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2022
Flag → Flag
Exports $40.4BRnk 2 / 138
2022
Flag → Flag
Top Product $25.5BCrude Petroleum
2022
Flag → Flag
Exports $2.88BRnk 37 / 217
2022
Flag → Flag
Top Product $403MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Russia-India Trade: 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). Over the past 5 years the exports of Russia to India have increased at an annualized rate of 43.6%, from $6.61B in 2017 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.

India-Russia Trade: In 2022, India exported $2.88B to Russia. The main products that India exported to Russia were Packaged Medicaments ($403M), Crustaceans ($120M), and Large Flat-Rolled Stainless Steel ($100M). Over the past 5 years the exports of India to Russia have increased at an annualized rate of 1.09%,  from $2.5B in 2017 to $2.88B in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $591M and imported $365M from India, resulting in a positive trade balance of $226M. Between January 2021 and January 2022 the exports of Russia have increased by $246M (71.5%) from $344M to $591M, while imports increased by $107M (41.7%) from $258M to $365M.

Trade In January 2022, the top exports of Russia to India were Diamonds ($83.9M), Crude Petroleum ($49.2M), Refined Petroleum ($34.3M), Coal Briquettes ($31.3M), and Synthetic Rubber ($18.4M). In January 2022 the top imports of Russia from India were Packaged Medicaments ($36M), Telephones ($10.6M), Large Flat-Rolled Stainless Steel ($10.4M), Other Heating Machinery ($9.69M), and Motor vehicles; parts and accessories (8701... ($8.81M).

Origins In January 2022 the exports of Russia were mainly from ASTRAKHAN REGION ($116M), REPUBLIC OF SAKHA (YAKUTIA) ($84.3M), NIZHNY NOVGOROD REGION ($71.7M), VOLOGDA REGION ($59.5M), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($56.3M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($167M), MOSCOW REGION ($53.4M), ST. PETERSBURG ($43.5M), LENINGRAD REGION ($13.5M), and REPUBLIC OF TATARSTAN ($7.91M).

Growth In January 2022, the increase in Russia's year-by-year exports to India was explained primarily by an increase in product exports in Refined Petroleum ($19.7M or 135%), Broadcasting Accessories ($8.01M or 557%), and Other Electrical Machinery ($7.78M or 2.57k%). In January 2022, the increase in Russia's year-by-year imports  from India was explained primarily by an increase in product imports  in Other Heating Machinery ($9.14M or 1.65k%), Vaccines, blood, antisera, toxins and cultures ($8.01M or 9.18k%), and Large Flat-Rolled Stainless Steel ($4.53M or 76.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$246M(71.5%)
IMPORT GROWTH (January 2021 - January 2022)$107M(41.7%)
MAIN EXPORTER (January 2022)ASTRAKHAN REGION$116M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check India and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Russia to India have increased at an annualized rate of 43.6%, from $6.61B in 2017 to $40.4B in 2022.

In 2017, 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 5 years the exports of India to Russia have increased at an annualized rate of 1.09%, from $2.5B in 2022 to $2.88B in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
India
Top DestinationUnited States$82.9B

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 2022, countries that imported more from Russia than India included China ($101B), Kazakhstan ($16.5B), and Italy ($25.1B).

In 2022, countries that imported more from India than Russia included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

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 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).

During 2017, India had a large net trade with Russia in the exports of Chemical Products ($1.01B), Machines ($410M), and Vegetable Products ($337M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia India+$1.79BRefined Petroleum
Top Product Potential India Russia+$360MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Russia and India. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Russia.

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

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