M). During the last 25 years the exports of Russia to India have increased at an annualized rate of 8.69%, from $738M in 1995 to $5.93B in 2020.

In 2020, India exported $2.87B to Russia. The main products exported from India to Russia were Packaged Medicaments ($444M), Broadcasting Equipment ($235M), and Tea ($88.3M). During the last 25 years the exports of India to Russia have increased at an annualized rate of 4.14%, from $1.04B in 1995 to $2.87B in 2020.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $49.3B

India
Top Destination
: United States, $49.7B

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 2019, countries that imported more from Russia than India were China ($49.3B), United Kingdom ($25.3B), and Netherlands ($22.5B).

In 2019, countries that imported more from India than Russia were United States ($49.7B), United Arab Emirates ($18.1B), and Hong Kong ($9.18B).

Comparative Advantage Russia - India

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Flow

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

During 2020, Russia had a large net trade with India in the exports of Mineral Products ($1.55B), Precious Metals ($883M), and Chemical Products ($821M).

During 2020, India had a large net trade with Russia in the exports of Chemical Products ($841M), Machines ($661M), and Vegetable Products ($327M).

Bilateral Service Trade

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In 2018, Russia exported services to India worth $439M, with Other business services ($233M), Travel ($144M), and Transportation ($32.2M) 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.