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2022
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Exports $40.4BRnk 2 / 138
2022
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Top Product $25.5BCrude Petroleum
2022
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Exports $2.88BRnk 37 / 217
2022
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Top Product $403MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.42Rnk 45 / 124
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 124
2022
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GDP$2.24TCURRENT US$
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2012-2022
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GDP GROWTH1.45%CURRENT US$
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2022
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 GDP$3.39TCURRENT US$
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2012-2022
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GDP GROWTH85.2%CURRENT US$
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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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2022
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GDP PC$2,389CURRENT US$
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2012-2022
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GDP PC GROWTH66.6%CURRENT US$
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About

Russia-India In 2022, Russia exported $40.4B to India. The main products that Russia exported to India are 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.

India-Russia 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). 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.

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

Flow
Time Scale
Depth
Value
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.

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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 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 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.

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

In 2021, countries that imported more from India than Russia were 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 2022, India had a large net trade with Russia in the exports of Chemical Products ($1.01B), Machines ($410M), and Vegetable Products ($337M).

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) (2022)

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