NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $66.1BRnk 2 / 137
2023
Flag → Flag
Top Product $48.6BCrude Petroleum
2023
Flag → Flag
Exports $4.05BRnk 30 / 220
2023
Flag → Flag
Top Product $340MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Russia-India Trade: In 2023, Russia exported $66.1B to India. The main products that Russia exported to India were Crude Petroleum ($48.6B), Refined Petroleum ($4.93B), and Coal Briquettes ($4.69B). Over the past 5 years the exports of Russia to India have increased at an annualized rate of 57.9%, from $6.75B in 2018 to $66.1B in 2023.

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 2023, India exported $4.05B to Russia. The main products that India exported to Russia were Packaged Medicaments ($340M), Large Flat-Rolled Stainless Steel ($218M), and Aluminium Oxide ($169M). Over the past 5 years the exports of India to Russia have increased at an annualized rate of 5.08%,  from $3.16B in 2018 to $4.05B in 2023.

In 2023, India did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

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

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $66.1B to India. The main products exported from Russia to India were Crude Petroleum ($48.6B), Refined Petroleum ($4.93B), and Coal Briquettes ($4.69B). During the last 5 years the exports of Russia to India have increased at an annualized rate of 57.9%, from $6.75B in 2018 to $66.1B in 2023.

In 2018, India exported $4.05B to Russia. The main products exported from India to Russia were Packaged Medicaments ($340M), Large Flat-Rolled Stainless Steel ($218M), and Aluminium Oxide ($169M). During the last 5 years the exports of India to Russia have increased at an annualized rate of 5.08%, from $3.16B in 2023 to $4.05B in 2018.

Exports from Russia (Flag) to India (Flag) (2023)

Exports from India (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
India
Top DestinationUnited States$85.5B

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 2023, countries that imported more from Russia than India included China ($129B), Turkey ($31B), and Kazakhstan ($16.1B).

In 2023, countries that imported more from India than Russia included United States ($85.5B), United Arab Emirates ($28.8B), and United Kingdom ($14.4B).

Difference in imports from India (Flag) and Russia (Flag) (2023)

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 2023, Russia had a large net trade with India in the exports of Mineral Products ($58.9B), Chemical Products ($2.95B), and Precious Metals ($1.31B).

During 2018, India had a large net trade with Russia in the exports of Chemical Products ($1.16B), Machines ($846M), and Metals ($446M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms